TELA Bio, Inc. (TELA) Q2 2026 Earnings Call Transcript
TELA Bio, Inc. (TELA) Q2 2026 Earnings Call Transcript

TELA Bio, Inc., a commercial-stage medical technology company, focuses on providing soft-tissue reconstruction solutions that optimize clinical outcomes by prioritizing the preservation ...
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Est. EPS $-0.15 · Revenue $20.04M · 3 analysts
Est. EPS $-0.13 · Revenue $21.24M · 3 analysts
Est. EPS $-0.69 · Revenue $79.64M · 3 analysts
Est. EPS $-0.11 · Revenue $20.78M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $80.3M | +15.8% | +1.2% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-38.8M | -2.6% | +8.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +67.7% | +0.9% | +10.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -42.0% | +14.6% | +12.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -48.4% | +11.4% | +9.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-28.7M | +32.7% | +16.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -35.7% | +41.9% | +17.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 881.6% | +482.6% | +67.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 4.20x | -16.0% | -17.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $81.4M | -6.8% | -14.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.83 vs -0.82 | -1.5% | -0.20 vs -0.17 | -15.1% |
| Revenue Surprise | $80.3M vs $80.4M | -0.2% | $19.3M vs $20.0M | -3.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Getz Heather C | director, officer: Chief Executive Officer | Common Stock | A | 12,500 | $0.66 |
| Aug 14, 2026 | Getz Heather C | director, officer: Chief Executive Officer | Common Stock | A | 15,000 | $0.70 |
| Aug 3, 2026 | Getz Heather C | director, officer: Chief Executive Officer | Stock Option (Right to Buy) | A | 1,365,000 | $0.74 |
| Aug 3, 2026 | Getz Heather C | director, officer: Chief Executive Officer | Stock Option (Right to Buy) | A | 1,005,000 | $0.90 |
| Aug 3, 2026 | Getz Heather C | director, officer: Chief Executive Officer | Common Stock | A | 500,000 | — |
Good afternoon, ladies and gentlemen, and welcome to the TELA Bio Second Quarter 2026 Earnings Conference Call. At this time, all participants are in listen-only mode. Following the prepared remarks, there will be a question-and-answer session. Please be advised that today's conference is being recorded. I would now like to turn the conference over to Louisa Smith.
Thank you, Lisa, and good afternoon, everyone. Earlier today, TELA Bio released financial results for the second quarter ended 06/30/2026. A copy of the press release is available on the company's website. Joining me on today's call are Heather Goetz, Chief Executive Officer; Jeffrey Blizard, President; Roberto E. Cuca, Chief Financial Officer; and Jim Hagen, Senior Vice President of Strategic Operations and Marketing. Before we begin, I would like to remind you that during the conference call, the company may make projections and forward-looking statements regarding future events. We encourage you to review the company's past and future filings with the SEC, including, without limitation, the company's quarterly reports on Form 10-Q, which identify the specific risk factors that may cause actual results or events to differ materially from those described in these forward-looking statements. These factors may include, without limitation, statements regarding product development, pipeline opportunities, sales and marketing strategies, and the impact of various additional risk factors as identified in our regulatory filings. With that, I will now turn the call over to Joe Capper.
Thank you, Louisa. Good afternoon, and thank you for joining TELA Bio's second quarter 2026 earnings call. I will start the call with a few comments about the important leadership change announced last week naming Heather Goetz as the new Chief Executive Officer and director of TELA Bio. Then I will turn the call over to the management team for an update on the business. Heather brings a proven track record of driving operational excellence, leading organizations through complex business and financial transformations, and creating long-term value. We are confident that under Heather's leadership, TELA Bio will build on its strong foundation, expand its impact for patients and surgeons, and deliver value for our shareholders and employees. On behalf of the Board, we also want to extend our sincere gratitude to Antony Koblish for his vision, leadership, and entrepreneurial spirit in founding TELA Bio and guiding the company through its early growth stage. Tony's commitment to innovation led to the development of OviTex, and helped establish TELA Bio as a leader in soft tissue reconstruction. We are deeply appreciative of his many contributions and wish him continued success in his future endeavors. I will now turn the call over to Heather.
Thank you, Joe. Good afternoon, everyone. Let me start by extending my gratitude, especially to our team for the warm welcome. I am honored to join TELA Bio at such an exciting …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Antony Koblish | Co-founder, Chief Executive Officer & Director | USD 968,595 | Male | 1966 | Active |
Jeffrey Blizard | President | USD 751,444 | Male | 1969 | Active |
Roberto E. Cuca | CFO, Corporate Secretary & COO | USD 652,875 | Male | 1968 | Active |
Paul Talmo | Chief Technology Officer | USD 580,554 | Male | 1967 | Active |
Heather C. Getz | CEO & Director | — | Female | 1975 | Active |
Jennifer Lou Armstrong | Senior Vice President of Human Resources | — | Female | 1970 | Active |
Megan Smeykal | Vice President, Corporate Controller, Chief Accounting Officer & Principal Accounting Officer | — | Female | 1976 | Active |
Howard N. Langstein | Chief Medical Officer | — | — | 1959 | Active |
Jim Hagen | Senior VP of Strategic Commercial Operations & Marketing | — | Male | — | Active |
Michael Leonard | Senior Vice President of Technical Operations | — | Male | — | Active |
D. Taylor Ocasio | General Counsel & Corporate Secretary | — | Male | — | Active |
Louisa Smith | Investor Relations Contact Officer | — | — | — | Active |
Gregory A. Firestone | Chief Business Officer | — | Male | 1959 | Active |
TELA Bio, Inc. (TELA) Q2 2026 Earnings Call Transcript

TELA Bio, Inc. (TELA) came out with a quarterly loss of $0.2 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to a loss of $0.22 per share a year ago.

MALVERN, Pa., Aug. 05, 2026 (GLOBE NEWSWIRE) -- TELA Bio, Inc. ("TELA Bio") (NASDAQ: TELA), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, today announced that the Board of Directors of TELA Bio approved inducement grants of stock options to purchase an aggregate of 2,370,000 shares of its common stock and restricted stock units covering 500,000 shares of its common stock to the Company's newly-hired Chief Executive Officer, Heather Getz, with a grant date of August 3, 2026 (the "Getz Grant Date"). The stock options consist of (i) stock options to purchase 1,365,000 shares of common stock (the “Standard Options”) and (ii) premium-priced stock options to purchase 1,005,000 shares of common stock (the “Premium-Options”). Additionally, the Compensation Committee of the Board of Directors of TELA Bio approved inducement grants of restricted stock units covering 95,500 shares of its common stock to 11 newly-hired employees, with a grant date of August 4, 2026. The stock options and the restricted stock units discussed above were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of Ms. Getz's and each individual's employment compensation and were granted as an inducement material to his or her acceptance of employment with TELA Bio.

MALVERN, Pa., Aug. 04, 2026 (GLOBE NEWSWIRE) -- TELA Bio, Inc. (“TELA Bio” or the “Company”), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, announced that the Board of Directors (the “Board”) has appointed Heather Getz as Chief Executive Officer and Director, effective today.

MALVERN, Pa., July 29, 2026 (GLOBE NEWSWIRE) -- TELA Bio, Inc. ("TELA Bio") (NASDAQ: TELA), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, today announced that the Company will participate in the Canaccord Genuity 46th Annual Growth Conference.
