Axogen, Inc. (AXGN) financial statements (2022 and earlier)

Company profile

Business Address 13631 PROGRESS BLVD.
ALACHUA, FL 32615
State of Incorp. MN
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84,086103,966 116,60536,50730,014
Cash and cash equivalents32,75648,767 24,29436,50730,014
Short-term investments51,33055,199 92,311  
Receivables18,18117,641 15,32111,0658,052
Inventory, net of allowances, customer advances and progress billings16,69312,529 11,9827,3165,459
Inventory16,69312,529 11,9827,3165,459
Prepaid expense1,3593,597    
Other undisclosed current assets6,7307,518 7,045853512
Total current assets:127,049145,251 150,95355,74144,037
Noncurrent Assets
Finance lease, right-of-use asset4264 
Operating lease, right-of-use asset15,19315,614 
Property, plant and equipment62,88138,398 8,0392,1971,494
Intangible assets, net (including goodwill)2,8592,054 1,181937829
Intangible assets, net (excluding goodwill)2,8592,054 1,181937829
Total noncurrent assets:80,97556,130 9,2203,1342,323
TOTAL ASSETS:208,024201,381 160,17358,87546,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,45921,968 12,9988,9527,002
Accounts payable5,9234,597 4,5173,2384,419
Accrued liabilities6,8633,778 2,0041,771 
Employee-related liabilities9,67313,593 6,4773,9432,583
Deferred revenue1414 
Debt917 2873521
Deferred revenue and credits3233
Contract with customer, liability18
Other undisclosed current liabilities1,811832  4,0004,025
Total current liabilities:24,29322,831 13,04413,71911,081
Noncurrent Liabilities
Long-term debt and lease obligation65,61932,027 3519,90520,266
Long-term debt, excluding current maturities44,82132,027 3519,90520,266
Finance lease, liability4  
Operating lease, liability20,794  
Liabilities, other than long-term debt5,5622,500 1126992
Deferred revenue and credits6992
Contract with customer, liability42
Other liabilities 3 70  
Derivative instruments and hedges, liabilities5,5622,497    
Other undisclosed noncurrent liabilities 20,874    
Total noncurrent liabilities:71,18155,401 14719,97420,358
Total liabilities:95,47478,232 13,19133,69331,439
Stockholders' equity
Stockholders' equity attributable to parent112,550123,149 146,98225,18214,921
Common stock417406 389344330
Additional paid in capital342,765326,390 297,319153,168132,475
Accumulated deficit(230,632)(203,647) (150,726)(128,329)(117,884)
Total stockholders' equity:112,550123,149 146,98225,18214,921
TOTAL LIABILITIES AND EQUITY:208,024201,381 160,17358,87546,360

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues127,358112,300 83,93760,42641,108
Cost of revenue
(Cost of Goods and Services Sold)
(22,931)(21,581) (12,923)(9,312)(6,467)
Gross profit:104,42790,719 71,01451,11534,640
Operating expenses(129,843)(113,901) (91,514)(59,066)(42,770)
Operating loss:(25,416)(23,182) (20,500)(7,951)(8,130)
Nonoperating expense(1,569)(604) (1,897)(2,494)(6,281)
Investment income, nonoperating65488 1,525  
Other nonoperating expense(278)(38) (28)(31)(20)
Interest and debt expense(1,356)(1,054) (2,186)(2,217)(5,386)
Net loss:(28,341)(24,840) (24,583)(12,662)(19,797)
Other undisclosed net income attributable to parent1,3561,054 2,1862,2175,386
Net loss available to common stockholders, diluted:(26,985)(23,786) (22,397)(10,445)(14,411)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(28,341)(24,840) (24,583)(12,662)(19,797)
Comprehensive loss, net of tax, attributable to parent:(28,341)(24,840) (24,583)(12,662)(19,797)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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