Axogen Expects FY24 Revenue Of $182M-$186M (Prior $177M-$181M) Vs $178.9M Est
Portfolio Pulse from Benzinga Newsdesk
Axogen has increased its FY24 revenue guidance to $182M-$186M, up from the previous $177M-$181M, and adjusted its gross margin guidance to 74%-76%. The company also expects to be net cash flow positive from April 1st through the end of the year.
August 08, 2024 | 11:10 am
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Axogen has increased its FY24 revenue guidance to $182M-$186M, up from the previous $177M-$181M, and adjusted its gross margin guidance to 74%-76%. The company also expects to be net cash flow positive from April 1st through the end of the year.
The increase in revenue guidance and positive cash flow expectations are strong indicators of financial health and growth potential, likely leading to a positive short-term impact on AXGN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100