Surgical and Sports Medicine Revenue Growth
Net revenue from Surgical and Sports Medicine products for the first quarter was $6.8 million, up 11% year-over-year.
Strong Financial Position
The company had $110.5 million in cash, cash equivalents, and restricted cash with no outstanding debt obligations as of 03/31/2025.
Reaffirmed 2025 Revenue Guidance
The company reaffirmed its net revenue guidance for 2025 of between $480 million and $535 million, representing a year-over-year change in the range of roughly flat to an increase of 11%.
Development and Submission Progress
Organogenesis is on track to submit additional clinical and real-world evidence to CMS and plans to submit a BLA for RENEW by the end of the year.
Expansion of Manufacturing Capabilities
Significant progress in expanding manufacturing capabilities with a new facility in Smithfield, Rhode Island, to support new product introductions and reintroductions.