Acutus Medical: Drops on dour annual revenue forecast, Q4 miss

Acutus Medical

18/03/2021 15:46

** Shares of medical device maker  AFIB.O  fall 6% to
$17.88, snapping a three-day rally
    ** Forecasts FY21 revenue of $22 mln to $30 mln, below
analysts' estimates of $43.5 mln, as COVID-19 headwinds are
likely to continue in 2021, particularly in H1 
    ** Posts Q4 revenue of $2.6 mln, missing expectations of
$3.6 mln, as people delayed non-emergency surgeries due to the 
pandemic 
    ** However, CEO says that co is starting to see an
improvement in hospital access and number of procedures
 urn:newsml:reuters.com:*:nGNX7m775F
    ** Stock down 38% YTD

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))