earnings
confidence high
sentiment neutral
materiality 0.75
MiMedx Q2 revenue $87M (+7% YoY), GAAP EPS $0.12, Adjusted EBITDA margin 23%
MIMEDX GROUP, INC.
2024-Q2 EPS reported
$0.18
revenue$171,915,000
- Net sales $87M, up 7% YoY; GAAP net income $18M, EPS $0.12.
- Adjusted EBITDA $20M, margin 23% vs 17.4% in Q2 2023.
- CEO reports competitive pressure from high-priced skin substitutes causing employee and customer attrition.
- Launched HELIOGEN (first xenograft) and commenced RCT for EPIEFFECT.
- Cash $69M; 2024 net sales growth guided to mid-to-high single digits.