AxoGen: 2Q Earnings Snapshot
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.