AXGN
Axogen, Inc.29.35
-0.43-1.44%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Prudent guide, ramps ahead
Q&A framed 2026's at-least-18% revenue guide as prudent, building from a bigger base with elastic but manageable customer models—each quarter must prove out. No explicit BLA growth boost; physicians' reception varied yet reaffirming, payers' formal reviews eyed for 2026 toward 2028 full coverage. Prostate contributes minimally pending signals. Sales force nowhere near full coverage—extremities alone needs 400-600 reps. Margins pressure from Q2 biologic mix, relief in 2027. Disciplined tone signals watch sales productivity, payer wins.
Key Stats
Market Cap
1.35BP/E (TTM)
-Basic EPS (TTM)
-0.05Dividend Yield
0%Recent Filings
10-K
FY2025 results
Axogen's FY2025 10-K lacks financial statements, so revenue, profitability, and quarterly metrics are not disclosed. FDA approved BLA for Avance on December 3, 2025, for sensory nerve gaps ≤25mm, with accelerated approval for larger gaps and mixed/motor nerves pending confirmatory study by 2030; commercial launch expected Q2 2026. R&D spend hit $32.9 million, fueling BLA transition and clinical trials like ongoing Sensation-NOW for breast neurotization. BLA caps competition. Cash grants risk clawback if jobs lag. FDA could tighten Section 361 rules on Avive+.
8-K
Q4 revenue up 21%
Axogen reported Q4 2025 revenue of $59.9M, up 21.3% YoY, and full-year $225.2M, up 20.2%, fueled by broad market growth and FDA BLA approval for Avance® on December 3, 2025. Gross margins dipped to 74.1% from one-time $1.9M BLA costs, yet Adjusted EBITDA held at $6.5M. Revenue soared. Guides 18%+ growth to $265.7M in 2026 with free cash flow positivity.
8-K
Axogen prices $124M stock offering
Axogen priced an upsized public offering of 4 million shares at $31.00, expecting $124 million gross proceeds before fees, closing January 23, 2026. Underwriters hold a 30-day option for 600,000 more shares. A significant portion targets payoff of its $69.7 million credit facility with Oberland Capital by February 15. Debt cleared cleanly.
8-K
Q4 revenue up 21.3%
8-K
Axogen boosts CFO pay, adds non-compete
Axogen amended CFO Lindsey Hartley's compensation on December 3, 2025, boosting her base salary 7% and target bonus from 50% to 60% of base, effective January 1, 2026. This ties to a new Amended Agreement, effective December 5, with a two-year post-employment non-compete. Retention secured. Restricts competing with rivals like Integra LifeSciences.
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