ORGO
Organogenesis Holdings Inc.5.17
+0.34+7.04%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
656.14MP/E (TTM)
-Basic EPS (TTM)
-0.08Dividend Yield
0%Recent Filings
8-K
Credit waiver, Q2 revenue dips
Organogenesis Holdings amended its credit agreement on August 5, 2025, waiving the fixed charge coverage ratio test for the June 30 quarter while no loans are outstanding, yet requiring new covenant resets by September 30 or halting further credit. Q2 net product revenue fell 23% to $100.8 million, driven by a 25% drop in advanced wound care to $92.7 million, offset by 16% surgical growth; net loss narrowed to $9.4 million. Cash stands at $73.7 million with no debt. Full-year revenue guidance holds flat to 6% growth.
10-Q
Q2 FY2025 results
Organogenesis Holdings posted Q2 revenue of $101M, down 22% y/y from $130M, with advanced wound care dropping 25% to $93M amid Medicare LCD uncertainty, while surgical and sports medicine rose 16% to $8M on stronger buying patterns. Gross margin held at 72% despite the mix shift, but operating loss narrowed to $13M from $14M y/y as R&D costs fell 33% to $10M. Net loss improved to $9M or $0.10 per share on 127M diluted shares, aided by a $2M tax benefit; YTD net loss hit $28M or $0.27 per share. Cash burned $53M in operations to end at $73M, with no debt drawn on its $125M revolver and capex at $7M. A $5M grant offsets Smithfield facility buildout costs. Write-downs on a building held for sale added $2M to expenses. Regulatory flux around CMS rules poses reimbursement risks.
8-K
Annual meeting elects directors
Organogenesis Holdings held its 2025 Annual Meeting on June 23, electing nine directors including Robert Ades and Gary S. Gillheeney, Sr., with strong support amid 34 million broker non-votes. Stockholders approved executive compensation advisory, Nasdaq compliance for Series A Preferred conversion, and RSM US LLP as auditors for fiscal 2025. Re-election of Garrett Lustig by preferred holders bolsters board continuity. Votes sailed through decisively.
10-Q
Q1 FY2025 results
Organogenesis Holdings posted Q1 FY2025 net revenue of $86.7M, down 21% y/y from $110.0M, with Advanced Wound Care dropping 23% to $79.9M amid customer uncertainty over delayed Medicare LCDs, while Surgical & Sports Medicine rose 11% to $6.8M on steadier buying. Gross profit fell 23% to $63.0M, squeezing margins to 72.6% from 73.9% due to product mix shifts, and operating loss widened to $26.7M from $3.9M after a $6.6M write-down on a Canton building held for sale. Diluted EPS came in at -$0.17 on 126.3M shares, matching the net loss attributable to common stockholders of $21.6M after preferred dividends. Cash burned $19.9M in operations, leaving $110.0M on hand plus $125M revolver availability and no debt; free cash flow not disclosed in the 10-Q. Yet revenue rebounded 8% q/q (derived). Upcoming LCDs risk curbing non-covered product use.
8-K
Q1 revenue falls 21%
Organogenesis Holdings reported Q1 2025 net revenue of $86.7 million, down 21% from $110.0 million in Q1 2024, driven by a 23% drop in Advanced Wound Care to $79.9 million while Surgical & Sports Medicine rose 11% to $6.8 million. The company swung to a net loss of $18.8 million from $2.1 million, hit by a $6.6 million write-down on an asset held for sale, yet reaffirmed full-year revenue guidance of $480-$535 million. ReNu's BLA submission stays on track for late 2025. Reimbursement shifts loom large.
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