Elutia reports a GAAP loss of $0.17 per share and $2.4M revenue, both below analyst expectations for Q2.
Elutia posted a Q2 GAAP loss of $0.17 per share, missing estimates by $0.02, as revenue fell 61.9% year-over-year to $2.4M, $0.5M below forecasts.
The company’s adjusted gross margin improved to 70.7% from 62.7% in the prior period, excluding non-cash amortization of intangibles. Revenue decline reflects broader challenges in its market segment.
No immediate market reaction was disclosed in the release.