Strong Revenue Growth
Net revenue increased 19% year-over-year in Q1 2026 (+$4.4M), driven primarily by increased sales of soft tissue repair products including CellerateRX Surgical and BIASURGE.
GAAP Net Profitability Achieved
Broke through to GAAP net income from continuing operations of $0.4 million, or $0.04 per diluted share, compared to a net loss of $0.6 million ($0.07 per diluted share) in Q1 2025.
Margin and Profitability Expansion
Gross profit rose $4.3 million (20%) to $25.9 million and gross margin improved ~100 basis points to 93% of net revenue; operating income increased $1.8 million to $2.6 million.
Adjusted EBITDA Improvement
Adjusted EBITDA increased $1.6 million, or 58%, to $4.3 million in Q1 2026 versus the prior year quarter.
Commercial Footprint and Distribution Expansion
Products are contracted or approved in over 4,000 hospitals and ambulatory surgery centers, sold in over 1,400 facilities (up from >1,300 YoY), and the distribution agreement count grew to >450 from 400 last year.
Sales Force Growth and Market Traction
Sales team expanded to 43 representatives; March marked the strongest sales month in company history (excluding a prior hurricane-related anomaly in Oct 2024).
Confirmed Forward Guidance
Q2 2026 net revenue guidance of $28.5M–$29.5M (10%–14% YoY) and full-year 2026 guidance of $116M–$121M (approx. 13%–17% growth) were reaffirmed.
Improving Capital Allocation and Cash-Flow Discipline
Paid debt service entirely in cash during the quarter (versus prior mix of cash and PIK), cited as a milestone reflecting improved free cash flow generation; capital allocation prioritized organic growth and targeted R&D pipeline investments (e.g., OsStic on track for Q1 2027 market introduction).