Gross Profit Trends Compared: Travere Therapeutics, Inc. vs MiMedx Group, Inc.

Biotech Giants: Gross Profit Trends from 2014 to 2023

__timestampMiMedx Group, Inc.Travere Therapeutics, Inc.
Wednesday, January 1, 201410555800027632226
Thursday, January 1, 201516709400097707000
Friday, January 1, 2016212608000129037000
Sunday, January 1, 2017285920000151332000
Monday, January 1, 2018322725000158719000
Tuesday, January 1, 2019256174000170104000
Wednesday, January 1, 2020208904000192195000
Friday, January 1, 2021215332000220706000
Saturday, January 1, 2022219525000204426000
Sunday, January 1, 2023266843000133788000
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Data in motion

Gross Profit Trends: A Tale of Two Biotech Companies

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.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025