Acutus Medical Inc reports results for the quarter ended in June - Earnings Summary

Acutus Medical

11/08/2022 23:26

* Acutus Medical Inc  AFIB.OQ  reported a quarterly adjusted
loss
of $1.38​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of 80
cents per share.
    * Revenue fell 13.4% to $4.08 million from a year ago;
analysts
expected $3.84 million. 
    * Acutus Medical Inc's reported EPS for the quarter was 16
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Acutus Medical Inc shares had risen by 43.7% this
quarter and
lost 52.8% so far this year.
    * The company reported quarterly net income of $5.72
million.
    * Wall Street's median 12-month price target for Acutus
Medical
Inc is $1.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 11
at 10:26 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.80          -1.38          Missed
 Mar. 31 2022      -0.92          -1.00          Missed
 Dec. 31 2021      -0.83          -1.12          Missed
 Sep. 30 2021      -0.87          -0.94          Missed