By Chris Wack and Katherine Hamilton
Axogen shares jumped after the company swung to a profit and raised its full-year outlook.
Axogen shares were up 25% at $22.65, at one point reaching a 52-week high of $22.95. The stock has gained 62% in the past 12 months.
The provider of surgical services for nerve repair on Wednesday posted a profit of $708 million, or 1 cent a share, compared with a loss of $1.86 billion, or 4 cents a share, the year before. Analysts polled by FactSet were looking for a loss of $1.4 million, or 3 cents a share.
Adjusted earnings were 12 cents a share, compared with the 7 cents a share analysts had forecast.
Revenue for the quarter was $60.1 million, up about 24% from last year's $48.6 million. Analysts were expecting $56.9 million.
Axogen said its third-quarter revenue growth was broad-based with double-digit growth in all markets, including extremities, oral maxillofacial and head and neck, and breast.
Axogen now expects 2025 revenue to grow at least 19% to $222.8 million, up from its previous guidance of $219 million. The Alachua, Fla., company also expects to be net cash flow positive for the full year.
Write to Chris Wack at chris.wack@wsj.com and Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 29, 2025 14:04 ET (18:04 GMT)
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