The chart below shows how NSPR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NSPR sees a +1.41% change in stock price 10 days leading up to the earnings, and a -3.33% change 10 days following the report. On the earnings day itself, the stock moves by -0.58%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue Milestone: CGuard revenue reached a new quarterly high of $1.95 million in Q4 2024, reflecting a 10.6% growth year-over-year.
Revenue Increase Overview: Total revenue for the full year 2024 increased 13% to $7 million from $6.2 million in 2023, driven by growth in existing and new markets.
CGuard Stent Sales Performance: 3,512 CGuard stents were sold in Q4 2024, contributing to a total of 12,100 units sold for the full year, benefiting thousands of patients.
CGuard Prime Launch Anticipation: The company is on track for anticipated US approval and launch of CGuard Prime in the first half of 2025, which is expected to significantly expand revenue.
Clinical Trial Success: The CGUARDIANS pivotal clinical trial showed unprecedented results with major adverse events rates of just 0.95% through 30 days and 1.95% through 12 months post-procedure, the lowest ever reported in a pivotal study of carotid stents.
Sales Team Expansion: The company has onboarded more than a dozen world-class field sales professionals in preparation for the US launch, indicating strong interest and confidence in CGuard Prime.
Financial Income Increase: Increased financial income for the full year 2024 by 20.5% to $1.6 million, primarily due to higher interest income from investments.
Strategic Headquarters Location: The new headquarters in Miami, Florida, is strategically positioned to support the anticipated US launch and commercialization of CGuard Prime.
Negative
Gross Profit Decline: Gross profit for Q4 2024 decreased by $36,000 or 7.1% to $469,000 compared to Q4 2023, due to increased cost of goods sold.
Gross Margin Decline: Gross margin decreased to 24.1% in Q4 2024 from 28.7% in Q4 2023, attributed to higher material and labor costs.
Operating Expenses Surge: Total operating expenses for Q4 2024 increased by $3.5 million or 55.8% to $9.8 million compared to Q4 2023, primarily due to increased salaries and share-based compensation.
Quarterly Net Loss Comparison: Net loss for Q4 2024 totaled $9.1 million or $0.19 per share, compared to a net loss of $5.4 million or $0.16 per share in Q4 2023.
Gross Profit Decline: Gross profit for the full year 2024 decreased by $301,000 or 16.7% to $1.5 million compared to 2023, again due to increased cost of goods sold.
Gross Margin Decline: Gross margin for the full year 2024 decreased to 21.5% from 29.1% in 2023, reflecting ongoing cost pressures.
Operating Expenses Increase: Total operating expenses for the full year 2024 were $35 million, an increase of $12 million or 52.5% compared to 2023, driven by higher salaries and compensation costs.
Annual Net Loss Comparison: Net loss for the full year 2024 was $32 million or $0.76 per share, compared to a net loss of $19.9 million or $0.82 per share in 2023.
Cash Decrease Analysis: Cash and cash equivalents decreased to $34.7 million as of December 31, 2024, down from $39 million at the end of 2023.
InspireMD, Inc. (NSPR) Q4 2024 Earnings Call Transcript
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