Strong Revenue Growth
Total revenue for the second quarter of 2025 was $35.4 million, representing an 18% increase compared to the same period in 2024.
Biologics Performance
Biologics revenue grew more than 20% over the second quarter of 2024, driven by new product launches and a sharpened focus on this business segment.
Gross Margin Improvement
Gross margin for Q2 2025 improved to 68.6% from 62.1% in the same period in 2024, driven by favorable sales mix and improved production efficiency.
Positive Net Income and EBITDA
Achieved a net income of $3.5 million or $0.02 per share compared to a net loss of $3.9 million in Q2 2024. Adjusted EBITDA for Q2 2025 was $6.9 million compared to an adjusted EBITDA loss of $0.6 million in Q2 2024.
Full Year Revenue Guidance Raised
Full year 2025 revenue guidance was increased to a range of $131 million to $135 million, representing growth of approximately 11% to 15% over 2024.
Successful New Product Launches
Launched OsteoFactor Pro and Trivium, enhancing the biologics product portfolio and supporting growth in orthobiologic categories.
Sale of Noncore Assets
Entered agreement to sell certain noncore assets for approximately $19.2 million, allowing focus on core biologics platform and debt reduction.