Strong Start to Fiscal Year 2025
MIMEDX reported a 4% year-over-year increase in net sales for Q1 2025, despite a challenging comparison to Q1 2024, which had an 18% growth.
Surgical Business Growth
The surgical segment grew by 16% with contributions across the portfolio, including an uptick in HELIOGEN sales as adoption gains traction.
Cash Position and Profitability
The company ended the quarter with $106 million in cash, a $2 million increase, and reported an adjusted EBITDA of $17 million, representing 20% of net sales.
AMNIOEFFECT and HELIOGEN Performance
AMNIOEFFECT grew by 22% in Q1, and HELIOGEN, a new xenograft, showed promising sequential growth.