OverviewSuggest Edit

MiMedx Group a biopharmaceutical company, develops and markets regenerative biologics utilizing human placental tissue allografts with patent-protected processes for various sectors of healthcare. It processes the human placental tissue utilizing its proprietary PURION Process to produce allografts. The Company’s proprietary processing methodology employs aseptic processing techniques in addition to terminal sterilization.

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TypePublic
Founded2008
HQMarietta, US
Websitemimedx.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Feb 2019)690
Revenue (FY, 2016)$245 M(+31%)
Share Price (Nov 2018)$3.7 (-41%)

Key People/Management at MiMedx Group

Parker H. Petit

Parker H. Petit

CEO & Chairman
Frank Burrows

Frank Burrows

Vice President of Corporate Strategy
William C. Taylor

William C. Taylor

President & COO
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MiMedx Group Office Locations

MiMedx Group has an office in Marietta
Marietta, US (HQ)
1775 West Oak Commons Ct. NE
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MiMedx Group Financials and Metrics

MiMedx Group Revenue

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MiMedx Group's revenue was reported to be $245.02 m in FY, 2016 which is a 30.8% increase from the previous period.
USD

Revenue (Q3, 2017)

84.6m

Gross profit (Q3, 2017)

75.0m

Gross profit margin (Q3, 2017), %

88.7%

Net income (Q3, 2017)

17.5m

EBIT (Q3, 2017)

8.8m

Market capitalization (7-Nov-2018)

406.4m

Closing stock price (7-Nov-2018)

3.7

Cash (30-Sep-2017)

36.5m
MiMedx Group's current market capitalization is $406.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

59.2m118.2m187.3m245.0m

Revenue growth, %

100%58%31%

Cost of goods sold

9.3m12.7m20.2m32.4m

Gross profit

49.9m105.6m167.1m212.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

16.1m19.6m25.6m33.5m40.8m45.7m49.0m53.4m57.3m64.4m72.6m76.4m84.6m

Cost of goods sold

2.1m3.0m2.7m3.3m5.1m5.1m5.0m7.9m7.4m8.0m8.7m8.6m9.6m

Gross profit

14.0m16.6m22.8m30.2m35.6m40.6m44.0m45.4m49.9m56.4m63.9m67.8m75.0m

Gross profit Margin, %

87%85%89%90%87%89%90%85%87%88%88%89%89%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

44.1m46.6m28.5m34.4m

Accounts Receivable

16.1m26.7m53.8m67.2m

Inventories

3.9m1.5m7.5m17.8m

Current Assets

65.4m85.7m96.3m126.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

6.1m43.0m39.2m47.3m38.7m38.6m41.1m15.1m23.8m18.3m30.9m47.5m36.5m

Accounts Receivable

13.7m19.0m20.5m23.3m31.0m39.4m46.8m53.9m54.9m63.4m66.8m60.7m59.6m

Inventories

4.5m3.6m4.2m4.7m4.2m3.9m5.7m18.0m17.2m18.3m16.1m15.0m10.4m

Current Assets

25.8m67.9m66.3m77.3m82.3m91.8m102.7m95.2m101.8m106.3m121.9m132.5m114.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(4.1m)6.2m29.4m12.0m

Depreciation and Amortization

1.7m928.0k2.7m5.5m

Inventories

(858.0k)(203.0k)(2.3m)(2.8m)

Accounts Payable

1.2m1.3m3.1m(3.7m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(2.7m)(922.1k)(1.3m)2.4m4.1m9.5m16.1m1.2m3.2m6.5m4.3m12.4m29.9m

Depreciation and Amortization

1.2m494.5k1.0m1.6m233.0k1.2m1.9m1.5m2.8m4.3m1.5m3.1m4.5m

Inventories

(1.5m)241.7k(348.5k)(857.9k)1.3m(520.0k)(264.0k)(2.2m)(3.6m)1.7m2.6m3.7m

Accounts Payable

954.1k128.2k(44.9k)355.3k5.4m2.1m3.7m(4.3m)(5.6m)(3.9m)(379.0k)234.0k478.0k
USDY, 2017

Revenue/Employee

122.6k

Financial Leverage

1.3 x
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MiMedx Group Operating Metrics

FY, 2016

Patent Applications

110

Patents (US)

92
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MiMedx Group Revenue Breakdown

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MiMedx Group revenue breakdown by business segment: 24.9% from Surgical, Sports Medicine & Orthopedics (SSO) and 75.1% from Wound Care

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MiMedx Group Online and Social Media Presence

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MiMedx Group News and Updates

Schubert Jonckheer & Kolbe LLP Launches Investigation into Possible Breaches of Fiduciary Duty by MiMedx Group, Inc.'s Directors and Officers

SAN FRANCISCO, Aug. 1, 2018 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating whether certain directors and officers of MiMedx Group, Inc. ("MiMedx" or the "Company") (NASDAQ:MDXG), a biopharmaceutical company, breached their fiduciary duties by causing the Company to engage ...
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MiMedx Group Blogs

Scott Turner

Scott Turner John.Bissaillo… Thu, 01/31/2019 - 10:34 Scott Turner Senior Vice President, Operations and Procurement Scott Turner, has served as Senior Vice President, Operations and Procurement since April 2017. Mr. Turner oversees supply chain including donor re…

MiMedx Announces Leadership Changes And Promotions

MiMedx Announces Leadership Changes And Promotions Content Import Wed, 12/05/2018 - 08:04 MiMedx Announces Leadership Changes And Promotions December 5, 2018 at 8:02 AM EST This release is a backfill from a News Wire General Deep Mana…

MiMedx Announces Organizational Realignment Program

MiMedx Announces Organizational Realignment Program Content Import Wed, 12/05/2018 - 08:02 MiMedx Announces Organizational Realignment Program December 5, 2018 at 8:00 AM EST This release is a backfill from a News Wire General Plan Wi…

MiMedx Group Company Life and Culture

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MiMedx Group Frequently Asked Questions

  • When was MiMedx Group founded?

    MiMedx Group was founded in 2008.

  • Who are MiMedx Group key executives?

    MiMedx Group's key executives are Parker H. Petit, Frank Burrows and William C. Taylor.

  • How many employees does MiMedx Group have?

    MiMedx Group has 690 employees.

  • What is MiMedx Group revenue?

    Latest MiMedx Group annual revenue is $245 m.

  • What is MiMedx Group revenue per employee?

    Latest MiMedx Group revenue per employee is $355.1 k.

  • Who are MiMedx Group competitors?

    Competitors of MiMedx Group include Synoste, Bonesupport and Fuse Medical.

  • Where is MiMedx Group headquarters?

    MiMedx Group headquarters is located at 1775 West Oak Commons Ct. NE, Marietta.

  • Where are MiMedx Group offices?

    MiMedx Group has an office in Marietta.

  • How many offices does MiMedx Group have?

    MiMedx Group has 1 office.