AxoGen Profits Up 60% in Q3 to $2.31M

Alachua, Fla.-based AxoGen reported third quarter gross profits of $2.31 million, up 60.4 percent from the same period last year. However, the company's operating loss of $2.28 million was also an increase of 11.5 percent compared to 2012's third quarter. The company's operating expenses increased from $3.48 million in 2012 to $4.58 million in 2013.

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