Tela Bio, Inc. Stock Price, News & Analysis

TELA Bio has announced the pricing of a public offering comprising 12,000,000 shares of common stock at $2.25 per share and pre-funded warrants for 5,800,000 shares at $2.2499 per warrant. The offering is expected to generate $40 million in gross proceeds before expenses. The company has granted underwriters a 30-day option to purchase up to 2,670,000 additional shares. The offering, expected to close around October 24, 2024, will fund general corporate purposes, including sales, marketing, R&D, and working capital.

TELA Bio, a medical technology company focused on soft-tissue reconstruction, has announced a proposed public offering of common stock and pre-funded warrants. The offering includes an option for underwriters to purchase up to an additional 15% of securities. Canaccord Genuity and Lake Street Capital Markets are acting as joint bookrunners. TELA intends to use the net proceeds for general corporate purposes, including sales and marketing, research and development, administrative matters, working capital, and capital expenditures. The offering is being made pursuant to a shelf registration statement on Form S-3 that was declared effective by the SEC on November 20, 2023. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC.

TELA Bio, Inc. (NASDAQ: TELA), a commercial-stage medical technology company specializing in soft-tissue reconstruction solutions, has announced it will report its third quarter 2024 financial results on Thursday, November 7, 2024. The company's management will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the financial results and provide a corporate update.

Investors interested in participating in the conference call are required to register online at least a day in advance or a minimum of 15 minutes before the call starts. A live webcast and replay of the event will be accessible through the Events & Presentations page in the investor section of TELA Bio's website.

TELA Bio reported Q2 2024 financial results, highlighting 11% revenue growth to $16.1 million compared to Q2 2023. The company reiterated its full-year 2024 revenue guidance of $74.5-76.5 million, representing 27-31% year-over-year growth. Key developments include:

1. Appointment of Greg Firestone as Chief Commercial Officer
2. Launch of robotically compatible OviTex IHR Reinforced Tissue Matrix
3. NIVIS Fibrillar Collagen Pack launch, triggering revenue share payments

Despite growth, TELA Bio faced challenges from customer-targeted cyberattacks affecting some large accounts. The company reported a gross profit of $11.1 million (69% of revenue) and a net loss of $12.6 million. Cash and cash equivalents totaled $26.5 million as of June 30, 2024.

TELA Bio, Inc. (NASDAQ: TELA), a medical technology company specializing in soft-tissue reconstruction solutions, has announced the approval of inducement grants by its Board of Directors' Compensation Committee. These grants, issued on August 6, 2024, consist of restricted stock units covering 16,000 shares of common stock, awarded to nine newly-hired employees.

The grants were made under the Nasdaq Rule 5635(c)(4) inducement grant exception, serving as a component of employment compensation and an incentive for accepting positions with TELA Bio. The restricted stock units will vest in equal annual installments over four years, contingent on continued service with the company.

TELA Bio, Inc. (NASDAQ: TELA), a leader in soft-tissue reconstruction solutions, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. The company's management team is set to present on August 14th, 2024, at 10:30 am ET. This event provides an opportunity for TELA Bio to showcase its innovative medical technology and growth strategies to investors and industry professionals.

Interested parties can access both the live presentation and archived webcast through TELA Bio's investor relations website at ir.telabio.com. This participation underscores TELA Bio's commitment to engaging with the investment community and highlights its position in the rapidly evolving medical technology sector.

TELA Bio (NASDAQ: TELA), a commercial-stage medical technology company specializing in soft-tissue reconstruction solutions, has announced its plan to report second quarter 2024 financial results on Monday, August 12, 2024. The company will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the financial results and provide a corporate update.

Investors interested in participating in the conference call are required to register online at least a day in advance or a minimum of 15 minutes before the call starts. A live webcast and replay of the event will be accessible through the Events & Presentations page in the investor section of TELA Bio's website.

On June 4, 2024, TELA Bio, a medical technology company specializing in soft-tissue reconstruction solutions, announced the appointment of Jeffrey Blizard to its Board of Directors. Blizard is currently the Global Head of Surgical Sales at Abiomed, a medical device company within Johnson & Johnson's MedTech segment. TELA Bio's CEO, Antony Koblish, emphasized Blizard's extensive sales leadership and experience as important to enhancing their sales force. Blizard expressed enthusiasm about joining during a period of significant growth and confident in his ability to contribute to TELA's success.

TELE Bio (NASDAQ: TELA) has appointed Greg Firestone as its new Chief Commercial Officer, effective May 20, 2024. Mr. Firestone, who has been with the company since 2017, will now oversee commercial operations, including key product launches, sales team training, market development, and strategic initiatives. His extensive experience includes executive roles in the healthcare sector and founding multiple companies. The appointment is viewed as a strategic move to enhance market share and operational efficiency as the company aims for strong year-end performance.