Axogen shares are trading lower after the company reported worse-than-expected Q2 revenue results and maintained FY23 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Axogen reported worse-than-expected Q2 revenue results and maintained its FY23 revenue guidance, causing its shares to trade lower.

August 08, 2023 | 3:49 pm
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NEGATIVE IMPACT
Axogen's shares are trading lower due to worse-than-expected Q2 revenue results. The company's FY23 revenue guidance remains unchanged.
Axogen's lower-than-expected Q2 revenue results have negatively impacted investor sentiment, leading to a drop in the company's share price. The unchanged FY23 revenue guidance suggests that the company does not anticipate significant growth in the near future, which may further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100