Aziyo Q3 revenue $12.4M (+8% YoY); raises FY22 guide; FDA clarity on CanGaroo RM clearance Q1 2023

ELUTIA INC.

2022-Q3 EPS reported -$2.02 revenue$36,522,000

Net sales $12.4M, up 8% YoY; core products $8.9M, non-core $3.4M.
Gross margin 41% (48% ex-intangible amortization) vs 32% prior year due to production efficiencies.
Net loss $9.9M ($0.73/sh) vs $8.3M loss; includes $1.5M litigation expense and $0.8M CEO transition charge.
Cash $8.1M; FY22 revenue guidance raised to $48-50M (prev $47-50M).
Positive FDA meeting; expect CanGaroo RM 510(k) clearance Q1 2023; device compatibility sales +18% YoY.

item 2.02 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

ELUTIA INC. reported the full year 2022 results: revenue $48 million to $50 million. Guidance raised.

Period: the full year 2022
Revenue: $48 million to $50 million
Guidance: raised
Result: guidance update

Exact text from the filing

Guidance for Full Year 2022 Aziyo updated its expectation that total net sales for the full year 2022 will be in the range of $48 million to $50 million. Excluding approximately $4.9 million of FiberCel sales in 2021, this range represents expected growth of 13% to 18%. This updated guidance compares favorably to the previous guidance range of $47 million to $50 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ELUTIA INC. reported the quarter ended September 30, 2022 results: revenue $12.4 million, net income $9.9 million, EPS $0.73 per share.

Period: the quarter ended September 30, 2022
Revenue: $12.4 million
Net income: $9.9 million
EPS: $0.73 per share
Result: reported results

Exact text from the filing

Net sales for the third quarter of 2022 were $12.4 million, an increase of 8%, compared to the third quarter of 2021. Net sales of core products were $8.9 million in the third quarter of 2022, compared to $8.6 million for the third quarter of 2021, and net sales of non-core products were $3.4 million in the third quarter of 2022, compared to $2.9 million in the third quarter of 2021. Gross profit for the third quarter of 2022 was $5.0 million and gross margin was 41%, as compared to $3.7 million and 32%, respectively, in the corresponding prior-year period. Gross margin, excluding intangible asset amortization (a measure not presented in accordance with U.S. generally accepted accounting principles ("GAAP")) was 48% for the third quarter of 2022, as compared to 40% in the third quarter of 2021. The increase in gross margin was primarily due to recent production efficiencies and improved inventory management. 1 Total operating expenses were $12.8 million for the third quarter of 2022, a

View on SEC.gov

Browse all earnings releases →

ELUTIA INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-119834

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.