NASDAQ$AXGN
Axogen Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong revenue growth and bottom line performance, driven by commercial strategy execution and focus on high potential accounts.
Axogen reported a strong second quarter with a 25.6% increase in revenue compared to the prior year. The company is progressing with its BLA submission for Avance Nerve Graft and saw positive trends in surgeon adoption of Avive+ Soft Tissue Matrix™.
- Second quarter revenue was $47.9 million, a 25.6% increase compared to the second quarter of 2023.
- Net loss for the quarter was $1.9 million, or $0.04 per share, compared to net loss of $6.7 million, or $0.16 per share in the second quarter of 2023.
- Adjusted net income for the quarter was $2.0 million, or $0.05 per share, compared to adjusted net loss of $1.3 million, or $0.03 per share in the second quarter of 2023.
- The balance of all cash, cash equivalents, and investments on June 30, 2024, was $27.1 million, as compared to a balance of $23.6 million on March 31, 2024
Headline financials
Revenue & EPS history
Axogen · Revenue · Quarterly
$47.9M
Forward guidance
Axogen is increasing its annual revenue guidance to the range of $182 million to $186 million and adjusting gross margin guidance for the full year to be in the range of 74% to 76%. They reiterate that they expect to be net cash flow positive cumulatively for the period from April 1st through year end.
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 2024
+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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