Benzinga | Oct 25, 2021 04:02PM EDT

Aziyo Biologics Sees FY21 Revs ~$11.5M Vs $11.48M Est.

Preliminary Third Quarter Revenue Results

Aziyo announced preliminary revenue of approximately $11.5 million for the three months ended September 30, 2021, compared to $11.8 million for the three months ended September 30, 2020. These preliminary results are based on management's initial analysis of operations for the quarter ended September 30, 2021.

"Despite some persistent COVID-related headwinds, as well as the impact of the suspension of sales by our FiberCel distribution partner, we saw strength throughout our product portfolio and growing market support of our regenerative medicine products," added Lloyd. "We are very excited about our near-term growth drivers, especially progress on our next generation CanGaroo envelope. I'm confident that our diversified product portfolio will continue to allow us to address multiple end markets for patients receiving regenerative medicine."