Axogen Q3 revenue $37.0M (+18% YoY); net loss narrows to $4.3M; guidance raised

Axogen, Inc.

2022-Q3 EPS reported -$0.56 revenue$102,420,000

Net loss $4.3M ($0.10/sh) vs $7.1M loss ($0.17/sh) in Q3 2021; adjusted net loss $0.4M ($0.01/sh).
Adjusted EBITDA turned positive at $0.4M vs loss of $2.5M YoY.
Narrows FY2022 revenue guidance to $137.5M-$140.0M (prior $135M-$142M); gross margin above 80%.
Appointed William Burke to Board and Audit Committee; Adrian Tyndall joins Dec 13 as Mark Gold retires.
Core accounts 331 (+11% sequentially); cash $59.4M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Axogen, Inc. reported third quarter ended September 30, 2022 results: revenue $37.0 million, net income $(4.3) million, or $(0.10) per share. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $37.0 million
Net income: $(4.3) million, or $(0.10) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

reported financial results and business highlights for the third quarter ended September 30, 2022. Third Quarter Financial Results 2022 and Business Highlights • Net revenue was $37.0 million during the third quarter, an increase of 18% over the third quarter of 2021.* • Gross margin was 83.3% for the quarter compared to 83.2% in the third quarter of 2021. • Net loss

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Source: SEC EDGAR

accession 0000805928-22-000114

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