NASDAQ$AXGN

Axogen Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Axogen's financial results for Q4 2021 were reported, marked by a slight revenue decrease but improved gross margin, along with strategic business highlights.

Axogen reported a slight decrease in revenue for Q4 2021 compared to the previous year, but showed improvements in gross margin. The company is focused on expanding its core accounts and is looking forward to the results of its RECON study.

  • Net revenue was $31.5 million, a 3% decrease compared to Q4 2020.
  • Gross margin was 82.8% compared to 83.2% in Q4 2020.
  • Adjusted net loss was $3.3 million, or $0.08 per share, consistent with Q4 2020.
  • Cash, cash equivalents, and investments totaled $90.3 million.

Headline financials

Total Revenue

$31.5M

Previous: $32.5M-2.9%
EPS (adj)

-$0.08

Previous: -$0.08+0.0%
Gross Margin

82.8%

Previous: 83.2%-0.5%
Capital Expenditures

$7.17M

Previous: $3M+139.2%
Free Cash Flow

-$8.68M

Previous: -$161K-5293.8%
Net Income

-$5.29M

Previous: -$6M+11.9%
Operating Income

-$5.35M

Previous: -$5.37M+0.4%
Gross Profit

$26.1M

Previous: $27M-3.4%
Cash & Equivalents

$32.8M

Previous: $111M-70.4%
Total Assets

$208M

Previous: $201M+3.3%
Stock-Based Comp

$1.51M

Previous: $2.75M-45.0%

Revenue & EPS history

Axogen · Revenue · Quarterly

$31.5M

Q4 2021-2.9%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Management expects 2022 revenue will be in the range of $135.0 million to $142.0 million. This 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%.

Tailwinds

  • Revenue expected to be in the range of $135.0 million to $142.0 million.
  • Represents approximately 10% to 15% growth over 2021 revenue excluding Avive revenue.
  • Full-year 2022 gross margin is expected to be above 80%.

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 2021

Historical avgQ4 2021

+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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