NASDAQ$ORGO

Organogenesis Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Organogenesis reported strong Q4 2021 financial results, with a 20% increase in net revenue and a 28% increase on an adjusted basis.

Organogenesis Holdings Inc. reported a 20% increase in net revenue for Q4 2021 compared to Q4 2020. Net income also increased significantly, and the company provided financial guidance for fiscal year 2022.

  • Net revenue for Q4 2021 was $128.6 million, a 20% increase year-over-year.
  • Advanced Wound Care products revenue increased by 30% compared to Q4 2020.
  • Net income for Q4 2021 was $51.7 million, compared to $18.3 million in Q4 2020.
  • Adjusted EBITDA for Q4 2021 was $26.3 million, compared to $24.9 million in Q4 2020.

Headline financials

Total Revenue

$129M

Previous: $107M+20.4%
EPS (adj)

$0.40

Previous: $0.16+150.0%
Capital Expenditures

$5.23M

Previous: $8.89M-41.2%
Free Cash Flow

$12.7M

Previous: $17.4M-26.9%
Net Income

$51.7M

Previous: $18.5M+179.5%
Operating Income

$20.5M

Previous: $21.8M-6.0%
Gross Profit

$96M

Previous: $81.3M+18.1%
Cash & Equivalents

$114M

Previous: $84.4M+35.0%
Total Assets

$443M

Previous: $294M+50.5%
Stock-Based Comp

$1.08M

Previous: $497K+117.9%

Revenue & EPS history

Organogenesis · Revenue · Quarterly

$129M

Q4 2021+20.4%vs Q4 2020
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Organogenesis · $121M total across 1 segment · Q4 2021

  • Advanced Wound Care
    $121M+29.7%

Forward guidance

For the year ending December 31, 2022, the Company expects net revenue of between $485 million and $515 million, representing an increase of approximately 4% to 10% year-over-year, and 6% to 13% on an adjusted basis, as compared to net revenue of $468.1 million for the year ended December 31, 2021.

Tailwinds

  • Net revenue of between $485 million and $515 million, representing an increase of approximately 4% to 10% year-over-year, and 6% to 13% on an adjusted basis
  • Net revenue from Advanced Wound Care products of between $455 million and $481 million, representing an increase of approximately 6% to 12% year-over-year
  • Net revenue from the sale of PuraPly products of between $207 million and $217 million, representing an increase of approximately 4% to 9% year-over-year
  • Net income of between $56.5 million and $71.5 million
  • EBITDA of between $73.5 million and $88.9 million

Headwinds

  • Net revenue from Surgical & Sports Medicine products of between $30 million and $34 million, representing a decrease of approximately 9% to 19% year-over-year
  • Changes to reimbursement levels for the Company’s products
  • Significant and continuing competition
  • Rapid technological change could cause the Company’s products to become obsolete
  • COVID-19 pandemic and its impact, if any, on the Company’s fiscal condition and results of operations

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

+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