ALACHUA, Fla. (AP) — ALACHUA, Fla. (AP) — AxoGen Inc. (AXGN) on Wednesday reported third-quarter net income of $708,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Alachua, Florida-based company said it had net income of 1 cent. Earnings, adjusted for stock option expense, came to 12 cents per share.
The regenerative medicine company posted revenue of $60.1 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $57.1 million.
AxoGen expects full-year revenue of $222.8 million.
AxoGen shares have risen nearly 10% since the beginning of the year. The stock has risen 30% in the last 12 months.
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