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Monday, January 7, 2019

AxoGen hit on preliminary Q4 results


AxoGen (AXGN -20.8%) is down on more than triple normal volume after its announcement of preliminary Q4 2018 and full-year results.
Q4 revenue was at least $23.4M, up 38% yoy but potentially shy of $24.2M consensus. Full-year revenue was at least $83.9M, also potentially short of $84.6M consensus.
2019 outlook: revenue growth of at least 35%. Gross margin to remain above 80%.
#JPM19

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