Axogen Inc - AXGN STOCK NEWS

Axogen, a leader in surgical solutions for peripheral nerve repair, announced that Peter J. Mariani, CFO, will present at the Canaccord Genuity Musculoskeletal Conference on May 20, 2021, at 11:00 a.m. ET. The presentation will be accessible via live webcast on the company’s investor page. Axogen specializes in technologies that aid in the regeneration and repair of peripheral nerves, aiming to restore nerve function and quality of life for patients affected by nerve damage. Its product portfolio includes several innovative solutions such as Avance® Nerve Graft and Axoguard series.

Axogen, Inc. (NASDAQ: AXGN) reported a 28% increase in net revenue for Q1 2021, totaling $31.0 million compared to $24.3 million in Q1 2020. The gross margin improved to 83.3% from 80.1% year-over-year. Despite a net loss of $6.7 million or $0.16 per share, this was an improvement over the previous year’s loss of $8.2 million. The company ended Q1 2021 with $97.2 million in cash and investments. Axogen anticipates full-year 2021 revenue to be between $133 million and $136 million.

Axogen, Inc. (NASDAQ: AXGN) will announce its first quarter 2021 financial results on May 5, 2021, after market close. The company's management will host a conference call and webcast at 4:30 p.m. ET to discuss the results. Interested investors can participate via phone or listen live on Axogen's website. The company focuses on developing innovative surgical solutions for peripheral nerve repair, including products like Avance^® Nerve Graft and Axoguard Nerve Connector^®. These offerings aim to restore nerve function and improve patient quality of life.

Axogen, Inc. (NASDAQ: AXGN) announced the promotion of Peter J. Mariani to Executive Vice President and Chief Financial Officer. Mariani, who has been with Axogen as CFO since 2016, has significantly enhanced the company’s capital structure and operational processes. In this new role, he will also oversee the Quality Assurance team. The company focuses on innovative solutions for peripheral nerve injuries, offering a comprehensive portfolio of products aimed at improving patient outcomes.

Axogen, Inc. (NASDAQ: AXGN) reported a 15% increase in fourth-quarter 2020 net revenue, totaling $32.5 million, up from $28.2 million in Q4 2019. Gross margin improved to 83.2%, while the net loss shrank to $6.0 million, representing a loss of $0.15 per share. Full-year revenue reached $112.3 million, a 5% rise compared to 2019, with a net loss of $23.8 million. Active accounts increased by 12% to 893, signaling growth in customer engagement. The company ended 2020 with $110.8 million in cash and equivalents, demonstrating financial stability amidst pandemic challenges.

Axogen, Inc. (AXGN) announced the completion of pilot phase analysis for its REPOSE clinical study, revealing significant pain reduction for subjects with chronic neuropathic pain. Results showed a mean pain decrease of 69 points at 3 months and 80 points at 12 months on a 100-point scale (p<0.0001). Patients also reported improvements in fatigue, physical function, and sleep disturbances. Enrollment for the comparative phase of the study is expected to complete by Q1 2022. This study aims to evaluate the effectiveness of Axoguard Nerve Cap compared to standard neurectomy treatments.

Axogen (NASDAQ: AXGN) announced its participation in two investor conferences scheduled for February 2021. Karen Zaderej, CEO, will engage in a fireside chat at the BTIG Virtual MedTech Conference on February 18 at 9:00 a.m. ET and at the SVB Leerink Global Healthcare Conference on February 24 at 2:20 p.m. ET. Both discussions will be live-streamed and available for 90 days post-event on Axogen's Investors page. The company specializes in solutions for peripheral nerve regeneration, aiming to restore function and quality of life for affected patients.

Axogen, Inc. (NASDAQ: AXGN) announced it will release its fourth quarter and full-year 2020 financial results on February 22, 2021, after market close. An investment-community conference call will follow at 4:30 p.m. ET, where management will discuss the results. Participation is available via phone or live webcast on the company’s website. Axogen specializes in surgical solutions for peripheral nerve damage, offering products like Avance® Nerve Graft and Axoguard® product line. The company aims to enhance patient recovery and quality of life through innovative nerve repair technologies.

Axogen (AXGN) reported preliminary fourth quarter 2020 revenue of at least $32.4 million, a 15% increase from Q4 2019's $28.2 million. Full-year revenue is projected to be at least $112.2 million, a 5% increase compared to $106.7 million in 2019. The company enhanced its sales team, growing to 111 direct sales representatives and increased active accounts by 12% to 893. Axogen surpassed 50,000 Avance® Nerve Grafts implanted, demonstrating commitment to restoring nerve function despite the pandemic's challenges.