TELA Bio Inc. Reports Q1 2025 Revenue Growth of 12% to $18.5M, Net Loss Widens to $11.3M

Reuters
12小时前
TELA Bio Inc. Reports Q1 2025 Revenue Growth of 12% to $18.5M, Net Loss Widens to $11.<a href="https://laohu8.com/S/MMM">3M</a>

TELA Bio Inc., a company specializing in soft-tissue reconstruction solutions, reported its financial results for the first quarter of 2025. The company achieved revenue of $18.5 million, marking a 12% increase compared to the same period last year and a 5% rise from the fourth quarter of 2024. This growth was driven by increased demand for their OviTex® and OviTex PRS Reinforced Tissue Matrix products, which saw revenue increases of approximately 15% and 2%, respectively, year-over-year. However, TELA Bio reported a net loss of $11.3 million for the first quarter of 2025, a significant increase from the $5.7 million net loss recorded in the same quarter of 2024. Cash and cash equivalents as of March 31, 2025, totaled $42.8 million. The company reiterated its full-year 2025 revenue guidance, projecting a range of $85.0 million to $88.0 million, which would represent a 23% to 27% growth over the full year 2024. Operating expenses for 2025 are expected to remain flat compared to 2024. A notable development in the company's operations is the full U.S. commercial launch of larger-sized OviTex PRS, aimed at simplifying complex plastic and reconstructive procedures.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TELA Bio Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9447736-en) on May 08, 2025, and is solely responsible for the information contained therein.

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