AxoGen Inc. shares plummeted 10.97% in pre-market trading on Tuesday following the release of its fourth-quarter financial results.
The medical technology company reported quarterly earnings of $0.07 per share, which fell short of the analyst consensus estimate of $0.08 per share, representing a miss of 12.5%. While quarterly sales of $59.904 million exceeded the $58.870 million estimate, the earnings disappointment appears to have driven investor sentiment. The company also reported a Q4 net loss of $13.2 million alongside an adjusted EBITDA of $6.5 million.
Concurrently, management provided forward-looking guidance, expecting 2026 revenue growth of at least 18% and anticipating the company will be free cash flow positive for the full year.
Comments