secwatch.observer — SEC 8-K summary
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Issuer:     ELUTIA INC. (ELUT)
CIK:        0001708527
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001104659-22-119834
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708527/000110465922119834/0001104659-22-119834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708527/000110465922119834/tm2230834d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-119834

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