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Stock impact report

Loss-Making MiMedx Group, Inc. (NASDAQ:MDXG) Set To Breakeven [Yahoo! Finance]

MiMedx Group, Inc (MDXG) 
Last mimedx group, inc earnings: 4/28 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
MiMedx Group, Inc. develops and distributes placental tissue allografts for various sectors of healthcare. The US$763m market-cap company posted a loss in its most recent financial year of US$37m and a latest trailing-twelve-month loss of US$2.5m shrinking the gap between loss and breakeven. The most pressing concern for investors is MiMedx Group's path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. Consensus from 5 of the American Biotechs analysts is that MiMedx Group is on the verge of breakeven. They expect the company to post a final loss in 2022, before turning a profit of US$12m in 2023. Therefore, the company is expected to breakeven roughly a year from now or less! At what rate will the company have to grow in order to realise the consensus estimates forecasting breakeven in under 12 months? Using a line of best fit, we calculated an average annual growt Show less Read more
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