NASDAQ$AXGN
Axogen Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported an increase in revenue and improved gross margin, driven by procedure volume improvements and hospital adaptations.
Axogen reported a 3% increase in net revenue to $34.5 million for the second quarter of 2022 compared to the second quarter of 2021. Excluding Avive revenue from the prior year, revenue increased by 9%. The gross margin improved to 81.8%, and the adjusted net loss decreased to $2.6 million, or $0.06 per share.
- Net revenue increased by 3% to $34.5 million compared to Q2 2021.
- Excluding Avive revenue, net revenue increased by 9% compared to Q2 2021.
- Gross margin was 81.8% compared to 78.9% in Q2 2021.
- Adjusted net loss was $2.6 million, or $0.06 per share, compared to $3.7 million, or $0.09 per share, in Q2 2021.
Headline financials
Revenue & EPS history
Axogen · Revenue · Quarterly
$34.5M
Forward guidance
The Company continues to expect 2022 revenue will be in the range of $135.0 million to $142.0 million. Full-year 2022 gross margin is expected to be above 80%.
Tailwinds
- 2022 revenue is expected to be in the range of $135.0 million to $142.0 million.
- Revenue represents approximately 10% to 15% growth over 2021 revenue excluding the impact of $4.1 million of Avive revenue in 2021.
- Full-year 2022 gross margin is expected to be above 80%.
- Positive top-line results from the RECON Phase 3 Study of Avance.
- Completed enrollment of 86 subjects in the comparative phase study of REPOSE.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.4%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+6.1%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+39.1%
Q2 2024
Best reaction
-27.3%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.6% | +9.9% | +2.6% | |
| Q4 2025 | -6.6% | -10.3% | -8.8% | |
| Q3 2025 | +22.8% | +28.6% | +58.5% | |
| Q1 2025 | -23.2% | -33.6% | -33.4% | |
| Q4 2024 | +11.7% | +11.1% | +5.4% | |
| Q3 2024 | -17.4% | -13.4% | -2.7% | |
| Q2 2024 | +39.1% | +42.2% | +64.4% | |
| Q1 2024 | -11.7% | -11.1% | +4.1% | |
| Q4 2023 | -14.4% | -17.4% | -26.7% | |
| Q3 2023 | +37.4% | +27.7% | +88.8% | |
| Q2 2023 | -20.8% | -27.9% | -27.0% | |
| Q1 2023 | -1.8% | -4.6% | -0.8% | |
| Q4 2022 | +11.6% | +9.2% | +37.8% | |
| Q3 2022 | +19.0% | +21.4% | +0.6% | |
| Q2 2022 | +2.1% | +1.2% | -10.7% | |
| Q1 2022 | +23.4% | +17.7% | +16.8% | |
| Q4 2021 | +8.0% | +27.1% | +6.2% | |
| Q3 2021 | -13.3% | -6.0% | -37.3% | |
| Q2 2021 | -2.5% | -9.5% | -12.5% | |
| Q1 2021 | +14.9% | +13.3% | -1.2% | |
| Q4 2020 | +3.6% | +7.0% | -7.7% | |
| Q3 2020 | +3.4% | +10.4% | +18.0% | |
| Q2 2020 | +0.3% | -2.3% | -1.7% | |
| Q1 2020 | -14.7% | -9.6% | +10.9% | |
| Q4 2019 | -17.6% | -15.8% | -36.3% | |
| Q3 2019 | +12.4% | +13.3% | +23.8% | |
| Q2 2019 | -27.3% | -21.8% | -5.5% | |
| Q1 2019 | -2.1% | -5.4% | -15.7% | |
| Q4 2018 | +1.6% | +6.7% | +13.4% | |
| Q3 2018 | +9.3% | +12.8% | -1.3% | |
| Q2 2018 | -12.6% | -13.1% | -2.4% | |
| Q1 2018 | -5.1% | +5.2% | +14.2% | |
| Q4 2017 | +8.8% | +4.5% | +17.0% | |
| Q3 2017 | +10.7% | +15.3% | +28.5% | |
| Q2 2017 | -4.8% | -6.4% | +14.7% | |
| Q1 2017 | +3.3% | +3.7% | +25.6% | |
| Q4 2016 | -0.5% | -0.5% | -5.2% | |
| Q3 2016 | -1.7% | -10.9% | -7.4% | |
| Q2 2016 | +25.1% | +26.2% | +32.9% | |
| Q1 2016 | -0.4% | — | — | |
| Q4 2015 | -4.7% | — | — | |
| Q3 2015 | +17.3% | — | — | |
| Q2 2015 | +5.4% | — | — | |
| Q1 2015 | +3.1% | — | — | |
| Q4 2014 | +3.8% | — | — | |
| Q3 2014 | +5.5% | — | — | |
| Q2 2014 | +1.3% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | -8.5% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | -14.7% | — | — | |
| Q4 2012 | +4.5% | — | — | |
| Q3 2012 | -1.8% | — | — | |
| Q2 2012 | +18.2% | — | — | |
| Q1 2012 | +0.3% | — | — | |
| Q4 2011 | -4.5% | — | — | |
| Q3 2011 | -14.8% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2010 | -6.8% | — | — | |
| Q3 2010 | +9.7% | — | — | |
| Q1 2010 | -0.3% | — | — |
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