NASDAQ$MDXG

Mimedx Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

MiMedx's first quarter performance in 2021 reflected advancements in clinical programs and core business growth.

MiMedx Group, Inc. reported net sales of $60.0 million for Q1 2021, a slight decrease compared to $61.7 million in the prior year. The company is progressing with its late-stage clinical programs and expanding its field personnel.

  • Completed final clinical visits in Phase 3 studies for Plantar Fasciitis and Achilles Tendonitis.
  • Announced completion of clinical effectiveness endpoint visits in a Phase 2B study for Knee Osteoarthritis.
  • Appointed Dirk Stevens as Senior Vice President, Quality Assurance and Regulatory Affairs.
  • Received FDA acceptance for the IND of AmnioFix® Injectable in Chronic Cutaneous Ulcers.

Headline financials

Total Revenue

$60M

Previous: $61.7M-2.9%
EPS (adj)

-$0.09

Previous: -$0.04-125.0%
Capital Expenditures

-$1.94M

Previous: -$1.01M-92.0%
Free Cash Flow

-$10.3M

Previous: -$5.83M-77.0%
Net Income

-$8.38M

Previous: -$4.82M-73.9%
Operating Income

-$6.85M

Previous: -$13.7M+50.1%
Gross Profit

$50.3M

Previous: $51.7M-2.7%
Cash & Equivalents

$84.7M

Previous: $53.5M+58.3%
Total Assets

$191M

Previous: $159M+20.1%
Stock-Based Comp

$3.24M

Previous: $3.35M-3.1%

Revenue & EPS history

Mimedx · Revenue · Quarterly

$60M

Q1 2021-2.9%vs Q1 2020
Beat estimate in 5 of 6 quarters(83%)
ActualEstimate

Forward guidance

MiMedx anticipates that adjusted net sales for 2021 will align with the previous year due to the conclusion of the Enforcement Discretion period on May 31, 2021.

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 Q1 2021

Historical avgQ1 2021

+1.7%

Avg return

Earnings day

+2.9%

Avg return

5 days after

+7.2%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+37.9%

Q1 2023

Best reaction

-23.3%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.1%+6.2%+8.2%
Q4 2025-0.9%-8.8%-28.8%
Q3 2025+2.6%+7.0%-4.3%
Q1 2025-8.1%-3.9%-6.5%
Q4 2024+1.6%+1.1%-5.9%
Q3 2024+17.9%+22.7%+59.2%
Q2 2024-12.0%-17.7%-9.9%
Q1 2024+16.8%+17.7%+13.7%
Q4 2023-2.9%-1.7%-8.3%
Q3 2023+6.7%+10.9%+26.5%
Q2 2023-4.6%-4.2%-8.1%
Q1 2023+37.9%+49.1%+50.4%
Q4 2022-11.4%-6.4%-29.0%
Q3 2022-3.6%+1.3%+12.6%
Q2 2022+8.2%+15.5%+2.3%
Q1 2022+11.1%-8.9%-4.8%
Q4 2021+1.4%-1.6%-4.0%
Q3 2021+18.8%+22.6%+2.5%
Q2 2021-2.5%+1.4%+23.4%
Q1 2021-2.9%-5.0%+2.0%
Q4 2020-15.3%-13.4%+13.8%
Q3 2020+3.4%-8.2%-5.6%
Q2 2020+2.3%+4.2%+14.4%
Q2 2018+8.2%+3.2%+18.2%
Q1 2020+8.2%+3.2%+18.2%
Q4 2018+8.2%+3.2%+18.2%
Q4 2019+8.2%+3.2%+18.2%
Q2 2019+8.2%+3.2%+18.2%
Q1 2018+8.2%+3.2%+18.2%
Q1 2019+8.2%+3.2%+18.2%
Q3 2019+8.2%+3.2%+18.2%
Q4 2017-21.6%-22.1%-14.0%
Q3 2018-1.3%-8.6%-7.0%
Q3 2017+4.1%+8.7%-4.9%
Q2 2017+0.7%+2.1%+5.9%
Q1 2017+8.2%+19.1%+17.5%
Q4 2016-3.9%+3.4%+9.8%
Q3 2016+4.9%+8.0%+19.1%
Q2 2016-0.9%-1.7%-5.6%
Q1 2016-1.4%
Q4 2015-0.4%
Q3 2015-23.3%
Q2 2015-13.5%
Q1 2015+0.9%
Q4 2014+8.7%
Q3 2014+13.2%
Q2 2014+5.5%
Q1 2014-3.8%
Q4 2013+2.2%
Q3 2013-3.5%
Q2 2013+0.8%
Q1 2013-2.2%
Q4 2012+8.5%
Q3 2012+13.5%
Q2 2012-4.8%
Q1 2012+0.0%
Q4 2011+0.0%
Q3 2011-4.2%
Q2 2011-2.5%
Q1 2011-3.7%
Q4 2010+5.8%
Q3 2010+0.0%
Q2 2010-4.8%
Q1 2010+4.2%

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