MARKET COMPOSITE
TELA - TELA Bio Inc2:58:46 PM 4/25/2024
Price
$4.33
-0.12 (-2.70%)
TELA Bio, Inc., a medical technology company, focuses on the design, development, and marketing of tissue reinforcement materials to address unmet needs in soft tissue reconstruction. The company provides a portfolio of OviTex Reinforced Tissue Matrix (OviTex) products for hernia repair and abdominal wall reconstruction; and OviTex PRS Reinforced Tissue Matrix products to address the unmet needs in plastic and reconstructive surgery, as well as OviTex for Laparoscopic and Robotic Procedures, a sterile reinforced tissue matrix derived from ovine rumen with polypropylene fiber intended to be used in laparoscopic and robotic-assisted hernia surgical repairs. It markets its products through a single direct sales force, principally in the United States. The company was founded in 2012 and is headquartered in Malvern, Pennsylvania.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue17MM+13%
Gross Profit11.6MM+12%
Cost Of Revenue5.3MM+16%
Operating Income-12.3MM+21%
Operating Expenses23.9MM+16%
Net Income-12.9MM+18%
R&D2.7MM+13%
G&A4.1MM+9%
Marketing17.2MM+19%
Interest Expense1.3MM+1%
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