CVRx Reiterated FY24 Outlook For Revenue At $50.0M-$53.0M Vs $50.8M Est., Gross Margin Of 83.0%-85.0%
Portfolio Pulse from Benzinga Newsdesk
CVRx has reiterated its FY24 revenue outlook at $50.0M-$53.0M, compared to the $50.8M estimate, and expects a gross margin of 83.0%-85.0%.
June 05, 2024 | 10:52 am
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CVRx has reiterated its FY24 revenue outlook at $50.0M-$53.0M, aligning closely with the $50.8M estimate, and expects a strong gross margin of 83.0%-85.0%.
The reiteration of the revenue outlook and strong gross margin expectations are positive indicators for CVRx's financial health, likely boosting investor confidence and potentially driving the stock price up in the short term.
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