NASDAQ$ORGO

Organogenesis Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and fiscal year 2019.

Organogenesis Holdings Inc. reported a 17% increase in net revenue for Q4 2019, reaching $74.6 million compared to $63.6 million in Q4 2018. The company's net loss decreased to $4.4 million from $9.3 million in the same period last year, and Adjusted EBITDA income was $0.8 million, a significant improvement from the $0.1 million loss in Q4 2018.

  • Net revenue increased by 17% to $74.6 million compared to Q4 2018.
  • Advanced Wound Care products revenue grew by 16% to $63.4 million.
  • Surgical & Sports Medicine products revenue increased by 25% to $11.3 million.
  • Net loss decreased to $4.4 million compared to $9.3 million in Q4 2018.

Headline financials

Total Revenue

$74.6M

Previous: $63.6M+17.4%
EPS (adj)

-$0.04

Previous: -$0.94+95.7%
Capital Expenditures

$3.46M

Previous: $362K+855.2%
Free Cash Flow

-$9.86M

Previous: -$60.4M+83.7%
Net Income

-$4.4M

Previous: -$9.26M+52.5%
Operating Income

-$1.8M

Previous: -$4.48M+59.8%
Gross Profit

$54.3M

Previous: $46.1M+17.8%
Cash & Equivalents

$60.2M

Previous: $21.4M+181.2%
Total Assets

$221M

Previous: $164M+34.8%
Stock-Based Comp

$236K

Previous: $255K-7.5%

Revenue & EPS history

Organogenesis · Revenue · Quarterly

$74.6M

Q4 2019+17.4%vs Q4 2018
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Organogenesis · $74.7M total across 2 segments · Q4 2019

  • Advanced Wound Care
    $63.4M+16.1%
  • Surgical & Sports Medicine
    $11.3M+25.9%

Forward guidance

The company introduced its full-year 2020 revenue guidance, projecting growth in the range of 5% to 6%.

Tailwinds

  • Targeted investments in commercial infrastructure.
  • New product development.
  • Line extensions.
  • Clinical evidence initiatives.
  • Continued success in 2020

Headwinds

  • Transition of PuraPly products to the high cost bundle in the outpatient setting beginning October 1, 2020.
  • Incurred significant losses since inception and anticipates that it will incur substantial losses for the foreseeable future.
  • Faces significant and continuing competition, which could adversely affect its business, results of operations and financial condition.
  • Rapid technological change could cause the Company’s products to become obsolete.
  • Company must convince physicians that its products are safe and effective alternatives to existing treatments.

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

+2.8%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+0.5%

Avg return

30 days after

47%

17 / 36 earnings

Positive

+102.3%

Q4 2024

Best reaction

-42.4%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-6.2%-5.9%
Q4 2025-13.8%-22.4%-38.1%
Q3 2025+44.1%+66.6%+21.9%
Q1 2025-42.4%-43.6%-43.3%
Q4 2024+102.3%+95.8%+46.6%
Q3 2024+26.6%+10.3%+0.9%
Q2 2024+2.0%+6.4%-1.2%
Q1 2024+31.2%+23.2%+19.0%
Q4 2023-16.3%-20.3%-18.6%
Q3 2023+6.8%+22.9%+62.4%
Q2 2023-25.7%-27.0%-31.6%
Q1 2023+29.7%+43.2%+81.1%
Q4 2022+11.0%-2.9%-13.1%
Q3 2022-18.3%-11.5%-17.7%
Q2 2022-25.2%-26.6%-44.0%
Q1 2022+4.6%+9.8%-9.3%
Q4 2021+18.1%+15.6%+2.4%
Q3 2021-6.4%-5.0%-16.1%
Q2 2021+1.9%+2.5%+8.2%
Q1 2021-15.3%-11.3%-28.7%
Q4 2020+3.8%+8.5%+31.4%
Q3 2020+8.2%+5.2%+20.2%
Q2 2020+0.7%+1.5%+3.2%
Q1 2020-9.9%-18.8%+4.2%
Q4 2019-16.2%+11.6%+23.5%
Q3 2019+10.3%+8.8%-36.1%
Q2 2019-4.7%-10.8%+26.5%
Q1 2019-0.4%+1.0%+0.7%
Q4 2018-3.0%-5.3%-16.8%
Q4 2017-3.0%-5.3%-16.8%
Q2 2018+0.3%+0.2%+0.1%
Q1 2018+0.0%+0.4%+0.3%
Q3 2017+0.1%+0.1%-1.0%
Q2 2017+0.0%+0.1%+1.5%
Q1 2017-0.3%-0.3%+0.5%
Q4 2016+0.0%+0.0%+0.0%
Q3 2016
Q2 2016
Q1 2016

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