NASDAQ$ORGO

Organogenesis Holdings Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported financial results for Q4 and Fiscal Year 2020 and introduced fiscal year 2021 guidance.

Organogenesis Holdings Inc. reported a strong fourth quarter with a 43% increase in net revenue compared to the same period last year. Net income increased by $22.9 million, and adjusted EBITDA saw a significant rise of $24.1 million.

  • Net revenue for the fourth quarter of 2020 was $106.8 million, a 43% increase compared to $74.6 million for the fourth quarter of 2019.
  • Advanced Wound Care products revenue increased by 48% to $93.6 million.
  • Surgical & Sports Medicine products revenue increased by 17% to $13.2 million.
  • Net income for the fourth quarter of 2020 was $18.5 million, compared to a net loss of $4.4 million for the fourth quarter of 2019.

Headline financials

Total Revenue

$107M

Previous: $74.6M+43.1%
EPS (adj)

$0.16

Previous: -$0.04+500.0%
Capital Expenditures

$8.89M

Previous: $3.46M+156.9%
Free Cash Flow

$17.4M

Previous: -$9.86M+276.4%
Net Income

$18.5M

Previous: -$4.4M+520.5%
Operating Income

$21.8M

Previous: -$1.8M+1311.1%
Gross Profit

$81.3M

Previous: $54.3M+49.7%
Cash & Equivalents

$84.4M

Previous: $60.2M+40.2%
Total Assets

$294M

Previous: $221M+33.4%
Stock-Based Comp

$497K

Previous: $236K+110.6%

Revenue & EPS history

Organogenesis · Revenue · Quarterly

$107M

Q4 2020+43.1%vs Q4 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Organogenesis · $93.6M total across 1 segment · Q4 2020

  • Advanced Wound Care
    $93.6M+47.7%

Forward guidance

The Company expects net revenue of between $390 million and $405 million for the twelve months ended December 31, 2021, representing an increase of approximately 15% to 20% year-over-year. The company also expects to have positive GAAP net income and Adjusted EBITDA for the full year 2021 period.

Tailwinds

  • Net revenue of between $390 million and $405 million, representing an increase of approximately 15% to 20% year-over-year
  • Net revenue from Advanced Wound Care products of between $362 million and $375 million, representing an increase of approximately 23% to 27% year-over-year
  • GAAP net income positive for the twelve months ended December 31, 2021.
  • Adjusted EBITDA positive for the twelve months ended December 31, 2021.

Headwinds

  • Net revenue from Surgical & Sports Medicine products of between $28 million and $30 million, representing a decrease of approximately 31% to 36% year-over-year
  • Net revenue from the sale of PuraPly products of between $139 million and $147 million, representing a decrease of approximately 0% to 6% year-over-year

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 2020

Historical avgQ4 2020

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro