Strong Revenue Growth and Profitability
Bioventus reported second quarter revenue of $148 million, achieving above-market organic growth of 6%. Adjusted earnings per share increased by 31% to $0.21, with an adjusted EBITDA margin of 23%.
Surgical Solutions and Restorative Therapies Growth
The Surgical Solutions segment delivered strong double-digit growth in ultrasonics, while the Restorative Therapies business, led by Exogen, accelerated to double-digit growth, validating the company's strategic focus and investments.
510(k) Clearance for Pain Treatment Innovations
Bioventus received 510(k) clearance for StimTrial and TalisMann, expanding into the peripheral nerve stimulation market for chronic pain management. This market is expected to grow over 20% annually in the U.S., with a total addressable market of approximately $2 billion.
Improved Cash Flow and Debt Management
The company generated $26 million in cash flow from operations, representing an increase of $11 million from the prior year. It also refinanced its credit facility, lowering the interest rate by 75 basis points and reducing annual debt repayment obligations.
Reaffirmed Financial Guidance
Bioventus reaffirmed its 2025 financial guidance, including 6%-8% organic revenue growth, adjusted EBITDA of $112 million to $116 million, and EPS of $0.64 to $0.68.