MiMedx Group Inc. reports third-quarter net sales of $114 million, up 35%

Reuters
10/30
MiMedx Group Inc. reports third-quarter net sales of $114 million, up 35%

MiMedx Group Inc. reported net sales of $113.7 million for the third quarter ended September 30, 2025, representing a 35.3% increase compared to $84.1 million in the same period of 2024. Net sales of wound products reached $77.0 million, up 40% from the prior year, while sales of surgical products were $37.0 million, an increase of 26%. Gross profit for the quarter was $95.0 million, a 38.2% rise from $68.7 million in the third quarter of 2024. Selling, general and administrative expenses totaled $69.0 million, up 28.9%. Research and development expenses increased by 26.9% to $3.7 million. Net income from continuing operations for the quarter was $16.7 million, an increase of 112.6% from $7.9 million in the prior year period. GAAP fully diluted earnings per share for the third quarter of 2025 were $0.11, compared to $0.05 in the same period last year. The company's cash balance increased by $23 million to $142 million. For the nine months ended September 30, 2025, MiMedx reported net sales of $300.5 million, up 17.4% from $256.0 million for the same period in 2024. Net income from continuing operations for the nine-month period was $33.4 million, compared to $34.6 million a year earlier.

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. MiMedx Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001376339-25-000103), on October 29, 2025, and is solely responsible for the information contained therein.

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