Overview
Regenerative medicine firm's Q1 revenue missed expectations as it fell 58% yr/yr, driven by lower wound care sales
Adjusted net loss widened sharply from prior year
Company expects 2026 revenue to decline 45%-52% from prior year
Outlook
Organogenesis sees 2026 net revenue between $270 mln and $310 mln
Company expects sequential revenue improvement in Q2, but at a more measured rate
Organogenesis continues to expect strong sequential revenue growth in H2 2026, but low-end guidance assumes prolonged market headwinds
Result Drivers
ADVANCED WOUND CARE DECLINE - Revenue drop driven by a 63% decrease in Advanced Wound Care product sales
INVENTORY WRITE-DOWNS & RESTRUCTURING - Inventory write-downs due to regulatory changes and restructuring charges contributed to losses
Company press release: ID:nGNX2kjT9W
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net product revenue
Miss
$36.3 mln
$43.30 mln (1 Analyst)
Q1 EPS
-$0.44
Q1 Adjusted Net Income
Miss
-$43.7 mln
-$40.50 mln (1 Analyst)
Q1 Net Income
-$53.2 mln
Q1 Adjusted EBITDA
Miss
-$48.2 mln
-$31.40 mln (1 Analyst)
Q1 Operating Income
-$68.9 mln
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the biotechnology & medical research peer group is "buy."
Wall Street's median 12-month price target for Organogenesis Holdings Inc is $8.00, about 212.5% above its May 6 closing price of $2.56
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)