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Axogen, Inc. Reports 2025 First Quarter Financial Results
Thu 08 May 25, 11:05 AMAxogen, Inc. To Host Analyst & Investor Day on March 4th
Tue 25 Feb 25, 12:10 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | -28.94800M | -26.98500M | -23.78600M | -29.13500M | -22.39700M |
Minority interest | - | - | - | - | - |
Net income | -27.33500M | -28.06300M | -24.80200M | -29.12200M | -22.39700M |
Selling general administrative | 36.76M | 32.34M | 26.40M | 31.30M | 23.12M |
Selling and marketing expenses | 80.23M | 73.33M | 69.66M | 71.95M | 56.62M |
Gross profit | 114.44M | 104.43M | 90.72M | 89.36M | 71.01M |
Reconciled depreciation | 4.85M | 4.74M | 3.46M | 2.88M | 0.85M |
Ebit | -29.70700M | -25.41600M | -23.18200M | -31.40600M | -20.52800M |
Ebitda | -25.08400M | -20.95300M | -19.76000M | -26.21800M | -19.67700M |
Depreciation and amortization | 4.62M | 4.46M | 3.42M | 5.19M | 0.85M |
Non operating income net other | 1.38M | -0.21300M | 0.45M | - | -0.77000M |
Operating income | -29.70700M | -25.41600M | -23.18200M | -31.40600M | -20.50000M |
Other operating expenses | 168.29M | 152.77M | 135.48M | 138.12M | 104.44M |
Interest expense | 0.62M | 1.36M | 1.05M | 0.04M | 1.21M |
Tax provision | - | - | - | - | - |
Interest income | - | - | - | 2.36M | 0.32M |
Net interest income | -0.62400M | -1.35600M | -1.05400M | -0.04000M | -1.20800M |
Extraordinary items | - | - | - | - | - |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | -1.61300M | 1.08M | 1.02M | -0.01300M | 0.66M |
Total revenue | 138.58M | 127.36M | 112.30M | 106.71M | 83.94M |
Total operating expenses | 144.14M | 129.84M | 113.90M | 120.77M | 91.51M |
Cost of revenue | 24.15M | 22.93M | 21.58M | 17.35M | 12.92M |
Total other income expense net | 0.76M | -1.56900M | -0.60400M | 2.27M | -0.68900M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | -28.94800M | -26.98500M | -23.78600M | -29.13500M | -22.39700M |
Net income applicable to common shares | -28.94800M | -26.98500M | -23.78600M | -29.13500M | -22.39700M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 196.83M | 195.39M | 208.02M | 201.38M | 154.64M |
Intangible assets | 4.53M | 3.65M | 2.86M | 2.05M | 1.51M |
Earning assets | - | - | - | - | - |
Other current assets | 2.81M | 1.94M | 1.86M | 4.30M | 1.71M |
Total liab | 101.16M | 94.39M | 95.47M | 78.23M | 22.49M |
Total stockholder equity | 95.67M | 101.00M | 112.55M | 123.15M | 132.15M |
Deferred long term liab | - | 4.52M | 5.56M | 2.50M | - |
Other current liab | 17.11M | 13.48M | 16.54M | 17.37M | 10.87M |
Common stock | 0.43M | 0.42M | 0.42M | 0.41M | 0.40M |
Capital stock | 0.43M | 0.42M | 0.42M | 0.41M | 0.40M |
Retained earnings | -281.29600M | -259.58000M | -230.63200M | -203.64700M | -179.86100M |
Other liab | - | - | - | 0.00300M | 0.01M |
Good will | - | - | - | - | - |
Other assets | - | - | - | 0.00100M | - |
Cash | 37.03M | 15.28M | 32.76M | 48.77M | 35.72M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 30.43M | 23.75M | 24.29M | 22.83M | 20.88M |
Current deferred revenue | - | - | - | - | 0.01M |
Net debt | 32.27M | 52.14M | 34.70M | 5.00M | -32.39300M |
Short term debt | 1.55M | 1.31M | 1.83M | 0.86M | 1.74M |
Short long term debt | - | - | - | 0.86M | 1.74M |
Short long term debt total | 69.29M | 67.43M | 67.45M | 53.76M | 3.33M |
Other stockholder equity | 376.53M | 360.15M | 342.76M | 326.39M | 311.62M |
Property plant equipment | - | 93.66M | 78.12M | 38.40M | 18.11M |
Total current assets | 88.00M | 98.08M | 127.05M | 145.25M | 135.02M |
Long term investments | - | - | - | - | - |
Net tangible assets | - | 97.35M | 109.69M | 121.09M | 130.64M |
Short term investments | 0.00000M | 33.51M | 51.33M | 55.20M | 60.79M |
Net receivables | 25.15M | 22.19M | 18.16M | 17.62M | 16.94M |
Long term debt | 46.60M | 66.12M | 65.62M | 52.90M | 1.59M |
Inventory | 23.02M | 18.91M | 16.69M | 12.53M | 13.86M |
Accounts payable | 11.77M | 8.96M | 5.92M | 4.60M | 8.26M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | 0.00000M | - | - | - | -3.76400M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | 0.42M | 0.42M | 0.41M | 0.40M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | -259.58000M | -230.63200M | -203.64700M | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | - | 93.66M | 0.04M | 15.68M | 19.62M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 108.82M | 97.31M | 80.97M | 56.13M | 19.62M |
Capital lease obligations | 22.69M | 21.71M | 22.63M | 20.87M | - |
Long term debt total | - | 66.12M | 65.62M | 52.90M | 0.03M |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Investments | 18.32M | 18.05M | 3.80M | 5.63M | 27.27M |
Change to liabilities | - | 0.66M | -0.27300M | 4.96M | 2.89M |
Total cashflows from investing activities | - | -3.20000M | -23.64900M | -16.96300M | 27.27M |
Net borrowings | - | -0.01200M | 14.98M | 35.00M | 0.03M |
Total cash from financing activities | 1.95M | 1.79M | 20.45M | 40.47M | 4.03M |
Change to operating activities | - | -1.92700M | 1.97M | -3.61300M | -2.43800M |
Net income | -21.71600M | -28.94800M | -26.98500M | -23.78600M | -29.13500M |
Change in cash | 15.49M | -17.47200M | -16.60200M | 13.88M | 11.43M |
Begin period cash flow | 21.54M | 39.01M | 55.61M | 41.72M | 30.29M |
End period cash flow | 37.03M | 21.54M | 39.01M | 55.61M | 41.72M |
Total cash from operating activities | -5.71600M | -16.06600M | -13.40500M | -9.62600M | -19.87200M |
Issuance of capital stock | - | 0.00000M | 0.00000M | 3.50M | 7.82M |
Depreciation | 5.55M | 4.85M | 4.74M | 3.46M | 2.88M |
Other cashflows from investing activities | - | -1.17500M | 0.95M | -0.69200M | 32.50M |
Dividends paid | - | - | - | 0.67M | - |
Change to inventory | -6.05400M | -3.65600M | -7.47800M | -0.91000M | -3.76700M |
Change to account receivables | -2.69100M | -4.63900M | -0.49900M | -0.63500M | -2.13600M |
Sale purchase of stock | - | 1.81M | 5.47M | -0.67000M | 4.00M |
Other cashflows from financing activities | 1.96M | 1.81M | 5.47M | 1.99M | 0.06M |
Change to netincome | - | 16.70M | 14.29M | 10.68M | 11.84M |
Capital expenditures | 14.92M | 21.25M | 28.40M | 22.60M | 121.64M |
Change receivables | - | -4.63900M | -0.49900M | -0.63500M | - |
Cash flows other operating | - | -0.16600M | 3.79M | -1.82500M | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | -17.47200M | -16.60200M | 13.88M | - |
Change in working capital | -4.38600M | -9.56000M | -6.27800M | -0.20900M | -6.41900M |
Stock based compensation | 14.42M | 15.59M | 10.92M | 8.47M | 10.30M |
Other non cash items | 0.41M | 2.00M | 0.83M | 0.23M | 2.50M |
Free cash flow | -20.63400M | -37.31900M | -41.80500M | -32.22300M | -141.50800M |
Sector: Healthcare Industry: Medical Devices
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
AXGN Axogen Inc |
0.07 0.66% | 11.44 | - | 41.49 | 3.57 | 6.60 | 3.87 | 408.21 |
ABT Abbott Laboratories |
0.33 0.25% | 134.03 | 37.15 | 23.15 | 4.67 | 4.97 | 4.88 | 19.38 |
SYK Stryker Corporation |
-1.835 0.47% | 390.68 | 44.07 | 24.94 | 5.51 | 6.12 | 6.05 | 25.73 |
MDT Medtronic PLC |
0.76 0.87% | 88.43 | 26.60 | 15.87 | 3.35 | 2.08 | 3.90 | 14.12 |
BSX Boston Scientific Corp |
-1.685 1.62% | 102.14 | 68.17 | 24.57 | 5.85 | 4.26 | 6.46 | 26.80 |
Axogen, Inc., together with its subsidiaries, develops and commercializes technologies for peripheral nerve regeneration and repair worldwide. The company's products include Avance Nerve Graft, a biologically active off-the-shelf processed human nerve allograft for bridging severed peripheral nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed peripheral nerves; AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect damaged peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments; and Axoguard HA+ Nerve Protector, a processed porcine submucosa ECM base layer with a hyaluronate-alginate gel coating designed to provide short- and long-term protection for peripheral nerve injuries. Its products also comprise Axoguard Nerve Cap, a porcine submucosa ECM product that is used to protect a peripheral nerve end, as well as separates the nerve from the surrounding environment to reduce the development of symptomatic or painful neuroma; and AxoTouch two-point discriminator, a tool that is used for measuring the innervation density of surface area of the skin. The company provides its products to hospitals, surgery centers, and military hospitals, plastic reconstructive surgeons, orthopedic and plastic hand surgeons, and various oral and maxillofacial surgeons. Axogen, Inc. is headquartered in Alachua, Florida.
13631 Progress Boulevard, Alachua, FL, United States, 32615
Name | Title | Year Born |
---|---|---|
Ms. Karen Zaderej | Chairman, Pres & CEO | 1962 |
Mr. Peter J. Mariani | Exec. VP & CFO | 1964 |
Ms. Maria D. Martinez | Chief HR Officer | 1968 |
Mr. Angelo G. Scopelianos Ph.D. | Chief R&D Officer | 1955 |
Mr. Michael Donovan | VP of Operations | 1965 |
Ed Joyce | Director of Investor Relations | NA |
Mr. Bradley L. Ottinger J.D. | Gen. Counsel & Chief Compliance Officer | 1970 |
Mr. Gregory Davault | VP of Marketing | 1968 |
Ms. Doris Quackenbush | VP of Sales | NA |
Ms. Isabelle Billet | Chief Strategy & Bus. Devel. Officer | 1962 |
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