Exhibit 99.1
PRESS RELEASE CONTACT:
MICHAEL SENKEN
PHONE: (770) 651-9100


MiMedx Announces 2015 Record Results
 

Company Records Revenue of $187.3 Million,
Net Income of $29.4 million and EPS of $0.28 (Basic) and $0.26 (Diluted)


Marietta, Georgia, February 23, 2016, (PR Newswire) -- MiMedx Group, Inc. (NASDAQ: MDXG), the leading regenerative medicine company utilizing human amniotic membrane and other birth tissues, human skin and bone, and patent-protected processes and proprietary platforms to develop and market advanced products and therapies, announced today its record results for the full year and fourth quarter ended December 31, 2015.

Full Year 2015 Highlights are:
4th consecutive year of meeting or exceeding revenue guidance
Revenue of $187.3 million increased by 58% over 2014
Revenue nears upper end of MiMedx guidance range
Gross margin of 89% remains unchanged from its record level in 2014
Wound Care sales grew by more than 50% in 2015
Surgical, Sports Medicine & Orthopedics revenue grew more than 85% in 2015
Adjusted EBITDA* of $44 million represents a 113% improvement over 2014
Net income of $29.4 million represents a 373% improvement over 2014

Fourth Quarter 2015 Highlights are:
17th consecutive quarter of meeting or exceeding revenue guidance
Revenue of $51.8 million increased by 31% over Q4 2014
Revenue in upper range of MiMedx Q4 guidance
Gross margin of 90%
16th consecutive quarter of positive Adjusted EBITDA*
Adjusted EBITDA* of $12.9 million represents a 51% improvement over Q4 2014
Net income of $13.4 million represents a 249% improvement over Q4 2014

Results for Full Year and Fourth Quarter Ended December 31, 2015
For the year ended December 31, 2015, the Company recorded record revenue of $187.3 million, a $69.1 million or 58% increase over 2014 revenue of $118.2 million. The Company’s gross margin for the year ended December 31, 2015, was 89%, which was equal to the gross margin in the same period of 2014 in spite of market price decreases. Adjusted EBITDA* for the year ended December 31, 2015, was $44 million, a $23.3 million or 113% improvement, as compared to Adjusted EBITDA* of $20.7 million for the year ended December 31, 2014. Net Income for the year ended December 31, 2015, was $29.4 million, or $0.26 per diluted common share, a $23.2 million or 373% improvement, as compared to Net Income of $6.2 million, or $0.05 per diluted common share, in the same period of 2014.

The Company recorded record revenue for the fourth quarter of 2015 of $51.8 million, a $12.3 million or 31% increase over 2014 fourth quarter revenue of $39.6 million. The Company’s gross margin for the quarter ended December 31, 2015, was 90%, equal to the gross margin in the fourth quarter of 2014. Adjusted EBITDA* for the quarter ended December 31, 2015, was $12.9 million, a $4.4 million or 51% improvement, as compared to Adjusted EBITDA* of



The following information was filed by Mimedx Group, Inc. (MDXG) on Tuesday, February 23, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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