NASDAQ$ORGO

Organogenesis Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Organogenesis experienced a decrease in revenue and net income compared to the same quarter last year. The company reported net revenue of $115.5 million and a net income of $7.5 million for the fourth quarter of 2022.

Organogenesis Holdings Inc. reported a decrease in net revenue and net income for the fourth quarter of 2022 compared to the same period in 2021. Net revenue decreased by 10% to $115.5 million, and net income decreased significantly to $7.5 million.

  • Net revenue for Q4 2022 was $115.5 million, a 10% decrease compared to Q4 2021.
  • Net income for Q4 2022 was $7.5 million, a significant decrease from $51.0 million in Q4 2021.
  • Advanced Wound Care products revenue decreased by 10% to $108.8 million.
  • Surgical & Sports Medicine products revenue decreased by 6% to $6.7 million.

Headline financials

Total Revenue

$116M

Previous: $129M-10.1%
EPS (adj)

$0.07

Previous: $0.40-82.5%
Capital Expenditures

$10.7M

Previous: $5.23M+103.9%
Free Cash Flow

-$2.86M

Previous: $12.7M-122.5%
Net Income

$7.5M

Previous: $51.7M-85.5%
Operating Income

$8.7M

Previous: $20.5M-57.6%
Gross Profit

$88.4M

Previous: $96M-7.9%
Cash & Equivalents

$102M

Previous: $114M-10.1%
Total Assets

$449M

Previous: $443M+1.4%
Stock-Based Comp

$1.86M

Previous: $1.08M+71.3%

Revenue & EPS history

Organogenesis · Revenue · Quarterly

$116M

Q4 2022-10.1%vs Q4 2021
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

Organogenesis · $116M total across 2 segments · Q4 2022

  • Advanced Wound Care
    $109M-10.4%
  • Surgical & Sports Medicine
    $6.7M

Forward guidance

For the year ending December 31, 2023, the Company expects net revenue between $450.0 million and $462.0 million.

Tailwinds

  • Net revenue from Surgical & Sports Medicine products between $30.0 million and $34.0 million, an increase of approximately 5% to 19% year-over-year as compared to net revenue of $28.7 million for the year ended December 31, 2022.

Headwinds

  • Net revenue between $450.0 million and $462.0 million, remaining flat to an increase of approximately 2% year-over-year, as compared to net revenue of $450.9 million for the year ended December 31, 2022.
  • Net revenue from Advanced Wound Care products between $420.0 million and $428.0 million, a decrease of 1% to an increase of approximately 1% year-over-year as compared to net revenue of $422.2 million for the year ended December 31, 2022.
  • Net revenue from the sale of PuraPly products between $180.0 million and $200.0 million, representing a decrease of approximately 18% to 26% year-over-year, as compared to net revenue of $242.7 million for the year ended December 31, 2022.

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 2022

Historical avgQ4 2022

+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