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Collplant Biotechnologies Ltd

collplant.com

What Do They Do?

Develops and sells plant-produced human collagen, bioinks and regenerative products for medical aesthetics, tissue repair and organ research to business partners, collaborators and research customers.

How Do They Make Money?

AbbVie pays milestone amounts when CollPlant reaches development targets under its dermal and soft-tissue filler agreement. The company also sells rhCollagen and collagen-based goods; payment terms generally call for advance payment, though some customers have up to 60 days.

revenue
SegmentShareRevenue
Revenues from licensing agreement
Licensed

84%
Revenues from the Sales of Goods
Sold outright

16%
FY2022: 100%

Who Are Their Customers?

CollPlant sells rhCollagen and bioinks directly to business partners, collaborators and selected customers; VergenixSTR reaches buyers through distributors in Benelux and Poland. Partners are expected to market products developed with CollPlant.

Do Revenues Turn Into Profits?

No. It lost $11.5M in FY2025.

Operating income, FY2025
−484% of revenue
▼ −33% (Loss) vs FY2024 (−$17.3M, −3350%)
Net income, FY2025
−485% of revenue
▼ −31% (Loss) vs FY2024 (−$16.6M, −3225%)
Free cash flow, FY2025
−398% of revenue
▼ −35% (Loss) vs FY2024 (−$14.6M, −2830%)

How Are They Changing?

Shrinking. Revenue fell 85% in 4 years, from $15.6M in FY2021 to $2.4M in FY2025, about 38% a year.

Broader STEMCELL applications Earlier, STEMCELL distributed kits for the regenerative medicine research market; the latest report says the expanded agreement covers clinical development and commercial-scale manufacturing as well.

Revenue over time
Revenues from licensing agreement Revenues from the Sales of Goods Revenues from the rendering of services
$20M$10M$0

Who Do They Compete With?

Competes with Galderma, Merz Aesthetics, Sinclair, AbbVie, Allergan, Establishment Labs Holdings, Mentor Worldwide, BICO, Allevi, Humabiologics, Zimmer Biomet, Harvest Technologies, and Arteriocyte Medical Systems

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