secwatch.observer — SEC 8-K summary
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Issuer:     Axogen, Inc. (AXGN)
CIK:        0000805928
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000805928-24-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axogen Q1 2024 revenue $41.4M (+12.9% YoY); net loss narrows to $6.6M; adj EBITDA turns positive
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- Revenue $41.4M, up 12.9% YoY; gross margin improved to 78.8% from 77.7%.
- Net loss $6.6M ($0.15/sh) vs $7.1M ($0.17/sh) in Q1 2023; adjusted net loss $2.7M ($0.06/sh).
- Adjusted EBITDA positive at $1.0M vs loss of $3.8M in prior year.
- Cash & investments $23.6M as of March 31, 2024, down from $37.0M at Dec 31, 2023.
- Reaffirmed FY2024 revenue guidance $177M-$181M; gross margin 76%-79%; expects positive net cash flow Apr-Dec 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805928/000080592824000070/0000805928-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805928/000080592824000070/axgn-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000805928-24-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer