earnings
confidence high
sentiment negative
materiality 0.85
Organogenesis Q2 revenue down 23% to $100.8M; amends credit agreement, waives covenant test
Organogenesis Holdings Inc.
2025-Q2 EPS reported
-$0.27
revenue$187,698,000
- Net product revenue $100.8M (down 23% YoY); Advanced Wound Care fell 25%, Surgical & Sports Med up 16%.
- Net loss $9.4M ($0.10 per share) vs $17.0M loss a year ago; adjusted net loss $7.5M vs income $0.2M.
- FY2025 guidance: revenue $480-510M (flat to +6%); adjusted EBITDA $31.1-61.9M.
- Fourth Amendment to Credit Agreement waives Q2 2025 covenant test; must reset covenants by Sept 30, 2025; no additional borrowing until then.
- Cash and restricted cash $73.7M, no debt; expects cash plus product sales to fund ops for 12 months.
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