Paragon 28 Inc. (FNA), a maker of foot and ankle surgical systems, would’ve missed consensus profit forecasts by an even wider margin had it not been for an accounting change that released nearly $2 million into earnings.

In the first quarter, Paragon says revised the inputs used in estimating the reserve on obsolete and slow-moving inventory to:

“...include forecasted sales, in addition to current inventory levels and historical sales.”

The change reduced the company’s inventory reserve by $1.83 million, decreasing the firm’s operating loss by 12.4%.

Even with the release, Paragon still missed net income and earnings per share (EPS) estimates.