AxoGen Q1 2023 Earnings Report

AxoGen EPS Results

• Actual EPS: -$0.17
• Consensus EPS: -$0.25
• Beat/Miss: Beat by +$0.08
• One Year Ago EPS: N/A

AxoGen Revenue Results

• Actual Revenue: $36.66 million
• Expected Revenue: $35.80 million
• Beat/Miss: Beat by +$860.00 thousand
• YoY Revenue Growth: N/A

AxoGen Announcement Details

• Quarter: Q1 2023
• Date: 5/9/2023
• Time: N/A

AxoGen (NASDAQ:AXGN), together with its subsidiaries, develops and commercializes technologies for peripheral nerve regeneration and repair worldwide. The company's products include Avance Nerve Graft, a biologically active off-the-shelf processed human nerve allograft for bridging severed peripheral nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed peripheral nerves; AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect damaged peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments; and Axoguard HA+ Nerve Protector, a processed porcine submucosa ECM base layer with a hyaluronate-alginate gel coating designed to provide short- and long-term protection for peripheral nerve injuries. Its products also comprise Axoguard Nerve Cap, a porcine submucosa ECM product that is used to protect a peripheral nerve end, as well as separates the nerve from the surrounding environment to reduce the development of symptomatic or painful neuroma; and AxoTouch two-point discriminator, a tool that is used for measuring the innervation density of surface area of the skin. The company provides its products to hospitals, surgery centers, and military hospitals, plastic reconstructive surgeons, orthopedic and plastic hand surgeons, and various oral and maxillofacial surgeons. AxoGen, Inc. is headquartered in Alachua, Florida.