Axogen Income Statement Research
| AXGN Stock | USD 6.97 0.11 1.60% |
Axogen |
Most accounts from Axogen's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Axogen Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Axogen Valuation and Axogen Correlation analysis. At this time, Axogen's Total Operating Expenses is very stable compared to the past year. As of the 23rd of April 2024, Selling General Administrative is likely to grow to about 36.7 M, though Operating Income is likely to grow to (20.4 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.4M | 624K | 8.1M | 8.5M | Depreciation And Amortization | 4.5M | 4.6M | 5.6M | 5.8M |
Axogen income statement Correlations
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Axogen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axogen income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 40K | 1.1M | 1.4M | 624K | 8.1M | 8.5M | |
| Total Revenue | 106.7M | 112.3M | 127.4M | 138.6M | 159.0M | 167.0M | |
| Gross Profit | 89.4M | 90.7M | 104.4M | 114.4M | 127.9M | 134.3M | |
| Operating Income | (31.4M) | (23.2M) | (25.4M) | (29.7M) | (21.5M) | (20.4M) | |
| Ebit | (31.4M) | (23.2M) | (25.4M) | (29.7M) | (21.5M) | (20.4M) | |
| Ebitda | (26.2M) | (19.8M) | (21.0M) | (25.1M) | (15.9M) | (15.1M) | |
| Cost Of Revenue | 17.3M | 21.6M | 22.9M | 24.1M | 31.1M | 32.7M | |
| Income Before Tax | (29.1M) | (23.8M) | (27.0M) | (28.9M) | (21.7M) | (20.6M) | |
| Net Income | (29.1M) | (24.8M) | (28.1M) | (27.3M) | (21.7M) | (20.6M) | |
| Income Tax Expense | (13K) | 1.0M | 1.1M | (1.6M) | (1.9M) | (1.8M) | |
| Research Development | 17.5M | 17.8M | 24.2M | 27.2M | 28.3M | 29.7M | |
| Net Interest Income | (40K) | (1.1M) | (1.4M) | (624K) | (952K) | (999.6K) |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Axogen in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Axogen's short interest history, or implied volatility extrapolated from Axogen options trading.
Pair Trading with Axogen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Axogen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Axogen will appreciate offsetting losses from the drop in the long position's value.Moving together with Axogen Stock
| 0.92 | DH | Definitive Healthcare Financial Report 2nd of May 2024 | PairCorr |
| 0.68 | GH | Guardant Health Financial Report 14th of May 2024 | PairCorr |
Moving against Axogen Stock
| 0.77 | STIM | Neuronetics Financial Report 14th of May 2024 | PairCorr |
| 0.61 | AGTI | Agiliti Sell-off Trend | PairCorr |
| 0.44 | IRIX | IRIDEX Financial Report 9th of May 2024 | PairCorr |
| 0.42 | AIMD | Ainos Inc | PairCorr |
The ability to find closely correlated positions to Axogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axogen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Axogen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Axogen Inc to buy it.
The correlation of Axogen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axogen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Axogen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Axogen Valuation and Axogen Correlation analysis. Note that the Axogen Inc information on this page should be used as a complementary analysis to other Axogen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Axogen Stock analysis
When running Axogen's price analysis, check to measure Axogen's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Axogen is operating at the current time. Most of Axogen's value examination focuses on studying past and present price action to predict the probability of Axogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axogen's price. Additionally, you may evaluate how the addition of Axogen to your portfolios can decrease your overall portfolio volatility.
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Is Axogen's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Axogen. If investors know Axogen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Axogen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.51) | Revenue Per Share 3.708 | Quarterly Revenue Growth 0.187 | Return On Assets (0.07) | Return On Equity (0.22) |
The market value of Axogen Inc is measured differently than its book value, which is the value of Axogen that is recorded on the company's balance sheet. Investors also form their own opinion of Axogen's value that differs from its market value or its book value, called intrinsic value, which is Axogen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Axogen's market value can be influenced by many factors that don't directly affect Axogen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Axogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axogen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.