Elutia Inc
NASDAQ:ELUT

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Elutia Inc
NASDAQ:ELUT
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Price: 0.6432 USD -7.15% Market Closed
Market Cap: 27.5m USD

Elutia Inc
Investor Relations

Aziyo Biologics, Inc. operates as a biotechnology company. The company is headquartered in Silver Spring, Maryland and currently employs 151 full-time employees. The company went IPO on 2020-10-08. The firm is a commercial-stage company that serves two markets with products based on its biomatrix platforms. The company offers a drug-eluting biologic technology: a fusion of natural biologic material and extended antibiotic release, for device implantation and soft tissue reconstruction. Its first product is CanGaroo Envelope, used for the stabilization of implantable cardiac devices, such as pacemakers and defibrillators. Its second product is SimpliDerm Acellular Dermal Matrix, used primarily in breast reconstruction following mastectomy. The company is also engaged in the development of CanGaroo RM, which adds the antibiotics rifampin and minocycline for sustained delivery directly to the surgical site. The Company’s products are used by electrophysiologists and plastic surgeons.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Business Transformation: Elutia completed the $88 million sale of its bioenvelope business to Boston Scientific, validating its technology and significantly strengthening its balance sheet.

Financial Health: The company ended Q3 with $4.7 million in cash, but received $80 million from the asset sale one day after quarter end. After debt and expenses, Elutia now holds about $49 million in cash, funding it through NXT-41 and 41x development and commercialization.

Core Focus: Elutia is now focused on advancing NXT-41x, a next-generation biological matrix with local antibiotic delivery aimed at the $1.5 billion breast reconstruction market with high unmet need.

Product Progression: SimpliDerm, its current product, is building commercial infrastructure and customer relationships that will support an eventual NXT-41x launch.

Quarterly Results: SimpliDerm revenue hit $2.4 million (up 18% QoQ), while cardiovascular product revenue was just under $1.9 million (up 28% QoQ, 68% YoY). Overall sales for continuing ops were $3.3 million.

Margin Improvement: Gross margin rose to 55.8% from 49% a year ago, and operating expenses dropped to $7.1 million from $11 million, narrowing losses.

Litigation Update: The company reduced its legacy FiberCel litigation caseload to just 6 remaining cases, with estimated liability under $1 million.

Key Financials
SimpliDerm Revenue
$2.4 million
Cardiovascular Product Revenue
just under $1.9 million
Total Sales (Continuing Operations)
$3.3 million
Gross Margin
55.8%
Adjusted Gross Margin (ex. amortization)
about 64%
Operating Expenses
$7.1 million
Loss from Operations
$5.2 million
Adjusted EBITDA Loss
$2.7 million
Cash (End of Q3)
$4.7 million
Cash (Post-Transaction, Early October)
about $49 million
FiberCel Litigation Cases Remaining
6
Estimated FiberCel Liability
$700,000
Earnings Call Recording
Other Earnings Calls

Management

Dr. C. Randal Mills Ph.D.
Co-Founder, President & CEO and Director
No Bio Available
Mr. Matthew B. Ferguson
Chief Financial Officer
No Bio Available
Dr. Michelle LeRoux Williams Ph.D.
Chief Scientific Officer
No Bio Available
Ms. Courtney Guyer
Vice President of Marketing
No Bio Available
Dr. Sonali Fonseca Ph.D.
VP & Head of Emerging Businesses
No Bio Available
Mr. Jeffry D. Hamet
Senior VP of Finance, Treasurer & Secretary
No Bio Available

Contacts

Address
MARYLAND
Silver Spring
12510 Prosperity Drive, Suite 370
Contacts
+12402471143
elutia.com