Axogen, inc. (AXGN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Royalty and licensing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

Revenues

24,261

28,162

28,564

26,701

23,285

23,433

22,660

20,584

17,260

16,970

16,046

15,168

12,241

11,409

11,205

10,381

8,111

7,808

8,153

6,417

4,951

4,793

4,671

4,214

3,138

2,984

2,957

2,862

2,142

2,044

1,980

2,012

1,653

1,361

1,140

1,225

1,121

800

3

Cost of goods sold

4,816

4,881

4,510

4,244

3,714

3,641

3,464

3,106

2,712

2,613

2,504

2,277

1,915

1,829

1,697

1,534

1,405

1,415

1,410

1,039

982

956

896

887

701

596

650

633

560

478

542

501

439

533

1,130

424

338

160

-

Gross profit

19,445

23,281

24,054

22,457

19,571

19,792

19,196

17,478

14,548

14,356

13,541

12,890

10,325

9,579

9,507

8,847

6,706

6,393

6,743

5,377

3,968

3,836

3,775

3,326

2,436

2,388

2,307

2,228

1,582

1,566

1,438

1,510

1,214

828

10

801

782

639

-

Costs and expenses:
Sales and marketing

17,838

18,804

18,245

18,467

16,434

15,469

14,653

14,026

12,469

10,120

9,466

9,438

8,610

8,349

7,090

6,780

6,205

5,831

5,512

4,812

3,932

3,867

3,250

3,354

2,720

3,081

2,757

2,526

1,893

1,976

1,697

1,581

1,628

1,466

1,106

948

856

320

-

Research and development

4,614

4,912

4,181

4,282

4,139

3,807

3,307

2,601

2,058

1,971

1,795

1,521

1,411

1,178

1,118

936

978

893

936

736

671

983

681

555

812

626

593

498

406

373

390

367

296

260

229

101

105

36

-

Salaries, wages and related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

771

-

General and administrative

5,502

6,984

7,740

7,380

9,201

6,372

6,071

5,669

5,012

4,071

3,778

3,377

3,504

2,770

2,481

2,736

2,144

2,319

2,212

1,982

1,908

1,694

1,645

1,713

1,894

1,477

1,233

1,398

1,605

1,447

1,393

1,148

1,230

1,089

1,300

1,203

722

336

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

-

Total costs and expenses

27,954

30,700

30,166

30,129

29,774

25,648

24,031

22,296

19,539

16,163

15,040

14,336

13,525

12,299

10,689

10,453

9,328

9,045

8,661

7,530

6,512

6,545

5,578

5,624

5,428

5,185

4,584

4,423

3,906

3,797

3,481

3,097

3,155

2,817

2,636

2,252

1,684

1,518

-

OPERATING EXPENSES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341

Loss from operations

-8,509

-7,419

-6,112

-7,672

-10,203

-5,856

-4,835

-4,818

-4,991

-1,806

-1,498

-1,445

-3,200

-2,719

-1,181

-1,605

-2,622

-2,651

-1,917

-2,153

-2,543

-2,709

-1,802

-2,297

-2,991

-2,797

-2,276

-2,194

-2,323

-2,231

-2,042

-1,586

-1,941

-1,989

-2,626

-1,451

-901

-878

-338

Other income (expense):
Investment income

311

439

555

654

716

-

727

156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

31

8

7

11

14

3

-6

544

586

577

577

554

507

2,130

1,089

1,163

1,003

927

1,042

1,023

994

2,848

1,380

1,392

1,191

1,313

1,214

1,223

1,067

995

145

125

125

168

318

405

202

193

-

Interest expense - deferred financing costs

-

-

-

-

-

0

-1

21

61

109

46

46

44

779

31

32

30

31

31

31

33

941

55

52

51

32

61

41

44

831

60

59

34

22

169

-27

1,059

10

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-2,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

37

57

-7

6

-3

44

-2

-15

1

5

1

14

9

42

-2

-0

-19

-0

12

17

-3

8

0

0

-5

34

0

1

-2

14

11

5

-8

15

0

-2

-7

0

-

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-181

119

-139

-

Total other income (expense), net

317

382

541

649

699

628

733

-2,610

-648

-692

-625

-614

-561

-2,907

-1,123

-1,196

-1,053

-959

-1,061

-1,037

-1,031

-3,782

-1,435

-1,443

-1,248

-1,311

-1,275

-1,263

-1,113

-1,812

-193

-179

-168

-147

-486

-226

-1,389

-64

-

Loss before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,236

-1,766

-

-

-3,113

-1,677

-

-

-334

INTEREST AND MISCELLANOUS INCOME

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

Income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-736

-

-

-

0

-

-

-104

Net Loss

-8,192

-7,037

-5,571

-7,023

-9,504

-5,228

-4,102

-7,428

-5,639

-2,498

-2,124

-2,060

-3,762

-5,626

-2,305

-2,802

-3,676

-3,611

-2,978

-3,190

-3,575

-6,491

-3,238

-3,741

-4,239

-4,108

-3,552

-3,457

-3,437

-4,042

-2,236

-1,029

-2,109

-2,136

-3,113

-1,677

-2,291

-943

-230

Preferred Stock dividends (assumes all paid)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,305

-329

-322

375

308

-

Net loss available to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,457

-3,437

-

-

-

-2,109

-2,136

-3,443

-2,000

-2,667

-1,252

-

Weighted average common shares outstanding - basic and diluted

39,697

-117,292

39,340

39,174

38,933

-109,554

38,504

36,677

34,521

-99,303

33,286

33,124

33,026

-90,103

30,152

30,079

29,994

30,015

26,841

24,928

22,517

18,575

17,466

17,461

17,383

17,416

14,320

11,137

11,124

11,106

11,104

11,084

11,062

11,044

1,324

1,214

1,205

1,191

-

Loss per common share - basic and diluted

-0.21

-0.18

-0.14

-0.18

-0.24

-0.13

-0.11

-0.20

-0.16

-0.08

-0.06

-0.06

-0.11

-0.18

-0.08

-0.09

-0.12

-0.11

-0.11

-0.13

-0.16

-0.35

-0.19

-0.21

-0.24

-0.21

-0.25

-0.31

-0.31

-0.37

-0.20

-0.09

-0.19

3.69

-2.60

-1.65

-2.21

-1.05

-

Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,305

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,305

Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.05

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.05