MiMedx Group Earnings: Here’s Why Investors Don’t Like These Results

MiMedx Group Inc (NASDAQ:MDXG) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.98%.

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MiMedx Group Inc Earnings Cheat Sheet


Revenue: Rose 211.59% to $11.56 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $-0.02. It beat the average revenue estimate of $11.34 million.

Quoting Management: Parker H. “Pete” Petit, Chairman and CEO, stated, “We are pleased that our revenue performance exceeded the $11.5 million upper range of our guidance. We increased revenue three fold over the prior year first quarter and continued to produce strong gross profit margins, equaling our fourth quarter of 2012 record gross margins of 84%. We are pleased to report our fifth consecutive quarter of positive Adjusted EBITDA, however, we continue to balance the investments in our sales organization to fuel future revenue growth against near term EBITDA growth.”

Key Stats (on next page)…

Revenue increased 9.99% from $10.51 million in the previous quarter. EPS increased to $-0.02 in the quarter versus EPS of $-0.02 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0 to a loss $0.01. For the current year, the average estimate has moved down from a profit of $0.02 to a loss of $0.01 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)