AxoGen: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 10:19 AM ET
Last Updated - Aug 08, 2024, 10:19 AM EDT
ALACHUA, Fla. (AP) — ALACHUA, Fla. (AP) — AxoGen Inc. (AXGN) on Thursday reported a loss of $1.9 million in its second quarter.
On a per-share basis, the Alachua, Florida-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense, were 5 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The regenerative medicine company posted revenue of $47.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $43.3 million.
