secwatch.observer — SEC 8-K summary
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Issuer:     NEVRO CORP (—)
CIK:        0001444380
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0000950170-24-003196
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nevro Q4 prelim revenue $116M (+2% YoY) beats expectations; cuts 5% of staff
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- Preliminary Q4 2023 worldwide revenue ~$116.0M, up 2% YoY, exceeding company expectations.
- Full-year 2023 revenue ~$425.0M (+5% YoY); PDN sales $77.9M (+63% YoY).
- Restructuring approved: lay off 63 employees (5% workforce), mainly internal roles.
- Expects $14M-$15M positive impact on 2024 adjusted EBITDA; $5M-$6M charge in Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1444380/000095017024003196/0000950170-24-003196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1444380/000095017024003196/nvro-20240106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-003196

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer