ALACHUA, Fla. (AP) — ALACHUA, Fla. (AP) — AxoGen Inc. (AXGN) on Tuesday reported a loss of $19.6 million in its first quarter.
On a per-share basis, the Alachua, Florida-based company said it had a loss of 38 cents. Earnings, adjusted to extinguish debt and for stock option expense, were 7 cents per share.
The regenerative medicine company posted revenue of $61.5 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $58.7 million.
AxoGen expects full-year revenue of $270 million.
AxoGen shares have climbed 20% since the beginning of the year. The stock has more than doubled in the last 12 months.
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