NASDAQ$TELA

TELA Bio Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

TELA Bio reported its Q4 2024 financial results with modest revenue growth and reduced operating expenses.

TELA Bio delivered a 4% increase in Q4 2024 revenue, supported by higher unit sales, despite facing pressure from lower average selling prices. The company reduced its operating expenses significantly, leading to a narrower net loss compared to the prior year.

  • Q4 2024 revenue reached $17,649,000, up 4% year-over-year.
  • Gross profit for the quarter was $11,221,000 with a 64% gross margin.
  • Net loss improved to $9,208,000 from $12,890,000 in Q4 2023.
  • Operating expenses decreased to $19,575,000, reflecting cost-efficiency efforts.

Headline financials

Total Revenue

$17.6M

Previous: $17M+3.8%
EPS (adj)

-$0.23

Previous: -$0.53+56.6%
Gross Margin

64.0%

Previous: 68.0%-5.9%
Net Income

-$9.21M

Previous: -$12.9M+28.6%
Operating Income

-$8.35M

Previous: -$12.3M+32.1%
Gross Profit

$11.2M

Previous: $11.6M-3.3%

Revenue & EPS history

TELA Bio · Revenue · Quarterly

$17.6M

Q4 2024+3.8%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

TELA Bio expects continued revenue growth and stable operating expenses in 2025, focusing on product adoption and market share expansion.

Tailwinds

  • Full-year 2025 revenue expected between $85 million and $88 million.
  • Launch of OviTex IHR driving adoption in minimally invasive hernia procedures.
  • Continued growth in unit sales volume across product lines.
  • Cost-reduction efforts expected to maintain flat OpEx in 2025.
  • Increased international sales contributing to growth opportunities.

Headwinds

  • Lower average selling prices due to product mix changes.
  • Inventory adjustments affecting gross margin.
  • Q4 revenue shortfall against internal expectations.
  • Market competition and pricing pressures remain a challenge.
  • Dependence on procedural volumes and hospital operations stability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-2.5%

Avg return

Earnings day

-3.7%

Avg return

5 days after

+3.7%

Avg return

30 days after

42%

11 / 26 earnings

Positive

+20.2%

Q1 2024

Best reaction

-37.2%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.3%-18.6%
Q4 2025+1.7%-25.8%-12.0%
Q3 2025-9.3%-2.7%+3.6%
Q1 2025+7.2%-0.1%+90.7%
Q4 2024-37.2%-44.9%-59.1%
Q3 2024+2.0%+3.0%-1.7%
Q2 2024-23.9%-23.4%-35.0%
Q1 2024+20.2%+21.2%+16.7%
Q4 2023+4.0%+0.9%-13.8%
Q3 2023-20.3%-21.7%-4.5%
Q2 2023-4.8%-1.2%-2.8%
Q1 2023-3.6%-4.8%+11.2%
Q4 2022-5.5%-3.7%-11.3%
Q3 2022+13.8%+11.2%+44.7%
Q2 2022-6.5%+5.5%+0.9%
Q1 2022-5.7%-7.0%-31.4%
Q4 2021-4.8%-4.8%-20.4%
Q3 2021-3.8%-3.7%-1.7%
Q2 2021+5.0%+4.4%-8.3%
Q1 2021+3.2%+11.5%+5.9%
Q4 2020-6.6%+0.9%-1.8%
Q3 2020-3.5%-0.8%-3.6%
Q2 2020+5.4%+4.1%+20.7%
Q1 2020-2.4%-3.6%+38.6%
Q4 2019+0.6%-0.4%+34.0%
Q3 2019+13.9%+8.8%+32.6%
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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