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AxoGen: 2Q Earnings Snapshot

August 1, 2018

ALACHUA, Fla. (AP) _ AxoGen Inc. (AXGN) on Wednesday reported a loss of $7.4 million in its second quarter.

On a per-share basis, the Alachua, Florida-based company said it had a loss of 20 cents. Losses, adjusted to extinguish debt and for stock option expense, were 9 cents per share.

The regenerative medicine company posted revenue of $20.6 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $21.1 million.

AxoGen shares have climbed 64 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.30, nearly tripling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXGN at https://www.zacks.com/ap/AXGN

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