earnings
confidence high
sentiment positive
materiality 0.80
Axogen Q1 revenue $61.5M (+27% YoY); raises FY 2026 revenue guidance to at least $270M
Axogen, Inc.
2026-Q1 EPS reported
-$0.38
revenue$61,457,000
- Q1 revenue $61.5M, up 26.6% YoY; gross margin expanded to 75.2% from 71.9%.
- GAAP net loss $19.6M ($0.38/share); adjusted net income $4.1M ($0.07/share) vs adjusted net loss $0.9M in Q1 2025.
- Raises full-year 2026 revenue guidance to at least 20% growth or $270M; expects gross margin 74%-76% and positive free cash flow.
- Closed upsized public offering netting $133.3M; used $69.7M to repay Oberland loan; cash & investments rose to $103.6M.
- Received positive coverage decisions from Cigna and Elevance Health; CMS new Level 3 Nerve Procedure Code boosts Avance reimbursement.