NASDAQ$AXGN

Axogen Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Axogen reported a 20% increase in net sales, reaching $28.1 million, but experienced a widened net loss compared to Q4 2018.

Axogen, Inc. reported solid revenue growth in Q4 2019, with net sales increasing by 20% compared to the same quarter in 2018. However, the company's net loss also increased during the quarter. The company is focused on rebalancing its commercial operation toward extremity trauma.

  • Net sales increased by 20% to $28.1 million.
  • Gross margin was 82.7%, a slight decrease from 84.4% in Q4 2018.
  • Net loss was $7.0 million, or $0.18 per share, compared to a net loss of $5.2 million, or $0.13 per share, in Q4 2018.
  • Active accounts increased by 12% to 797.

Headline financials

Total Revenue

$28.2M

Previous: $23.4M+20.2%
EPS (adj)

-$0.10

Previous: -$0.09-11.1%
Capital Expenditures

$988K

No prior period
Free Cash Flow

-$4.32M

No prior period
Net Income

-$7.04M

No prior period
Operating Income

-$7.42M

No prior period
Gross Profit

$23.3M

No prior period
Cash & Equivalents

$35.7M

No prior period
Total Assets

$155M

No prior period
Stock-Based Comp

$2.92M

No prior period

Revenue & EPS history

Axogen · Revenue · Quarterly

$28.2M

Q4 2019+20.2%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Axogen anticipates 2020 revenue to be in the range of $124 million to $128 million. The company expects gross margin to remain above 80% and operating margin to see moderate improvement year over year. The number of direct sales representatives is expected to increase to between approximately 126 and 131.

Tailwinds

  • 2020 revenue will be in the range of $124 million to $128 million
  • Gross margin is expected to remain above 80%
  • Operating margin will see moderate improvement year over year
  • Direct sales representatives expected to increase to between approximately 126 and 131
  • RECON Study enrollment will be completed by the end of June 2020

Headwinds

  • No specific negative guidance was provided in the text.
  • No specific negative guidance was provided in the text.
  • No specific negative guidance was provided in the text.
  • No specific negative guidance was provided in the text.
  • No specific negative guidance was provided in the text.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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