Axogen inc sees q1 revenue about $24.3 mln

Axogen, inc. reports preliminary revenue for the first quarter 2020, provides business update in response to covid-19 pandemic, and announces dismissal of class action lawsuit.sees q1 2020 revenue about $24.3 million.says implemented plan reducing executive cash compensation and board fees by 20%.says plan includes reducing cash compensation for all other employees by 10% to 15%.says completed employee layoff of approximately 10% of its workforce and implemented a hiring freeze.
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