MiMedx Group (MDXG) Misses Q2 EPS by 5c

MiMedx Group (NASDAQ: MDXG) reported Q2 EPS of ($0.11), $0.05 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $66.88 million versus the consensus estimate of $64.35 million.

The Company is maintaining its outlook for 2022, as disclosed in its earnings release for the year ended December 31, 2021, including that it expects net sales of its continuing portfolio of Advanced Wound Care products, which were $240.0 million in 2021, to grow 11% to 14% in 2022. These expectations reflect the Company's plans to launch AMNIOEFFECT and its Placental Collagen Matrix product, AXIOFILL™, in the U.S. in September, as well as the launch of EPIFIX® in Japan later this year.

For earnings history and earnings-related data on MiMedx Group (MDXG) click here.

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