Positive context积极背景
Stocks股票 / Health Care / AXGN
Axogen Inc · Health Care
AXGN US listed · USD美股 · 美元
Health Care
Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$43.39
+$0.07 · +0.16%
52w low52周低 $15.26high高 $52.93
Neutral — no clear edge中性 — 无明显优势
A normal mid-cycle dip below the 10-day average — the real cycle low isn't due for ~12+ trading days. Wait for support to hold, or for the next low to set up.这是跌破 10 日均线的正常周期中段回调——真正的周期低点要到约 12+ 个交易日后才会到来。等待支撑站稳，或等下一个低点构筑成形。
As of 2026-09-27截至 2026-09-27
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-27
Momentum (RSI 14)动量（RSI 14）
42
Neutral zone中性区域
vs 50-day average相对50日均线
-4.9% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
+12.2% above上方
Long trend up长期向上
Volatility波动率
72th percentile第72百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-11-0438
Beat in 3 of last 4 quarters近 4 季中 3 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 -610.7%
Financials财务数据
fiscal years财年Revenue营业收入
$225.2M2025
20202025
5-yr growth5年复合增速 14.9%
Earnings per share每股收益
$-0.342025
20202025
Free cash flow自由现金流
-$2.9M2025
20202025
Gross margin毛利率
74.3%
Operating margin营业利润率
-3.5%
Net margin净利率
-7.0%
FCF margin自由现金流利润率
0.4%
Balance-sheet quality财务体质 5/9
Return on equity股本回报率 -12%
Warning警示
Leverage杠杆
Current ratio流动比率5.11
Capital allocation资本配置
Stock-based comp股权薪酬$30.1M
Share count change (1y)股数变化（1年）+6.9%
Debt coming due到期债务
FY2012 10-KThe 12-month bucket following fiscal period end 2012-12-31 is not reported. The years below are what the filing did report.文件未披露财年期末 2012-12-31 之后12个月区间的到期金额；下方为其确实披露的年度。
All maturity buckets are measured from fiscal period end 2012-12-31, not from today.所有到期区间均从财年期末 2012-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
not reported未披露
Year 2第2年
not reported未披露
Year 3第3年
$6.8M
Year 4第4年
$9.2M
Year 5第5年
$25.0M
After year 55年以后
$9.0M
Cash reported at 2025-12-31: $35548000.截至 2025-12-31 披露的现金：$35548000。 At the cash-burn pace reported over 2025-01-01 to 2025-12-31, that cash represented about 145.4 months. This scenario excludes debt payments and future financing.按 2025-01-01 至 2025-12-31 期间披露的现金消耗速度，该现金约对应 145.4 个月。此情景不包括债务偿还与未来融资。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001193125-13-103379, period ending报告期截至 2012-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-21T09:31:16.980073+00:00.
4/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths— absentLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo— absentLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0000805928-26-000031 · Filed提交日期 2026-02-24.
Cache acquired缓存获取时间: 2026-09-21T09:31:16.980073+00:00 · Evaluated as of评估截至 2026-09-28.
- Reported operating cash flow已披露经营活动现金流: $812000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $3745000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $-2933000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
AXGN StochRSI turned up from oversoldAXGN StochRSI自超卖区上行
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$1.8M net (0 buyers, 7 sellers)-$1.8M 净值（0 买家，7 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| RTW Investments | B | New position新建仓 | 0.4% | 2026-06-30 |
| Perceptive Advisors | A | trimtrim | 0.2% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
UNCONFIRMED TURN → NEARING A LOW未确认转向 → 接近低点
GET READY. Mixed structure准备。结构混合
Sep 16, 2026
AXGN StochRSI turned up from oversoldAXGN StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $45.44.StochRSI重回20上方 — 下行动量趋缓的最早预警。$45.44。
Sep 11, 2026
NEARING A LOW → UNCONFIRMED TURN接近低点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Sep 11, 2026
AXGN weekly MACD crossed downAXGN 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Sep 10, 2026
BOTTOMING → NEARING A LOW筑底中 → 接近低点
GET READY准备
Sep 10, 2026
AXGN printed a daily-cycle lowAXGN 打出日线周期低点
A confirmed local low — in this cycle framework the highest-odds long-entry window. $41.85.一个已确认的局部低点 — 在本周期框架中做多胜率最高的入场窗口。$41.85。
Sep 1, 2026
UPTREND → BOTTOMING上涨趋势 → 筑底中
BUY SETUP买入预备
Sep 1, 2026
AXGN daily MACD crossed downAXGN 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $49.88.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$49.88。
Aug 31, 2026
NEARING A HIGH → UPTREND接近高点 → 上涨趋势
HOLD持有
Aug 28, 2026
BUY ZONE → NEARING A HIGH买入区 → 接近高点
TAKE PROFITS止盈
Aug 26, 2026
AXGN made a new 52-week highAXGN 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $51.58.价格创出52周新高 — 全市场关注的动量/趋势极值。$51.58。
Showing the last 15 of显示最近15条，共 173 signals条信号
Company profile公司档案
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -1.9% | +1.3% |
| 1 Month近1月 | -15.9% | +0.9% |
| 3 Months近3月 | -3.4% | +6.1% |
| 6 Months近6月 | +38.7% | +22.3% |
| Year to date年初至今 | +40.0% | +13.8% |
| 1 Year近1年 | +156.4% | +18.5% |
Trading information交易信息
Volatility rank波动率分位
72th pctile
EPS (trailing)每股收益
$-0.33
Off 52-week high距52周高点
-16.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $112M | $127M | $139M | $159M | $187M | $225M |
| EPS每股收益 | $-0.60 | $-0.65 | $-0.69 | $-0.51 | $-0.23 | $-0.34 |
| Free cash flow自由现金流 | $-32M | $-41M | $-36M | $-20M | $1M | $-3M |
| Gross margin毛利率 | 80.8% | 82.0% | 82.6% | 80.4% | 75.8% | 74.3% |
| Net margin净利率 | -21.2% | -21.2% | -20.9% | -13.7% | -5.3% | -7.0% |
| FCF margin自由现金流利润率 | -28.1% | -32.4% | -26.1% | -12.3% | 0.8% | -1.3% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$225M
Gross profit毛利润
$167M
Net income净利润
$-16M
Operating cash flow经营现金流
$812,000
Total assets总资产
$222M
Shareholder equity股东权益
$129M
Long-term debt长期负债
$48M
Shares outstanding总股本
0.05B
Returns & growth回报与增长
Return on equity股本回报率
-12.2%
Return on assets资产回报率
-7.1%
Debt / assets负债/资产
21.8%
Asset growth资产增速
+8.8%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Working capital: inventory +238% vs sales +101% — inventory building, demand risk营运资本：存货 +238% 对销售 +101%——存货积压，需求风险
- Pricing power: gross margin −6.5pts over 6 years定价能力：毛利率 6 年下降 6.5 个百分点
- Capital discipline: share count +16.2% over 6 years (dilution)资本纪律：股本 6 年增加 16.2%（稀释）
- Balance sheet: leverage unremarkable资产负债表：杠杆水平一般
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
42
RSI (2-day)RSI（2日）
27
vs 20-day average相对20日均线
-5.5%
vs 50-day average相对50日均线
-4.9%
vs 200-day average相对200日均线
+12.2%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down动能向下
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
63/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $-0.03 | $-0.04 | +25.0% |
| Mar 2026 | $-0.05 | $-0.28 | +82.1% |
| Dec 2025 | $-0.28 | $-0.01 | -2700.0% |
| Sep 2025 | $0.01 | $-0.02 | +150.0% |
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| RTW Investments | B | New position新建仓 | 0.4% | $47M |
| Perceptive Advisors | A | Trimming减持 | 0.2% | $11M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
2
Buying vs selling买入vs卖出
1 : 1
Quarterly trend季度趋势
{'direction': 'accumulating', 'n_quarters': 12, 'holders_first': 1, 'holders_last': 2, 'holders_delta': 1, 'value_change_pct': 1227.7, 'from_period': '2023-09-30', 'to_period': '2026-06-30', 'available_on': '2026-08-15', 'available_on_first': '2023-11-15', 'holders_series': [1, 1, 1, 1, 0, 0, 0, 0, 0, 1, 1, 2]}{'direction': 'accumulating', 'n_quarters': 12, 'holders_first': 1, 'holders_last': 2, 'holders_delta': 1, 'value_change_pct': 1227.7, 'from_period': '2023-09-30', 'to_period': '2026-06-30', 'available_on': '2026-08-15', 'available_on_first': '2023-11-15', 'holders_series': [1, 1, 1, 1, 0, 0, 0, 0, 0, 1, 1, 2]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$1.8M
Insider buyers vs sellers内部人买家vs卖家
0 : 7
Recent fund flows近期基金流向
SPDR S&P Health Care EquipmentSPDR S&P Health Care Equipment
trimming减持
ROBO Global Healthcare Technology & InnovationROBO Global Healthcare Technology & Innovation
trimming减持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。