Axogen Q4 EPS $(0.06) Beats $(0.10) Estimate, Sales $42.90M Beat $41.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Axogen (NASDAQ:AXGN) reported Q4 earnings with losses of $(0.06) per share, surpassing the $(0.10) estimate, and sales of $42.90M, exceeding the $41.65M estimate. This represents a 100% increase in losses from the previous year but an 18.51% increase in sales.

March 05, 2024 | 12:10 pm
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Axogen reported better-than-expected Q4 earnings and sales, indicating strong revenue growth despite an increase in losses.
Axogen's Q4 earnings report showing better-than-expected losses and sales growth is likely to be viewed positively by investors. The significant beat on both EPS and sales estimates, coupled with an 18.51% year-over-year sales increase, suggests strong operational performance and market demand for Axogen's offerings. Despite the increase in losses compared to the previous year, the overall positive earnings report could lead to short-term bullish sentiment among investors.
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