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Dec 31, 2024
Axogen Q4 2024 Earnings Report
Axogen's Q4 2024 earnings showcased revenue growth and improved profitability.
Key Takeaways
Axogen, Inc. reported a 15.1% increase in fourth-quarter revenue, reaching $49.4 million. The company's net income for the quarter was $0.4 million, or $0.01 per share, compared to a net loss in the same quarter of the previous year. Adjusted EBITDA was $6.7 million, a significant increase from $0.6 million in Q4 2023.
Revenue increased by 15.1% to $49.4 million compared to Q4 2023.
Gross margin improved to 76.1% from 74.6% in the prior year's quarter.
Net income was $0.4 million, or $0.01 per share, a notable turnaround from a net loss in Q4 2023.
Adjusted EBITDA significantly increased to $6.7 million from $0.6 million in the same quarter last year.
Axogen
Axogen
Forward Guidance
Axogen anticipates a revenue growth rate between 15% and 17% for 2025 and projects a gross margin in the range of 73% to 75%. The company also expects to achieve net cash flow positivity for the full year.
Positive Outlook
- Revenue growth expected to be in the range of 15% to 17%.
- Anticipated gross margin in the range of 73% - 75%.
- Expect to be net cash flow positive for the full year.
Challenges Ahead
- Gross margin includes one-time costs related to the anticipated BLA approval, impacting gross margin by approximately 1%.