Revenue and Guidance
Total revenue of $19.1M in Q1 2026, a 3% increase vs $18.5M in Q1 2025. Company reiterated full-year guidance of at least 8% revenue growth over 2025 and provided Q2 2026 revenue guidance of approximately $20M.
International / Europe Breakout
International revenue of $3.7M, up 41% year-over-year, driven entirely by the hernia portfolio. Strong UK performance and NHS value-based procurement selection of OviTex for complex abdominal procedures, with the company citing transferable cost and clinical benefits across EU health systems.
OviTex Unit Growth and Portfolio Strength
OviTex revenue of $12.6M (up from $12.1M) with unit volume growth of 16% YoY (5,800 units vs 5,000). Management highlighted product breadth enabling capture of procedural trends (open, laparoscopic, robotic).
Launch of OviTex LTR (Fully Resorbable Portfolio)
Full U.S. commercial launch of OviTex LTR on April 1, 2026 — positioned as one of the only fully resorbable tissue-based hernia solutions, priced comparably to preserve value proposition; early field feedback reported as overwhelmingly positive.
Commercial Organization Fully Staffed
U.S. commercial organization now fully staffed at expected 2026 levels with the largest field team in company history. Approximately 40% of the field team was hired between Q4 and Q1 and a material portion will reach the 6-month breakeven/inflection point by end of Q2, supporting expected productivity gains in H2.
Adjunct Product Momentum (LiquiFix)
LiquiFix noted as a meaningful addition with greater than 50% year-over-year growth, helping engage new surgeons and expand account penetration.
Growing Clinical Evidence and Thought-Leader Support
New meta-analysis presented at SAGES and additional published evidence reported that OviTex is safe and effective with significantly lower recurrence rates vs competitors; management emphasized influential authors and real-world data reinforcing the value proposition.
Board Refresh with Industry Experience
Board changes announced to add four new directors with deep med-tech and scaling experience, intended to provide strategic guidance for the company’s next phase of commercial execution and path to profitability.
Gross Profit Stability
Gross profit in Q1 2026 was $12.5M, essentially in line with the prior year period, demonstrating underlying cost structure resilience despite mix and inventory effects.