Strong Revenue Growth
Revenue in the first quarter of 2025 increased to $48.6 million, up 17.4% compared to last year, driven by continued adoption of Axogen's nerve repair algorithm across target markets.
High-Potential Accounts Performance
The company exceeded its target of generating 66% growth from high-potential accounts, driven by a 24% increase in average account productivity versus a plan of 21%.
Expansion of Commercial Infrastructure
Multiple strategic hires were completed across sales, marketing, and market access teams to strengthen capabilities and capacity.
Progress on BLA for Avance Nerve Graft
The BLA process remains on track with successful clinical trial site inspections and FDA meetings, expecting approval in September for market exclusivity.
Improved Financial Metrics
Net loss reduced to $3.8 million from $6.6 million in the first quarter of 2024, with adjusted EBITDA increasing to $2.9 million from $1 million.