---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056950"
form_type: "8-K"
ticker: null
cik: "0001253176"
company_name: "VAPOTHERM INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:59:57.028465+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-056950
- form_type: 8-K
- cik: 0001253176
- company_name: VAPOTHERM INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1253176/000095017024056950/0000950170-24-056950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1253176/000095017024056950/vapo-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056950
- JSON: https://secwatch.observer/filing/0000950170-24-056950.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056950.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1253176/000095017024056950/0000950170-24-056950-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.