Revenue Growth and Guidance Increase
Revenue in the second quarter totaled $51.3 million, a growth of 16% over last year. The company raised its revenue guidance to $208 million to $212 million, representing a growth of 25% to 28%.
Improvement in Operating Profitability
Adjusted EBITDA loss for the quarter was $8.5 million, an improvement from the $12.1 million in the first quarter. Cash use fell to $14.5 million from $21.2 million last quarter.
U.S. Market Success
U.S. sales in the second quarter were $10.3 million, exceeding expectations. The company reached 1,000 accounts in the U.S. and expects U.S. revenue to exceed $40 million.
European Market Growth
European direct market sales increased by approximately 27% this quarter, reflecting a new sales record.
Introduction of Preservé
Preservé, an advanced breast enhancement technique, received positive reception from U.S. surgeons, and the company expects it to command a premium.
Awards and Recognition
The Motiva Flora SmoothSilk Tissue Expander won both the Innovation and Safety Awards in the 2025 Medical Device Network Excellence Awards.