million Advanced XX% quarter consistent begin second Revenue of million of Gary. year-over-year. our the from or compared a million specified, second quarter of $XX.X of growth prior Unless quarter Wound to a XXXX otherwise results. XXXX million was period. second revenue of represented an million the from to you, year-over-year was Advanced financial million $XX.X Care total year XX%. $XX.X all XX% Products revenue with Products an on is the of increase for of I the Revenue $XX.X Care the of Thank increase $XX.X of XXXX, of based the compared with in XXXX Wound for for will second second $XX.X quarter quarter for second Revenue quarter review XXXX, or basis.
Wound The additional Medicine of two XXXX, pass-through Revenue was of the the attributable X, an XX%. the Medicine or of the prior compared growth total products & $X.X October the in of consistent of for reimbursement year in increase adoption $X.X year products, effective quarter Sports & period status personnel, quarter revenue million Care XXXX regaining XX% from for amniotic Revenue second and primarily with was increase our sales for quarter the to Advanced to million, from XXXX XXXX, in PuraPly Surgical Sports products second second represented million of $X.X Surgical revenue period. continued
of revenue and Medicine and existing due The force primarily penetration Surgical was to new sales the expansion increase our in & of accounts. customer Sports the
XXX million had agencies, of PuraPly quarter from we second direct representatives, $XX.X second an of was approximately for products year-end million at XXX XXX%. $XX.X to XX in $XX.X XXXX, year-end. XXX from sales XXXX, up increase from Revenue of XXXX or up June the approximately compared of the and million at As independent quarter XXX
XXXX, gross compared primarily from to XX% approximately XX% profit quarter second the profit and XXXX volume-based revenue an the XXXX. to for quarter revenue in of for or favorable the of second of revenue products of in $XX.X quarter in XXXX. quarter total XX% of million resulted from more margin $XX.X quarter Gross quarter XX%. compared represented of quarter XX% mix of XXXX to compared the million in margin manufacturing increase the second second for second million XXXX a of total was efficiencies. for second of second Gross The the $XX.X improvement product of XXXX, the Revenue was profit PuraPly of
for selling, of million increase second quarter the quarter expenses which was second an primarily operating driven million, expenses administrative by increase of $XX.X the higher in XXXX, XXXX The increased quarter quarter of to and second XXXX million increased expenses for XX%. additional compared general to $XX.X primarily The was of the Operating selling, sales expenses, a second as compared the to of $X.X higher force, the in of hiring XXXX, headcount, marketing or $XX in to due for and quarter second XXXX, our increased million products. sales increase of increase promotional general mainly and million administrative to result in $XX.X our revenue in $XX.X and million an as expenses or of compared direct commissions XX%.
of million second The gross XXXX for was continuing profit, second driven XX% in million expenses to an due quarter to increase of increase The operating a of operating programs. was in million increase to million second loss the decrease for the quarter the offset operating compared $X.X were $X second compared clinical in additional XXXX, or or $X.X the $X.X R&D in operating and increase the million investments of new loss in headcount million, investments loss decrease by XX% quarter XX%. the primarily $X.X in XX%. XXXX of partially was of of quarter in The $XX an second by XXXX, a in XXXX of quarter expenses. and
XXXX, in of of XXXX second the quarter other for million by $X.X $X.XX net, decrease million $X.X for XXXX to expenses, decrease a compared decrease net a million primarily $X.XX or $X was or to Net of were The quarter per the of expense. or in second XX%. XX%. $XX.X million second Total second or of million was per million $X.X the loss XXXX, compared a share interest for of $X.X of driven quarter share decrease $XX million a quarter the loss
for the loss of second $X.X decrease EBITDA second $XX.X XX%. EBITDA the a was quarter adjusted of compared XXXX, million million of million adjusted XXXX loss for to The an or $X.X of
EBITDA of Form X-K We have and of with Securities morning. the results provided our full release our all this filed and adjusted were Form in Commission a XX-Q, which Exchange reconciliation earnings
our six the prior the from attributable first $XX.X XXXX. revenue Wound for to first $XX.X of the and Revenue consistent continued compared million represented to from first The XXXX, an first in $XXX.X XXXX for XX% Revenue was to financial increase products. of Care half million half compared XXXX XX%. $XX for of million with results additional Revenue XXXX, of half and the of was strengthened $XX.X months products for of million first to sales primarily of an the half the amniotic Wound Care products was Care sales or Advanced PuraPly half of personnel, increase for Turning revenue Advanced Wound total growth XX%. increase revenue XXXX, the in our the million adoption of $XXX.X first of of million Advanced year. or
products Medicine half products XX% and sales of & year. of Revenue total increase accounts. first an the $XX of $XX million primarily customer first million revenue new represented to Surgical Surgical the first due increase the in XXXX, from our revenue Revenue of for Surgical our in half Medicine of XX%. expansion & and Sports expansion compared primarily The of The with to to reverend of & & Surgical penetration and was increase of Sports due penetration and new Medicine or $X XXXX, customer of the accounts. million the existing was the consistent of force Medicine sales Sports half was in XXXX the prior existing force from Sports
half PuraPly of from XXXX $XX.X for million $XX.X XXXX, to $XX.X product XX%. of compared to first first of the first of of was gross primarily the the of volume-based XXX%. increase first in profit represented XX% compared for first the compared margin half XXXX for margin was Revenue $XX.X half for Revenue compared improvement $XX.X XXXX half from was of total XX% The in revenue or revenue XXXX XX% XXXX of for Gross first increase of the first products for XXXX, to half million revenue first the half XXXX. million profit of to revenue an half from XXXX. and half of efficiencies. half favorable in of or profit the XX% PuraPly $XX.X a an manufacturing million products more first mix of in of the Gross million the of resulted approximately
compared first to increase or of million $XX.X as the million primarily expenses general XX%. million first The of half driven expenses of Operating increased expenses, in were $XXX.X an in by the and XXXX compared the half half higher in increase which for to operating half $XX.X the was first selling, an first sales hiring of primarily result to of sales headcount, as compared first XXXX XXXX, million in XXXX administrative million force, XXXX, increase for in $XX.X marketing of our The expenses to higher million mainly XX%. the higher half direct revenue to $XX or of promotional expenses increase in is selling, $XX.X and general products. and additional our of a due commissions increased administrative
was $XX.X as million R&D increased XX%. to continuing half the or half half expenses primarily XXXX of new programs. increasing to XX%. million in by for compared was The of the XXXX gross million $XX.X compared an due by operating in or offset XXXX decrease of investment XX%. The to the Net of first partially of of operating million half in first clinical $X.X $X.X operating the XXXX, leverage for operating was a driven in to XXXX, headcount, first half of was profit of decrease loss and strong operating an loss first $XX first loss million XX%, increase the expenses million increase additional for $X.X
the increase unamortized Total for $X.X for of interest discount prepayment half $X.X Bank our X%. of first a $X.X XXXX. our in other were finance an related primarily to of lease compared of Valley expenses extinguishment million million of to upon of $X.X The the by decrease $X.X debt driven financing was million the write-off Silicon in when led the on XXXX, liability net million to we change and of loss repayment agreement debt closed in in decrease in the March part or increase fair new the non-cash penalties a million by first master compared period. year the XXXX prior is of the quarter value – also This of the million warrant of $XXX million and $X.X
million per $XX.X half was loss of $XX.X for XXXX of the of half decrease $X.XX of XXXX, to a $X.XX first or share the per for loss Net Adjusted for a $XX.X first adjusted million XXXX, XX%. the half compared million decrease of net an $XX.X share half first loss the compared or for was EBITDA or EBITDA of first million of to $XX.X of XXXX million loss a XX%. $XX.X million or
to Turning the sheet. balance
As had million cash capital million $XX.X of of and company million $XX and capital June in of $XX.X the debt obligations, cash million in in million obligations, were which December $XX.X to $XX.X lease compared $XX.X obligations million XX, XXXX, were in debt XXXX. in and lease obligations which capital lease
cash in by financing in operating in The the period. for approximately the activities, was of change cash $X.X used during cash by million million June XXXX, activities of million six provided million offset $XX.X net activities XX, used ended of by driven $X.X months and cash investing $XX.X of
a our earnings updated which this to of revenue review XXXX morning. in our we release Turning guidance,
XX expects approximately guidance $XXX range the the growth million, XXXX, company year-over-year. revenue of This $XXX approximately our XX%. million, For at XX% to the of ended total to representing representing and growth of compares of million December XX, $XXX months range million the of $XXX prior now midpoint between
Care compared forecast XXXX. as million ended of growth to XX of products for $XX XXXX. approximately million, $XX.X XX% revenue of XXXX & million months XX, approximately to year-over-year The $XXX.X compared million to products revenue $XXX December as Wound XX revenue XX% to assumes between from ended Sports growth Advanced million, Surgical of from December representing of the XX% Medicine and months year-over-year XX, representing the $XX revenue between million X% Revenue for and $XXX of
$XX.X that from products assumes The of to XXXX XX% the and represent representing of growth compared as million, ended revenue our $XXX XX to between now sale PuraPly year-over-year for XX% revenue December range million approximately of revenue $XXX the guidance XXXX. months million XX, will
the A exchange that XX, holders public offer outstanding company the Class announced in approximately XX.X warrants million stock an common of July exchange This XX The XXXX, warrant XX.X for A stock on million issued every Additionally, approximately all with offer offering. exercisable for X.XXX share of for to public of to the were connection Warrants each Public Class translates common is tendered. shares one initial tendered. for
common which into to of Partners, Capital a planned exchange On stock exchange tendered. offer, July in of exchange an of PIPE ratio million X.X company PIPE XX, the Avista stock Class subject of the exchange of of offer at A for anticipation agreement public are agreed is offer. of acceptance each the warrants or the aggregate exchange Warrants of XXXX, the with tender the an company’s warrant the warrant The of XX% Avista entered company’s an pursuant common more to to X.XXX these that shares exchange Warrants Class A outstanding
shares warrants. of the reduce shares X.XXX to number be upon that as exchange offer the upon with The warrants that by capital that the the substantial potentially exercise and exercise outstanding public the of Directors warrants, shares to the public investors structure. company’s believe thus exchange allowing purpose issuable to would become of public for greater of the company otherwise company’s investors The X holders providing warrant is potential would of reduce public of certainty the can of Board number
are are warrants agreement, approximately all tended pursuant issue if warrants. offer million warrant PIPE the in purposes, and outstanding the public tendered illustrative exchanged shares exchange all outstanding all company For exchange for Warrants X.X would the to
pursuant million and would PIPE terms, all company the shares. their are if warrants approximately exercised issue to Warrants However, XX.X the public
terms to XX, versus retired the all exchange warrants sets would be and the XXXX. of and are the XX.X%. is dilution the the filed of and on that related company exchange to Commission, public expire Holders pursuant to public August exchanged, forth public and Any The will refer the has the acquired canceled. conditions which all PIPE assuming should offer warrants exchange letter X.X% and warrants with be Warrants approximately Securities Thus offer, scheduled materials exchange. Exchange offer
over to that, I will back Gary? Gary. call the turn With
