Home Top Movers This hot news boosted The Organogenesis Holdings Inc. (ORGO) shares in the...

This hot news boosted The Organogenesis Holdings Inc. (ORGO) shares in the early morning trading session

‎The Organogenesis Holdings Inc. (Nasdaq: ORGO) shares were down -0.27% to $7.34 at yesterday’s close. During the day stock price ranged from $7.22 to $7.44 with a volume of 813,817.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now.

Latest highlights


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


The company is a leader in the field of regenerative medicine offering products derived from bioactive and acellular sources, including orthopedics and spine. Today It reported preliminary financial results for the three months ended December 31, 2020, and for the twelve months ended December 31, 2020.

Read More

4th Quarter 2020 Financial Results

For the year ending December 31, 2020, net revenue is projected to increase from $74.6 million to $104.6 million, up between 40% to 42% from the year ending December 31, 2019.

Amounts of between $92.01 million and $93.21 million were generated by Advanced Wound Care products, an increase of between 45 and 47% from a year ago.

Sales of $12.6 million to $12.8 million from Surgical & Sports Medicine products, up between 12 to 14% year-over-year.

Based on the sales of PuraPly products, PuraPly’s net revenue from the period of January to December 2020 may range from $43.8 million to $44.6 million, up 10% to 12% year-over-year.

For the three months ended December 31, 2020, the Company expects to report positive GAAP net income and positive Adjusted EBITDA.

Full Year 2020 Financial Results

Gross sales of between $336.1M and $337.5M for the twelve months ended December 31, 2020, will be 29% higher than net sales of $261M for the same period last year.

More than $33 million of net revenue was achieved from Advanced Wound Care products last year.

Net revenue increased 7% to 8% from $43.1 million to $43.3 million for Surgical and Sports Medicine.

Sales of PuraPly products are expected to reach between $145.8 million and $146.6 million for the 12-month period ended December 31, 2020, increasing 15% to 16% over the prior year.

For the full fiscal year 2020 period, the Company expects to report positive GAAP net income and positive Adjusted EBITDA.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

Following the upbeat results, Company stock surged +37.06% to $10.06 in the premarket session today.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Apple Inc. (AAPL) Stocks dip but future prospects for the company seem very positive

On Thursday, Apple shares (NASDAQ: AAPL) closed at $120.99 which is 3.5% lower. In the after-hours session, the price further declined by 0.2%.  The...

Tesla Inc. (TSLA): a Game of Thrones, Tweets and Bitcoin

Tesla Inc. (NASDAQ: TSLA) shares plunged by more than 8% when the market closed on Thursday. The news that most significantly impacted this plunge...

The Reasons Behind 30% Fall Of Tricida, Inc.’s (TCDA) Shares In Extended Trades

The drugmaker Tricida, Inc.’s (TCDA) shares experienced a fall of -29.62% in the trading after the ring of the bell on Thursday. The South...

Why Chromadex Corp. (CDXC) Remains A Gainer After Ring Of The Bell?

The biotechnology company ChromaDex Corporation (CDXC) continued the rally after ring of the bell on Thursday rising +18.68%. During the regular session price of...

ReTo Eco-Solutions Stock Drops Pre-Market Today: Why?

The manufacturer and distributor of construction material ReTo Eco-Solutions Inc. (NASDAQ: RETO) has been experiencing a fall of more than 10% in pre-market session...

What Took Gabelli Healthcare (GRX) Stock Down 18% In Pre-Market?

The Gabelli Healthcare & Wellness Trust (GRX) is sinking -18.33% in pre-market trading today following the announcement of a cash distribution by the organization...

What’s Hurting Tengasco Inc (TGC) Stock? Why Is It Down 26% Pre-Market?

Stock of oil and gas exploration firm Tengasco, Inc. (NYSE: TGC) is seeing a decline in pre-market trades today. Shares of the company were...

Apple Inc. (AAPL) Stocks dip but future prospects for the company seem very positive

On Thursday, Apple shares (NASDAQ: AAPL) closed at $120.99 which is 3.5% lower. In the after-hours session, the price further declined by 0.2%.  The...

Related News

Sensus Healthcare, Inc. (SRTS) – Does This 26% Jump In Pre-Market Coincide With The Its Quarterly Results?

Sensus Healthcare, Inc.'s (SRTS) stock is gaining momentum in the pre-market session today following the release of its quarterly results after close of market...

Consumer Portfolio Services (CPSS) Stock Shot Up 16% In Pre-Market For What Reason?

Consumer Portfolio Services, Inc. (CPSS) stock has been surging nearly 16% pre-market today. In the wake of its results release on Tuesday after the...

Sprouts Farmers Market (SFM) stock is soaring in Pre-market? What’s Happening?

Sprouts Farmers Market (SFM), a healthy grocery store in the U.S, is soaring in pre-market trading after facing the decline in yesterday's trading. As...

Creative Realities, Inc. (NASDAQ: CREX) Stock Surged 14% After-Hour. Here Is The Reason

The provider firm of technology and solutions for digital marketing Creative Realities, Inc. (NASDAQ: CREX) saw its share surging 13.93% in extended trading yesterday...

SilverSun (NASDAQ:SSNT) Is Rising In Early Deals Today- Here Is The Reason

SilverSun Technologies, Inc. (NASDAQ:SSNT) risen by 12% in early trades today following announcement of an acquisition deal to buy a leading Indianapolis-based reseller of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.