earnings
confidence high
sentiment positive
materiality 0.65
Axogen Q2 revenue $34.5M (+3% YoY); adjusted net loss narrows to $2.6M; reaffirms FY2022 guidance
Axogen, Inc.
2022-Q2 EPS reported
-$0.46
revenue$65,461,000
- Net revenue $34.5M, +3% YoY; ex-Avive (suspended June 2021) revenue grew 9%.
- Gross margin 81.8% vs 78.9% in Q2 2021 (included $1.4M Avive write-down).
- Adjusted net loss $2.6M ($0.06/share) vs loss $3.7M ($0.09/share) in Q2 2021.
- Cash+investments $64.3M, down from $73.7M at March 2022; $3.9M capex for Dayton facility.
- FY2022 revenue guidance reaffirmed at $135-142M; gross margin expected above 80%.