Overview
TELA Bio Q2 revenue rises 26% yr/yr but misses analyst expectations, per LSEG data
Net loss for Q2 narrows to $9.92 mln from $12.6 mln a year earlier
Co reiterates 2025 revenue growth guidance of 23% to 27% yr/yr
Outlook
Company reiterates 2025 revenue guidance of $85 mln to $88 mln
TELA Bio projects 23% to 27% revenue growth for 2025
Company focuses on enhanced territory management for growth
TELA Bio expands European market presence with new product launch
Result Drivers
PRODUCT DEMAND - Increased demand for OviTex and OviTex PRS products drove revenue growth, per CEO Antony Koblish
NEW CUSTOMERS - Revenue growth attributed to new customer acquisitions and international sales expansion
PRODUCT MIX - Decrease in average selling prices due to shift towards smaller-sized units
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$20.20 mln
$20.70 mln (5 Analysts)
Q2 Net Income
-$9.92 mln
Q2 Basic EPS
-$0.22
Q2 Gross Profit
$14.10 mln
Q2 Income From Operations
-$9.08 mln
Q2 Operating Expenses
$23.19 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
Wall Street's median 12-month price target for TELA Bio Inc is $6.00, about 71.3% above its August 8 closing price of $1.72
Press Release: ID:nGNXbs7zt8
(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.)