Business Description
TELA Bio, Inc., a commercial-stage medical technology company, focuses on providing soft-tissue reconstruction solutions that optimize clinical outcomes by prioritizing the preservation and restoration of the patient’s anatomy. The company provides a portfolio of OviTex Reinforced Tissue Matrix (OviTex) products for hernia repair and abdominal wall reconstruction; and OviTex PRS Reinforced Tissue Matrix products to address the unmet needs in plastic and reconstructive surgery, as well as OviTex for Laparoscopic and Robotic Procedures, a sterile reinforced tissue matrix derived from ovine rumen with polypropylene fiber intended to be used in laparoscopic and robotic-assisted hernia surgical repairs. It markets its products through a single direct sales force, principally in the United States. The company was incorporated in 2012 and is headquartered in Malvern, Pennsylvania.
Business History
Price Overview
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -0.83
Total Equity: $6.31M
Shares: 46,947,932
Total Debt: $55.65M
Cash: $50.85M
EBITDA: -$32.35M
Total Debt: $55.65M
Cash: $50.85M
Revenue: $80.28M
Shares: 46,947,932
Revenue: $80.28M
Revenue: $80.28M
Revenue: $80.28M
Total Equity: $6.31M
Tax Rate: -0.6%
Equity: $6.31M
Total Debt: $55.65M
Cash: $50.85M
Current Liabilities: $17.98M
Long-Term Debt: $55.65M
Total Debt: $55.65M
Total Equity: $6.31M
Shares: 46,947,932
Shares: 46,947,932
CapEx: -$448,000
Shares: 46,947,932
Stock Price: $0.72
Net Income: -$38.83M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jul 4, 2026 2:45pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $29.5M | $41.4M | $58.5M | $69.3M | $80.3M |
| Cost of Revenue | $10.7M | $14.4M | $18.3M | $22.8M | $25.9M |
| Gross Profit | $18.8M | $27.0M | $40.1M | $46.5M | $54.3M |
| Operating Expenses | $48.3M | $66.1M | $84.2M | $80.6M | $88.1M |
| Operating Income | -$29.5M | -$39.0M | -$44.1M | -$34.1M | -$33.8M |
| Net Income | -$33.3M | -$44.3M | -$46.7M | -$37.8M | -$38.8M |
| EBITDA | -$29.1M | -$39.1M | -$40.6M | -$31.7M | -$32.3M |
| EPS | $-2.30 | $-2.73 | $-2.04 | $-1.33 | $-0.83 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 4, 2026 2:45pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $43.9M | $42.0M | $46.7M | $52.7M | $50.8M |
| Total Current Assets | $59.1M | $62.4M | $71.7M | $78.1M | $75.6M |
| Total Assets | $62.5M | $67.9M | $78.0M | $87.3M | $81.4M |
| Current Liabilities | $10.6M | $12.4M | $17.0M | $15.6M | $18.0M |
| Long-Term Debt | $31.5M | $39.9M | $40.5M | $41.1M | $55.7M |
| Total Liabilities | $42.4M | $53.6M | $59.2M | $58.9M | $75.1M |
| Total Equity | $20.1M | $14.3M | $18.9M | $28.5M | $6.3M |
| Retained Earnings | -$229.9M | -$274.2M | -$320.9M | -$358.7M | -$397.6M |
Cash Flow (Annual)
Last updated: Jul 4, 2026 2:45pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$30.4M | -$40.7M | -$40.9M | -$41.6M | -$28.2M |
| Capital Expenditure | $-627,000 | -$1.9M | $-611,000 | $-989,000 | $-448,000 |
| Free Cash Flow | -$31.1M | -$42.6M | -$41.5M | -$42.6M | -$28.7M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $1.3M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $105,000 |
| Net Change in Cash | -$30.5M | -$1.9M | $5.0M | $5.9M | -$1.8M |
Analyst Estimates (Annual)
Last updated: Jul 4, 2026 2:45pm (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$80.4M $80.2M – $80.7M
|
$86.7M $86.4M – $87.0M
|
$95.7M $95.4M – $96.0M
|
$106.8M $106.8M – $106.8M
|
| EBITDA |
$11.5M $11.5M – $11.5M
|
$12.4M $12.4M – $12.4M
|
$13.7M $13.7M – $13.7M
|
$15.3M $15.3M – $15.3M
|
| Net Income |
-$38.4M -$38.6M – -$38.2M
|
-$30.7M -$30.8M – -$30.6M
|
-$25.2M -$25.3M – -$25.1M
|
-$18.3M -$18.3M – -$18.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 4, 2026 2:45pm (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +40.6% | +41.1% | +18.6% | +15.8% |
| Gross Profit Growth | +43.8% | +48.3% | +15.9% | +16.9% |
| Operating Income Growth | -32.4% | -13.0% | +22.6% | +1.1% |
| Net Income Growth | -33.1% | -5.3% | +18.9% | -2.6% |
| EBITDA Growth | -34.0% | -4.0% | +22.0% | -2.1% |
Insider Trading (Recent)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-09 | Rocchio Betty Jo | A-Award | 11,675.00 | $0.00 | $0 |
| 2026-06-09 | Rocchio Betty Jo | A-Award | 17,335.00 | $0.94 | $16,208 |
| 2026-06-09 | Capper Joseph H | A-Award | 11,675.00 | $0.00 | $0 |
| 2026-06-09 | Capper Joseph H | A-Award | 17,550.00 | $0.94 | $16,409 |
| 2026-06-09 | Capper Joseph H | A-Award | 17,335.00 | $0.94 | $16,208 |
| 2026-06-09 | Capper Joseph H | A-Award | 11,925.00 | $0.00 | $0 |
| 2026-06-09 | Capper Joseph H | 0.00 | $0.00 | $0 | |
| 2026-06-09 | Plovanic William J. | A-Award | 11,675.00 | $0.00 | $0 |
| 2026-06-09 | Plovanic William J. | A-Award | 17,335.00 | $0.94 | $16,208 |
| 2026-06-09 | NEELS GUIDO J | 0.00 | $0.00 | $0 | |
| 2026-06-09 | NEELS GUIDO J | A-Award | 11,675.00 | $0.00 | $0 |
| 2026-06-09 | NEELS GUIDO J | A-Award | 17,550.00 | $0.94 | $16,409 |
| 2026-06-09 | NEELS GUIDO J | A-Award | 17,335.00 | $0.94 | $16,208 |
| 2026-06-09 | NEELS GUIDO J | A-Award | 11,925.00 | $0.00 | $0 |
| 2026-06-09 | THOMAS PAUL | 0.00 | $0.00 | $0 | |
| 2026-06-09 | THOMAS PAUL | A-Award | 11,675.00 | $0.00 | $0 |
| 2026-06-09 | THOMAS PAUL | A-Award | 17,550.00 | $0.94 | $16,409 |
| 2026-06-09 | THOMAS PAUL | A-Award | 17,335.00 | $0.94 | $16,208 |
| 2026-06-09 | THOMAS PAUL | A-Award | 11,925.00 | $0.00 | $0 |
| 2026-06-09 | NOHRA GUY P | 0.00 | $0.00 | $0 |
Narrative Economics
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