Elutia Q4 revenue rises on higher cardiovascular product sales

Reuters03-12
<a href="https://laohu8.com/S/ELUT">Elutia</a> Q4 revenue rises on higher cardiovascular product sales

Overview

  • Drug-eluting biomatrix maker's Q4 revenue rose 16% yr/yr to $3.3 mln

  • Net income turned positive, driven by $88 mln BioEnvelope business sale to Boston Scientific

  • Company repaid all outstanding debt and ended year with $44.4 mln in cash and escrowed proceeds

Outlook

  • Elutia anticipates FDA clearance for NXT-41 in second half of 2026

  • Company expects full NXT-41x clearance in first half of 2027

Result Drivers

  • PRODUCT MIX - Cardiovascular product sales rose, offsetting a decline in SimpliDerm sales

  • GROSS MARGIN IMPROVEMENT - Gross margin increased due to lower cost of goods sold

Company press release: ID:nGNXF1lsz

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Slight Miss*

$3.27 mln

$3.30 mln (1 Analyst)

Q4 EPS

$1.48

Q4 Net Income

$70.79 mln

Q4 Gross Profit

$1.91 mln

Q4 Operating Expenses

$8.48 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for Elutia Inc is $5.00, about 358.7% above its March 10 closing price of $1.09

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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