Brief: Neuronetics Reports Record Fourth Quarter And Record Full Year 2022 Financial And Operating Results

Neuronetics

07/03/2023 12:36

March 7 (Reuters) - Neuronetics Inc  STIM.O :
    * NEURONETICS REPORTS RECORD FOURTH QUARTER AND RECORD FULL
YEAR
2022 FINANCIAL AND OPERATING RESULTS
    * Q4 2022 REVENUE OF $18.2 MILLION, REPRESENTING A 21%
INCREASE AS
COMPARED TO Q4 2021
    * FOR Q1 OF 2023, COMPANY EXPECTS TOTAL WORLDWIDE REVENUE
BETWEEN
$15.0 MILLION AND $16.0 MILLION
    * FOR FULL YEAR 2023, COMPANY NOW EXPECTS TOTAL WORLDWIDE
REVENUE
TO BE BETWEEN $66.0 MILLION AND $72.0 MILLION
    * FOR FULL YEAR 2023, COMPANY EXPECTS TOTAL OPERATING
EXPENSES TO
BE BETWEEN $84.0 MILLION AND $88.0 MILLION
    * NET LOSS FOR Q4 OF 2022 WAS $8.3 MILLION, OR $0.31 PER
SHARE
    * CASH AND CASH EQUIVALENTS WERE $70.3 MILLION AS OF
DECEMBER 31,
2022
    * Q4 EARNINGS PER SHARE VIEW $-0.38, REVENUE VIEW $16.8
MILLION --
REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $-0.38, REVENUE VIEW $16.8
MILLION --
REFINITIV IBES DATA
    * FOR Q1 OF 2023, COMPANY EXPECTS TOTAL WORLDWIDE REVENUE
BETWEEN
$15.0 MILLION AND $16.0 MILLION

Source text for Eikon:  ID:nGNX1vCCSl 
Further company coverage:  STIM.O 

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