CollPlant Biotechnologies Q2 2023 Earnings Report

CollPlant Biotechnologies EPS Results

• Actual EPS: $0.49
• Consensus EPS: -$0.34
• Beat/Miss: Beat by +$0.83
• One Year Ago EPS: -$0.39

CollPlant Biotechnologies Revenue Results

• Actual Revenue: $10.18 million
• Expected Revenue: $0.26 million
• Beat/Miss: Beat by +$9.92 million
• YoY Revenue Growth: N/A

CollPlant Biotechnologies Announcement Details

• Quarter: Q2 2023
• Date: 8/24/2023
• Time: Before Market Opens

CollPlant Biotechnologies (NASDAQ:CLGN), a regenerative and aesthetic medicine company, focuses on three-dimensional (3D) bioprinting of tissues and organs, and medical aesthetics in the United States, Canada, Israel, Europe, and internationally. Its products are based on recombinant type I human collagen that is produced with its proprietary plant based genetic engineering technology. The company's products include BioInks for 3D printing of tissues and organs; dermal filler and soft tissue fillers for treating wrinkles; 3D Bioprinted breast implants for regeneration of breast tissue; VergenixSTR, a soft tissue repair matrix intended for the treatment of tendinopathy; and VergenixFG, an advanced wound care product for the treatment of deep surgical incisions and wounds, including diabetic ulcers, venous and pressure ulcers, burns, bedsores, and other chronic wounds; as well as develops injectable breast implants and 3D bioprinted regenerative soft tissue matrix for use in breast reconstruction procedures. It has collaboration agreements with Advanced Regenerative Manufacturing Institute; RegenMed Development Organization; International Society for Biofabrication; AbbVie; and STEMCELL Technologies. The company was formerly known as CollPlant Holdings Ltd. and changed its name to CollPlant Biotechnologies Ltd. in June 2019. The company was founded in 2004 and is headquartered in Rehovot, Israel.