The chart below shows how NPCE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NPCE sees a +6.82% change in stock price 10 days leading up to the earnings, and a -10.88% change 10 days following the report. On the earnings day itself, the stock moves by +0.97%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q3 Revenue Increase: Total revenue for Q3 2024 was $21.1 million, representing a 28% increase compared to $16.4 million for the same period last year.
RNS Sales Surge: RNS sales grew by 36% in Q3 2024, contributing significantly to the overall revenue growth.
Gross Margin Consistency: Gross margin for Q3 2024 was 73.2%, consistent with the target range of 72% to 74%.
R&D Expense Increase: R&D expense increased to $5.8 million in Q3 2024, up from $4.8 million in the same period of 2023, reflecting investment in product development.
Cash Balance Increase: Cash balance increased from $55.5 million at the end of Q2 2024 to $56.8 million at the end of Q3 2024, supporting future operations.
Negative
Q3 Revenue and Loss Analysis: Revenue for Q3 2024 was $21.1 million, representing a net loss of $5.5 million compared to a loss of $7.3 million in Q3 2023.
R&D Expense Increase: R&D expense increased to $5.8 million in Q3 2024 from $4.8 million in the same period of 2023, driven by increased personnel and program expenses.
SG&A Expense Increase: SG&A expense was $13.9 million in Q3 2024 compared to $13.4 million in the prior year period, primarily due to increased sales and marketing personnel expenses.
Operating Expenses Increase: Total operating expenses were $19.7 million in Q3 2024 compared to $18.2 million in the same period of the prior year, representing an 8% increase despite revenue growing by 28%.
Operational Loss Comparison: Loss from operations was $4.2 million in Q3 2024 compared to $6 million in the prior year period, indicating ongoing operational challenges.
NeuroPace, Inc. (NPCE) Q3 2024 Earnings Call Transcript
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