2022 Q1 Form 10-Q Financial Statement

#000080592822000057 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $31.01M $31.04M
YoY Change -0.1% 27.93%
Cost Of Revenue $5.546M $5.172M
YoY Change 7.23% 7.39%
Gross Profit $25.46M $25.87M
YoY Change -1.56% 33.02%
Gross Profit Margin 82.11% 83.34%
Selling, General & Admin $30.51M $26.34M
YoY Change 15.83% 12.84%
% of Gross Profit 119.81% 101.82%
Research & Development $6.275M $5.748M
YoY Change 9.17% 24.58%
% of Gross Profit 24.65% 22.22%
Depreciation & Amortization $704.0K $772.0K
YoY Change -8.81% 151.47%
% of Gross Profit 2.77% 2.98%
Operating Expenses $36.78M $32.09M
YoY Change 14.64% 14.78%
Operating Profit -$11.32M -$6.220M
YoY Change 81.99% -26.9%
Interest Expense $354.0K $444.0K
YoY Change -20.27% 1332.26%
% of Operating Profit
Other Income/Expense, Net -$155.0K -$440.0K
YoY Change -64.77% -238.8%
Pretax Income -$11.48M -$6.660M
YoY Change 72.3% -18.68%
Income Tax
% Of Pretax Income
Net Earnings -$11.48M -$6.660M
YoY Change 72.3% -18.7%
Net Earnings / Revenue -37.01% -21.46%
Basic Earnings Per Share -$0.27 -$0.16
Diluted Earnings Per Share -$0.27 -$0.16
COMMON SHARES
Basic Shares Outstanding 41.80M shares 40.71M shares
Diluted Shares Outstanding 41.80M shares 40.71M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.42M $90.90M
YoY Change -25.83% 9.52%
Cash & Equivalents $14.56M $39.84M
Short-Term Investments $52.86M $51.10M
Other Short-Term Assets $9.067M $11.00M
YoY Change -17.57% 13.4%
Inventory $17.40M $13.39M
Prepaid Expenses
Receivables $18.59M $19.83M
Other Receivables $0.00 $100.0K
Total Short-Term Assets $112.5M $135.1M
YoY Change -16.77% 12.29%
LONG-TERM ASSETS
Property, Plant & Equipment $82.36M $44.40M
YoY Change 85.52% 121.28%
Goodwill
YoY Change
Intangibles $3.190M $2.328M
YoY Change 37.03%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $85.55M $62.22M
YoY Change 37.49% 153.65%
TOTAL ASSETS
Total Short-Term Assets $112.5M $135.1M
Total Long-Term Assets $85.55M $62.22M
Total Assets $198.0M $197.4M
YoY Change 0.33% 36.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.87M $9.157M
YoY Change 127.93% 27.46%
Accrued Expenses $2.065M $13.10M
YoY Change -84.24% 6.5%
Deferred Revenue $14.00K
YoY Change 0.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.000K $0.00
YoY Change -100.0%
Total Short-Term Liabilities $22.95M $22.27M
YoY Change 3.02% 14.29%
LONG-TERM LIABILITIES
Long-Term Debt $45.04M $32.14M
YoY Change 40.14% 2603.11%
Other Long-Term Liabilities $26.19M $2.000K
YoY Change 1309150.0% -99.83%
Total Long-Term Liabilities $45.04M $32.14M
YoY Change 40.13% 2603.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.95M $22.27M
Total Long-Term Liabilities $45.04M $32.14M
Total Liabilities $94.17M $77.67M
YoY Change 21.26% 275.39%
SHAREHOLDERS EQUITY
Retained Earnings -$242.1M -$210.3M
YoY Change 15.12% 11.83%
Common Stock $346.0M $330.0M
YoY Change 4.83% 5.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $103.9M $119.7M
YoY Change
Total Liabilities & Shareholders Equity $198.0M $197.4M
YoY Change 0.33% 36.23%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$11.48M -$6.660M
YoY Change 72.3% -18.7%
Depreciation, Depletion And Amortization $704.0K $772.0K
YoY Change -8.81% 151.47%
Cash From Operating Activities -$11.05M -$10.82M
YoY Change 2.13% 34.38%
INVESTING ACTIVITIES
Capital Expenditures $5.037M $3.095M
YoY Change 62.75% -38.36%
Acquisitions
YoY Change
Other Investing Activities -$1.624M $4.120M
YoY Change -139.42% -69.91%
Cash From Investing Activities -$7.241M $870.0K
YoY Change -932.3% -89.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $95.00K $517.0K
YoY Change -81.62% -257.62%
NET CHANGE
Cash From Operating Activities -$11.05M -$10.82M
Cash From Investing Activities -$7.241M $870.0K
Cash From Financing Activities $95.00K $517.0K
Net Change In Cash -$18.20M -$9.433M
YoY Change 92.91% -5648.82%
FREE CASH FLOW
Cash From Operating Activities -$11.05M -$10.82M
Capital Expenditures $5.037M $3.095M
Free Cash Flow -$16.09M -$13.92M
YoY Change 15.62% 6.44%

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39007000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55609000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20810000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46176000 USD
CY2021Q1 us-gaap Interest Paid Net
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312000 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1119000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4836000 USD
CY2022Q1 axgn Noncash Right Of Use Assets And Operating Lease Liability
NoncashRightOfUseAssetsAndOperatingLeaseLiability
641000 USD
CY2021Q1 axgn Noncash Right Of Use Assets And Operating Lease Liability
NoncashRightOfUseAssetsAndOperatingLeaseLiability
321000 USD
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
239000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
166000 USD
CY2021Q4 us-gaap Stockholders Equity
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112550000 USD
CY2022Q1 us-gaap Net Income Loss
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-11475000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2678000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
0 USD
CY2022Q1 axgn Stock Issued During Period Value Stock Options Exercised And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueStockOptionsExercisedAndEmployeeStockPurchasePlan
98000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
103851000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
123149000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-6660000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2694000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
0 USD
CY2021Q1 axgn Stock Issued During Period Value Stock Options Exercised And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueStockOptionsExercisedAndEmployeeStockPurchasePlan
521000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
119704000 USD
CY2022Q1 us-gaap Basis Of Accounting
BasisOfAccounting
Basis of Presentation<div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">General</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unless the context otherwise requires, all references in these Notes to “Axogen,” the “Company," “we,” “us” and “our” refer to Axogen, Inc. and its wholly owned subsidiaries Axogen Corporation (“AC”), Axogen Processing Corporation, and Axogen Europe GmbH.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited condensed consolidated financial statements include the accounts of the Company as of March 31, 2022, and December 31, 2021 and for the three months ended March 31, 2022 and 2021. The Company’s condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and therefore, do not include all information and footnotes necessary for a fair presentation of consolidated financial position, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and should be read in conjunction with the audited financial statements of the Company for the year ended December 31, 2021, which are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The interim condensed consolidated financial statements are unaudited and in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of results for the periods presented. Results for interim periods are not necessarily indicative of results for the full year. All intercompany accounts and transactions have been eliminated in consolidation. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The results of operations for the three months ended March 31, 2022, are not necessarily indicative of the results to be expected for the full year due primarily to the impact of the continued uncertainty of general economic conditions that may impact our markets for the remainder of fiscal year 2022. Specifically, there can be no assurances that resurgences of COVID-19 will not affect future results.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reporting results of operations.</span></div>
CY2022Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
14059000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
6251000 USD
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
6251000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14559000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32756000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
6251000 USD
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
6251000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20810000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39007000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11856000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11011000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
851000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
813000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4693000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4869000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
17400000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
16693000 USD
CY2022Q1 us-gaap Inventory Write Down
InventoryWriteDown
459000 USD
CY2021Q1 us-gaap Inventory Write Down
InventoryWriteDown
783000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
110000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
110000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
75272000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
70537000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
8318000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
7614000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
66954000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
62923000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
704000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
772000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3962000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1156000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2806000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3570000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1086000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2484000 USD
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4346000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1156000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3190000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3945000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1086000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2859000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
69000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
47000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
1408000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
1225000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1026
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15406000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15193000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2065000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1825000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20875000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20794000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
36000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
42000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
9000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M6D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1032
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0709
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0723
CY2022Q1 axgn Lessee Operating And Financing Lease Liability To Be Paid Remainder Of Fiscal Year
LesseeOperatingAndFinancingLeaseLiabilityToBePaidRemainderOfFiscalYear
3213000 USD
CY2022Q1 axgn Lessee Operating And Financing Lease Liability To Be Paid Year One
LesseeOperatingAndFinancingLeaseLiabilityToBePaidYearOne
3415000 USD
CY2022Q1 axgn Lessee Operating And Financing Lease Liability To Be Paid Year Two
LesseeOperatingAndFinancingLeaseLiabilityToBePaidYearTwo
3186000 USD
CY2022Q1 axgn Lessee Operating And Financing Lease Liability To Be Paid Year Three
LesseeOperatingAndFinancingLeaseLiabilityToBePaidYearThree
3268000 USD
CY2022Q1 axgn Lessee Operating And Financing Lease Liability To Be Paid Year Four
LesseeOperatingAndFinancingLeaseLiabilityToBePaidYearFour
3276000 USD
CY2022Q1 axgn Lessee Operating And Financing Lease Liability To Be Paid After Year Four
LesseeOperatingAndFinancingLeaseLiabilityToBePaidAfterYearFour
24056000 USD
CY2022Q1 axgn Lessee Operating And Financing Lease Liability To Be Paid
LesseeOperatingAndFinancingLeaseLiabilityToBePaid
40414000 USD
CY2022Q1 axgn Lessee Operating And Financing Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinancingLeaseLiabilityUndiscountedExcessAmount
17463000 USD
CY2022Q1 axgn Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
22951000 USD
CY2022Q1 axgn Operating And Financing Lease Liability Current
OperatingAndFinancingLeaseLiabilityCurrent
2073000 USD
CY2022Q1 axgn Operating And Financing Lease Liability Noncurrent
OperatingAndFinancingLeaseLiabilityNoncurrent
20878000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4959000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5179000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
45041000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
44821000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
219000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
112000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
6251000 USD
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
6251000 USD
CY2022Q1 axgn Share Base Payment Arrangement Number Of Plans
ShareBasePaymentArrangementNumberOfPlans
2 plan
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2678000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2694000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6074
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0215
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
11152000 USD
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M13D
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-11475000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-6660000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41804330 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40705840 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41804330 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40705840 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2019Q1 axgn Threshold Period For Not Filing Response To Complaint
ThresholdPeriodForNotFilingResponseToComplaint
P30D

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