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

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for 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.

Related posts