Alachua-based AxoGen reports record revenues in second quarter

Transient

Another success story from a Progress Corporate Park tenant.  AxoGen,Inc., a biotechnology company, reported record revenues this quarter. Congratulations to AxoGen! 

Staff Report | The Gainesville Sun

AxoGen reported record revenues of $2.86 million in the second quarter of the year, up 42 percent from $2.01 million in revenues for the second quarter of 2012 as more medical facilities used its products and existing customers used more products.

The Alachua company makes peripheral nerve repair products from human-donated tissue and trades on the Over the Counter Bulletin Board under the symbol AXGN. The stock is only available through brokers registered to deal in OTC securities.

Income for the quarter was reported as a net loss of $3.45 million, or negative $0.31 per share, compared to a net loss of $1.03 million, or $0.09 per share, in the second quarter of 2012.

CEO Karen Zaderej noted in a news release that two key products received regulatory approval in Europe and Canada.

“AxoGen continues to demonstrate that we are well positioned to capture the significant opportunity to provide off-the-shelf treatment options for patients with peripheral nerve injuries, which, we believe, will translate into continued sales growth and positive financial results,” she said.

Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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