Vapotherm Q1 net revenue up 7.9% to $19.1M; gross margin improves to 50.5%

VAPOTHERM INC

2024-Q1 EPS reported -$2.31 revenue$19,134,000

GAAP net loss $14.8M ($2.31/share) vs $18.1M ($3.56/share) in Q1 2023.
Disposables revenue grew 13.5% YoY to $14.1M; capital revenue declined 9.1%.
Adjusted EBITDA loss narrowed to -$2.4M from -$9.2M in prior-year quarter.
Unrestricted cash dropped to $3.3M at March 31, 2024, from $9.7M at Dec 31, 2023.
Company cites Path to Profitability initiatives and upcoming Access365 home ventilation launch.

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

VAPOTHERM INC reported first quarter ended March 31, 2024 results: revenue $19.1 million, net income $14.8 million net loss, EPS $2.31 per share.

Period: first quarter ended March 31, 2024
Revenue: $19.1 million
Net income: $14.8 million net loss
EPS: $2.31 per share
Result: reported results

Exact text from the filing

first quarter 2024 financial results and related highlights. First Quarter 2024 Financial Results and Related Highlights • Net revenue for the first quarter of 2024 was $19.1 million, an increase of 7.9% as compared to the first quarter of 2023 o Disposables revenue increased by 13.5% as compared to the first quarter of 2023 • Gross margin in the first

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Source: SEC EDGAR

accession 0000950170-24-056950

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