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TELA TELA Bio News Story

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TELA Bio misses Q2 revenue estimates

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$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.)

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