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CVRx: Q1 Earnings Snapshot

April 25, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVRX at https://www.zacks.com/ap/CVRX