__timestamp | MiMedx Group, Inc. | Travere Therapeutics, Inc. |
---|---|---|
Wednesday, January 1, 2014 | 105558000 | 27632226 |
Thursday, January 1, 2015 | 167094000 | 97707000 |
Friday, January 1, 2016 | 212608000 | 129037000 |
Sunday, January 1, 2017 | 285920000 | 151332000 |
Monday, January 1, 2018 | 322725000 | 158719000 |
Tuesday, January 1, 2019 | 256174000 | 170104000 |
Wednesday, January 1, 2020 | 208904000 | 192195000 |
Friday, January 1, 2021 | 215332000 | 220706000 |
Saturday, January 1, 2022 | 219525000 | 204426000 |
Sunday, January 1, 2023 | 266843000 | 133788000 |
Data in motion
In the competitive landscape of biotechnology, understanding financial health is crucial. This analysis compares the gross profit trends of Travere Therapeutics, Inc. and MiMedx Group, Inc. from 2014 to 2023. Over this period, MiMedx Group, Inc. consistently outperformed Travere Therapeutics, Inc., with an average gross profit approximately 52% higher. Notably, MiMedx peaked in 2018, achieving a gross profit of over 320 million, while Travere's highest was in 2021, reaching around 221 million. However, Travere showed a remarkable growth trajectory, increasing its gross profit by nearly 700% from 2014 to 2021. In contrast, MiMedx experienced fluctuations, with a notable dip in 2019. These trends highlight the dynamic nature of the biotech industry, where strategic decisions and market conditions can significantly impact financial outcomes.
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