← Axogen, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($14.4m) |
($10.4m)
+27.52%
|
($22.4m)
-114.42%
|
($29.1m)
-30.08%
|
($23.8m)
+18.36%
|
($27.0m)
-13.45%
|
($28.9m)
-7.27%
|
($21.7m)
+24.98%
|
($10.0m)
+54.12%
|
($15.7m)
-57.60%
|
— | |
| Depreciation, Depletion and Amortization | $362k | $488k | $774k | $933k | $1.5m | $2.7m | $2.8m | $4.2m | $6.5m | $6.7m | $9.1m | |
| Amortization of Debt Issuance Costs | $125k | $247k | $81k | — | $232k | — | $891k | $891k | $893k | $891k | — | |
| Amortization of Debt Issuance Costs and Discounts | $875k | $247k | $81k | — | — | $831k | — | — | — | — | — | |
| Amortization of Intangible Assets | $75k | $79k | $77k | $123k | $153k | $202k | $265k | $273k | $267k | $315k | — | |
| Share-based Payment Arrangement, Noncash Expense | $1.4m | $3.6m | $7.6m | $10.3m | $8.5m | $10.9m | $15.6m | $14.4m | $15.9m | $30.1m | $37.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $670k | $0 | $0 | — | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $10.3m | — | $10.9m | — | — | — | — | $37.6m | |
| Goodwill and Intangible Asset Impairment | — | — | — | $104k | $0 | $0 | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($6.3m) | ($2.5m) | ($1.9m) | $2.3m | ($604k) | ($1.6m) | $759k | ($254k) | ($6.7m) | ($7.9m) | — | |
| Other Nonoperating Income (Expense) | ($20k) | ($31k) | — | — | — | — | ($230k) | ($437k) | ($199k) | $167k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $3.3m | $3.2m | $5.1m | $2.1m | $635k | $499k | $4.6m | $2.7m | ($392k) | $2.5m | ($6.1m) | |
| Increase (Decrease) in Inventories | $1.5m | $1.9m | $6.0m | $3.8m | $910k | $7.5m | $3.7m | $6.1m | $10.2m | $9.2m | ($10.5m) | |
| Inventory Write-down | — | — | $1.3m | $1.9m | $2.2m | $3.3m | $1.8m | $1.9m | $7.0m | $4.5m | — | |
| Net Cash Provided by (Used in) Operating Activities | ($11.2m) |
($9.2m)
+17.79%
|
($17.9m)
-93.36%
|
($19.9m)
-11.25%
|
($9.6m)
+51.56%
|
($13.4m)
-39.26%
|
($16.1m)
-19.85%
|
($5.7m)
+64.42%
|
$4.5m
+179.34%
|
$812k
-82.09%
|
$15.0m
+1753.08%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $964k | $1.1m | $6.3m | $4.7m | $21.9m | $27.8m | $20.1m | $13.9m | $3.1m | $3.7m | ($8.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | ($1k) | — | ($3k) | $0 | $0 | ($56k) | $0 | $0 | $18.3m | |
| Payments to Acquire Investments | — | — | $114.7m | $121.1m | $77.8m | $68.7m | $39.2m | $10.2m | $5.8m | $13.7m | ($24.6m) | |
| Unrealized Gain (Loss) on Investments | — | — | $721k | $972k | $47k | ($68k) | $228k | $666k | $155k | $329k | — | |
| Net Cash Provided by (Used in) Investing Activities | ($1.2m) | ($1.3m) | ($98.2m) | $27.3m | ($17.0m) | ($23.6m) | ($3.2m) | $19.3m | ($10.3m) | ($5.3m) | ($15.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $2.4m | $21k | $22.5m | — | $0 | — | — | — | — | — | ($48.6m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | ($2.2m) | — | $0 | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $35.0m | $15.0m | $0 | $0 | — | — | $0 | |
| Proceeds from Issuance of Common Stock | $18.7m | $15.7m | $133.0m | — | $3.5m | $0 | $0 | — | — | — | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $16.5m |
$17.0m
+3.17%
|
$109.8m
+545.29%
|
$4.0m
-96.33%
|
$40.5m
+904.07%
|
$20.5m
-49.47%
|
$1.8m
-91.23%
|
$2.0m
+8.92%
|
$2.3m
+17.20%
|
$10.5m
+358.47%
|
$70.7m
+573.04%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($6.2m) | $11.4m | $13.9m | ($16.6m) | ($17.5m) | $15.5m | ($3.5m) | $6.0m | $96.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4.1m | $6.5m | $30.3m | $41.7m | $55.6m | $39.0m | $21.5m | $37.0m | $33.6m | $39.5m | $96.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $1.1m | $1.4m | $3.9m | $4.0m | $3.3m | $5.5m | $1.8m | $2.0m | $2.3m | $10.5m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $5.8m | $2.2m | $1.3m | $34k | $822k | $495k | $0 | $1.9m | $7.3m | $6.8m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | ($117k) | ($28k) | $1.0m | $1.5m | $587k | ($1.5m) | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | ($117k) | ($28k) | — | — | — | — | — | |
| General and Administrative Expense | $10.1m | $14.7m | $23.1m | $31.3m | $26.4m | $32.3m | $36.8m | $34.9m | $39.0m | $44.6m | — | |
| Income Tax Expense (Benefit) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $8.2m | $7.7m | — |