Aug. 5 at 11:06 AM
$AXGN Second Quarter Financial Results
•Second quarter revenue was
$56.7 million, an 18.3% increase compared to the second quarter of 2024, and a 16.7% increase over the first quarter of 2025.
•For the second quarter of 2025, gross margin was 74.2%, up from 73.8% for the second quarter of 2024, and up from 71.9% in the first quarter of 2025.
•Net income for the quarter was
$0.6 million, or
$0.01 per share, compared to a Net loss of
$1.9 million, or
$0.04 per share for the second quarter of 2024.
•Adjusted net income for the quarter was
$5.7 million, or
$0.12 per share, compared to
$2.0 million, or
$0.05 per share, for the second quarter of 2024.
•Adjusted EBITDA was
$9.3 million for the quarter, compared to
$5.6 million for the second quarter of 2024.
•The balance of cash and cash equivalents, restricted cash, and investments at June 30, 2025, was
$35.9 million, as compared to a balance of
$39.5 million at December 31, 2024.
