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OviTex PRS Reinforced Tissue Matrix
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TELA Bio Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-11 20:03
Core Insights - TELA Bio, Inc. reported a significant revenue growth of 26% year-over-year for Q2 2025, reaching $20.2 million, driven by increased unit sales and new customer acquisitions [4][9] - The company is at a pivotal point with a strong product portfolio and leadership changes aimed at optimizing sales and market access [3][9] - TELA Bio reiterated its full-year revenue guidance of $85.0 million to $88.0 million, indicating a projected growth of 23% to 27% compared to 2024 [10][9] Financial Performance - Revenue for Q2 2025 was $20.2 million, a 26% increase from $16.1 million in Q2 2024, with a sequential growth of 9% from Q1 2025 [4][9] - Gross profit was $14.1 million, representing a gross margin of 69.8%, up from 68.8% in the same quarter of the previous year [5] - Operating expenses increased to $23.2 million in Q2 2025 from $22.6 million in Q2 2024, primarily due to higher commission costs and professional fees [6] Loss and Cash Position - Loss from operations decreased to $9.1 million in Q2 2025 from $11.6 million in Q2 2024, while net loss improved to $9.9 million from $12.6 million [7] - As of June 30, 2025, cash and cash equivalents totaled $35.0 million, down from $52.7 million at the end of 2024 [7][15] Product and Market Developments - The company experienced increased demand for its OviTex® and OviTex PRS products, with year-over-year revenue growth of approximately 12% and 53%, respectively [9] - TELA Bio announced the European commercial launch of OviTex Inguinal for robotic and laparoscopic hernia repair, expanding its market presence [9]
TELA Bio Announces U.S. Commercial Launch of Larger Sizes of OviTex® PRS for Plastic and Reconstructive Surgery
Newsfilter· 2025-03-31 11:00
Core Insights - TELA Bio, Inc. has launched larger sizes of the OviTex PRS Reinforced Tissue Matrix, specifically designed for plastic and reconstructive surgery, enhancing its product offerings in the market [1][3] - The new sizes include a 25 x 30 cm oval and a 25 cm diameter circle, which may simplify complex surgical procedures by reducing the need for multiple smaller pieces [2][3] - Since its launch in 2019, TELA Bio has sold nearly 15,000 units of OviTex PRS, with a year-over-year unit sales growth of 31% in 2024, indicating strong market demand [3] Company Overview - TELA Bio, Inc. is a commercial-stage medical technology company focused on soft-tissue reconstruction solutions, aiming to optimize clinical outcomes while preserving the patient's anatomy [4] - The company emphasizes the importance of providing advanced and economically effective solutions that leverage the patient's natural healing response [4] Product Information - OviTex PRS is intended for implantation to reinforce soft tissue in patients requiring repair or reinforcement in plastic and reconstructive surgery, supplied sterile for one-time use [5]