Axogen, Inc. Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2019

15. Quarterly Results of Operations (Unaudited)

The following is a summary of the quarterly results of operations for the years ended December 31, 2019 and 2018:


	Quarter
		First		Second		Third		Fourth		Total
2019
Revenues	$	23,285	$	26,701	$	28,564	$	28,162	$	106,712
Gross profit		19,571		22,457		24,054		23,281		89,363
Net loss		(9,504)		(7,022)		(5,571)		(7,038)		(29,135)
Loss per common share - basic and diluted		(0.24)		(0.18)		(0.14)		(0.18)		(0.74)

2018
Revenues	$	17,260	$	20,584	$	22,660	$	23,433	$	83,937
Gross profit		14,547		17,478		19,196		19,793		71,014
Net loss		(5,644)		(7,427)		(4,102)		(5,224)		(22,397)
Loss per common share - basic and diluted		(0.16)		(0.20)		(0.11)		(0.13)		(0.60)