CVRx Continues To Expect FY24 Total Revenue Of $50M - $53M, Est $50.803M
Portfolio Pulse from Benzinga Newsdesk
CVRx has updated its financial expectations for FY24, projecting total revenue between $50M and $53M, gross margin between 83% and 85%, and operating expenses between $95M and $98M, up from previous guidance of $92M to $98M.
July 29, 2024 | 8:53 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
CVRx has updated its FY24 financial expectations, projecting total revenue between $50M and $53M, gross margin between 83% and 85%, and operating expenses between $95M and $98M, up from previous guidance of $92M to $98M.
The updated guidance indicates a slight increase in operating expenses but maintains a strong revenue and gross margin outlook. This balanced update is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100