CVRx: Q1 Earnings Snapshot
MINNEAPOLIS (AP) _ CVRx Inc. (CVRX) on Monday reported a loss of $10 million in its first quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 49 cents.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 49 cents per share.
The medical device company posted revenue of $4.1 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $3.8 million.
For the current quarter ending in July, CVRx said it expects revenue in the range of $4.5 million to $5 million.
The company expects full-year revenue in the range of $20 million to $23 million.