MiMedx: Q4 Earnings Snapshot
MARIETTA, Ga. (AP) _ MiMedx Group Inc. (MDXG) on Monday reported fourth-quarter earnings of $618,000.
The Marietta, Georgia-based company said it had net income of 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The developer of biomaterials made from sterilized human amniotic membrane posted revenue of $67.4 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $63.5 million.
For the year, the company reported that its loss narrowed to $16.4 million, or 15 cents per share. Revenue was reported as $258.6 million.