ALACHUA, Fla. (AP) — ALACHUA, Fla. (AP) — AxoGen Inc. (AXGN) on Thursday reported a loss of $3.8 million in its first quarter.
The Alachua, Florida-based company said it had a loss of 8 cents per share. Losses, adjusted for stock option expense, came to 2 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The regenerative medicine company posted revenue of $48.6 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $48.3 million.
AxoGen shares have fallen 0.5% since the beginning of the year. The stock has nearly tripled 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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