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VVOS — Vivos Therapeutics News Story

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Vivos Therapeutics Q2 revenue rises 35% on service growth

Vivos Therapeutics Q2 revenue rises 35% on service growth


Overview

  • U.S. sleep apnea device maker's Q2 revenue rose 35% yr/yr, driven by service growth

  • Gross margin improved to 57% from 55% a year ago on higher revenue

  • Q2 operating loss was flat at $4.8 mln as expenses rose with expansion


Outlook

  • Company expects continued revenue growth driven by increased patient volume and provider referrals

  • Vivos anticipates further benefits from pending partnerships with large cardiology groups in Florida and Arizona


Result Drivers

  • SERVICE REVENUE - Co said Q2 revenue growth was driven by service revenue, mainly from sleep testing and treatment services in Nevada

  • PATIENT AND REFERRAL GROWTH - Co reported significant increases in patient volume and physician referrals, including from insomnia/EEG and pediatric programs

  • EXPANDED OPERATIONS - Co cited expanded facilities, increased provider count, and new referral/service initiatives as contributing to higher revenue


Company press release: ID:nGNX5xJq1j


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$5.2 mln

Q2 Net Loss

$5.52 mln

Q2 Gross Profit

$2.95 mln

Q2 Operating Income

-$4.83 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

  • Wall Street's median 12-month price target for Vivos Therapeutics Inc is $2.50, about 718.9% above its August 13 closing price of $0.31


Reuters Recommended Reads

  • Aug 13 - Aveanna Healthcare Q2 revenue beats on broad-based growth

  • Aug 13 - Canada's NeuPath Health Q2 revenue falls despite record patient visits

  • Aug 12 - Sera Prognostics Q2 revenue rises on expanded partnerships and Medicaid coverage


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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