Record Quarterly Revenue and EBITDA
MiMedx achieved a record quarterly revenue of $99 million, marking a 13% year-over-year growth. The company also reported the highest adjusted EBITDA in its history at $24 million, which is 25% of net sales.
Strong Growth Across Key Segments
Both the Wound and Surgical franchises reported double-digit growth, with the Surgical segment growing by 15% and contributions across the portfolio, including increased sales of HELIOGEN.
Increased Full-Year Revenue Guidance
Due to strong year-to-date performance, MiMedx raised its full-year revenue growth outlook from the high single digits to the low double digits. The full-year adjusted EBITDA margin is expected to be above 20%.
Strategic Product Development and Partnerships
The company is advancing its product pipeline with new offerings like EPIXPRESS and collaborative efforts such as the co-marketing of Vaporox Inc.'s VHT device, enhancing its wound care solutions.