secwatch.observer — SEC 8-K summary
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Issuer:     VAPOTHERM INC (—)
CIK:        0001253176
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056950
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253176/000095017024056950/0000950170-24-056950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253176/000095017024056950/vapo-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056950

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