NASDAQ$AXGN
Axogen Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported third quarter results with revenue increase and progress on BLA submission.
Axogen reported a 17.9% increase in revenue to $48.6 million for the third quarter of 2024, with adjusted net income of $3.1 million, or $0.07 per share, and adjusted EBITDA of $6.5 million. The FDA accepted the filing of its Biologics License Application (BLA) for Avance Nerve Graft® under a standard review and assigned a PDUFA goal date of September 5th, 2025.
- Third quarter revenue increased by 17.9% year-over-year to $48.6 million.
- Gross margin decreased to 74.9% compared to 76.8% in the third quarter of 2023.
- Net loss was $1.9 million, or $0.04 per share, an improvement from a net loss of $4.1 million, or $0.10 per share in the same quarter last year.
- Adjusted net income was $3.1 million, or $0.07 per share, compared to an adjusted net loss of $0.7 million, or $0.01 per share in the third quarter of 2023.
Headline financials
Revenue & EPS history
Axogen · Revenue · Quarterly
$48.6M
Forward guidance
Axogen maintains full year revenue guidance in the range of $182 million to $186 million, and now expect to be at the high end of our 74-76% full year gross margin range. Additionally, Axogen reiterate that they expect to be net cash flow positive cumulatively for the period from April 1st through year end.
Tailwinds
- Maintaining full year revenue guidance in the range of $182 million to $186 million
- Expect to be at the high end of our 74-76% full year gross margin range.
- Expect to be net cash flow positive cumulatively for the period from April 1st through year end.
- Topline revenue growth.
- EBITDA growth
Headwinds
- Global supply chain issues
- Hospital staffing issues
- Global business disruption caused by Russia’s invasion of Ukraine and related sanctions
- Recent geopolitical conflicts in the Middle East
- Potential disruptions due to management transitions
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 Q3 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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