About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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MiMedx Group (NASDAQ: MDXG) Reports Q1 2023 Financial Results Showing 21.7% Sales Growth

MiMedx Group, Inc. (NASDAQ: MDXG) is engaged as a biotechnology company that is focused as a placental biologics developer to meet unmet clinical needs such as advanced wound care. Shares of the biotech company are rallying 29% through early trading on Wednesday, May 3, 2023. Over the past three months, MiMedx Group has seen average daily volume of 508,800 shares. However, volume of 1.42 million shares or dollar volume of around $6.97 million, has already exchanged hands through early trading.

Shares of MiMedx Group are gaining after the company reported a strong Q1 2023 with net sales of $71.7 million, reflecting a 21.7% increase from the prior year period. The company’s net loss was reduced to $5.0 million, and adjusted EBITDA reached $5.5 million. CEO Joseph Capper attributed the growth to the demand for new products in the surgical market and accelerated growth in the private physician office setting. The company also made progress in several structural and operational initiatives, resulting in improved gross margin and operating expenses.

Q1 2023 highlights include a 21.7% increase in net sales compared to Q1 2022, with the Wound & Surgical segment contributing $70.6 million. The gross margin for Q1 2023 stood at 82.7%, a slight decrease from the 83.1% in Q1 2022. Selling, general, and administrative expenses rose to $52.3 million, primarily due to higher commissions associated with increased sales. Research and development expenses increased to $6.5 million, driven by higher costs for the company’s knee osteoarthritis clinical trial program. Net loss decreased to $5.0 million from the previous year’s $10.5 million.

As of March 31, 2023, MiMedx had $61.2 million in cash and cash equivalents. The company aims for low double-digit annual sales growth driven by new products, demand, and sales in Japan. The company also seeks to achieve a Wound & Surgical segment contribution margin at or above 30% of segment net sales and corporate expenses below 20% of sales. A conference call and webcast to review Q1 2023 results will be held on May 2, 2023, at 5:00 PM ET.

Joseph Capper, MIMEDX Chief Executive Officer: “Our first quarter 2023 results demonstrate an excellent level of focus and execution across our organization, particularly among our commercial team. Our double-digit net sales growth this quarter was driven by robust demand for our new products in the surgical market and an accelerated growth rate in the private physician office setting. Our entire product offering is winning across the care settings we serve, as we work to make our best-in-class placental biologics products available to a large and growing number of patients each day.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post MiMedx Group (NASDAQ: MDXG) Reports Q1 2023 Financial Results Showing 21.7% Sales Growth appeared first on Spotlight Growth.

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