NeuroPace Provides Full-year 2024 Revenue Guidance Of $73M-$77M, Est $74.598M
Portfolio Pulse from Benzinga Newsdesk
NeuroPace has projected its full-year 2024 revenue to be between $73M and $77M, closely aligning with the estimated $74.598M. The company anticipates a gross margin of 72% to 74% and total operating expenses between $80M and $84M, which includes around $12M in stock-based compensation.

March 05, 2024 | 10:28 pm
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NeuroPace projects its 2024 revenue to be in the range of $73M to $77M, with a gross margin of 72% to 74% and operating expenses between $80M and $84M, including $12M in stock-based compensation.
The revenue guidance provided by NeuroPace is closely aligned with analysts' estimates, indicating a positive outlook for the company's financial performance in 2024. The detailed breakdown of expected gross margin and operating expenses, including the significant portion allocated to stock-based compensation, provides a clear picture of the company's cost management and profitability potential. This transparency and alignment with expectations are likely to foster investor confidence, potentially leading to a positive short-term impact on NPCE's stock price.
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