The chart below shows how CVRX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVRX sees a -3.36% change in stock price 10 days leading up to the earnings, and a +6.24% change 10 days following the report. On the earnings day itself, the stock moves by +1.31%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q4 Revenue Surge: Total revenue for Q4 2024 reached $15.3 million, a 36% increase compared to Q4 2023, driven by a 41% growth in U.S. Heart Failure revenue.
Active Implanting Centers Growth: The number of active implanting centers increased to 223 by the end of 2024, up from 178 at the end of 2023, reflecting successful expansion efforts.
Q4 Gross Profit Increase: Gross profit for Q4 2024 was $12.8 million, representing an increase of $3.2 million compared to the same period last year, with a gross margin of 83%.
Barostim Therapy Access Improvement: The implementation of new Category I CPT codes for Barostim therapy is expected to enhance access and reduce prior authorization denials, facilitating broader adoption.
Revenue Projections for 2025: The company anticipates total revenue for 2025 to be between $63 million and $65 million, indicating strong growth expectations based on current market strategies.
Negative
European Revenue Decline: Total revenue generated in Europe was $1,000,000 for the fourth quarter of 2024, a decrease from 52 revenue units in the fourth quarter of 2023 to 41 in the fourth quarter of 2024.
Gross Margin Decline: Gross margin for the fourth quarter was 83%, down from 85% for the same period last year, indicating a decline in profitability.
R&D Expense Increase: Research and development expenses for the fourth quarter were $2,800,000, reflecting a 25% increase compared to the same period last year, indicating rising costs without corresponding revenue growth.
SG&A Expense Increase: SG&A expenses for the fourth quarter were $20,200,000, representing a 19% increase compared to the same period last year, driven by increased compensation expenses and indicating higher operational costs.
Net Loss Comparison: Net loss was $10,700,000 or $0.43 per share for the three months ended 12/31/2024, compared to a net loss of $9,200,000 or $0.44 per share for the same period last year, reflecting worsening financial performance.
Earnings call transcript: CVRx Q4 2024 shows revenue growth, stock dips
CVRX.O
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