Nevro Q1 revenue $101.9M (+5.8%), net loss $35.8M; raises adjusted EBITDA guidance, promotes Christoforou to COO

NEVRO CORP

2024-Q1 EPS reported -$0.70 revenue$101,899,000

Q1 2024 worldwide revenue $101.9M, up 5.8% YoY; net loss from operations $35.8M; adjusted EBITDA loss $9.6M.
FY2024 revenue guidance reaffirmed at $435–445M; adjusted EBITDA guidance raised to loss $5M to profit $2M.
Additional restructuring steps announced to accelerate profitability and strengthen operations.
Christofer Christoforou promoted to newly created COO role; he has been with Nevro for eight years.
SI joint business: over 220 physicians trained on Nevro1™, one of three SI joint products.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEVRO CORP updated its full-year 2024 guidance (raised).

Period: full-year 2024
Guidance: raised
Result: guidance update

Exact text from the filing

reaffirming our revenue guidance of $435 million to $445 million for the full-year 2024

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEVRO CORP updated its full-year 2024 guidance (raised).

Period: full-year 2024
Guidance: raised
Result: guidance update

Exact text from the filing

raising our adjusted EBITDA guidance to a range of a loss of $5 million to positive $2 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEVRO CORP reported first quarter 2024 results: revenue $101.9 million, net income loss of $35.8 million.

Period: first quarter 2024
Revenue: $101.9 million
Net income: loss of $35.8 million
Result: reported results

Exact text from the filing

Worldwide revenue grew to $101.9 million, an increase of 5.8% as reported and 5.6% on a constant currency basis.

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Source: SEC EDGAR

accession 0000950170-24-054492

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