NeuroMetrix reports Q3 revenue $587,314 vs $1.2M last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Company Restructuring: The company has made significant changes including strengthening its Board, ending common stock sales, reducing workforce, and phasing out its ADVANCE(R) business, resulting in over $0.5M quarterly savings in operating expenses and cash usage.
Focus on Quell Fibromyalgia: The company is actively promoting its Quell Fibromyalgia product through direct marketing to physicians and sales to Veterans Health Administration facilities.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
