Axogen Expects 2024 Revenue Of $177M-$181M, Up 11%-14%, Versus Consensus Of $179.22M, With Gross Margin Of 76%-79%
Portfolio Pulse from Benzinga Newsdesk
Axogen projects its 2024 revenue to be between $177M and $181M, marking an 11%-14% increase, aligning closely with the consensus estimate of $179.22M. The company also anticipates a gross margin of 76%-79% for the same period.
March 05, 2024 | 12:12 pm
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Axogen expects its 2024 revenue to range from $177M to $181M, indicating an 11%-14% increase, which is in line with the consensus estimate of $179.22M. Additionally, the company forecasts a gross margin of 76%-79%.
Axogen's revenue forecast for 2024 suggests a positive growth trajectory, closely aligning with market expectations. This alignment with consensus estimates, along with the anticipated high gross margin, indicates strong operational efficiency and market confidence, likely leading to a positive short-term impact on the stock price.
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