CVRx reports preliminary Q4 revenue up ~91-94% YoY; FY2023 guidance $35-38M

CVRx, Inc.

2022-FY EPS reported -$2.02 revenue$22,469,000

Q4 2022 revenue $7.0-7.1M (+91-94% YoY); U.S. heart failure revenue $5.9M.
FY2022 revenue $22.3-22.4M (+71-72%); 106 active implanting centers (up from 91).
Cash and equivalents $106M as of Dec 31, 2022; 26 U.S. sales territories.
FY2023 guidance: revenue $35-38M, gross margin 78-79%, operating expenses $76-80M.
Q1 2023 revenue expected $7.1-7.5M.

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 0.9

CVRx, Inc. reported the full year of 2023 results: revenue between $35.0 million and $38.0 million. Guidance initiated.

Period: the full year of 2023
Revenue: between $35.0 million and $38.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Total revenue between $35.0 million and $38.0 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CVRx, Inc. reported the first quarter of 2023 results: revenue between $7.1 million and $7.5 million. Guidance initiated.

Period: the first quarter of 2023
Revenue: between $7.1 million and $7.5 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Total revenue between $7.1 million and $7.5 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CVRx, Inc. reported the quarter ended December 31, 2022 results: revenue in the range of approximately $7.0 million to $7.1 million.

Period: the quarter ended December 31, 2022
Revenue: in the range of approximately $7.0 million to $7.1 million
Result: preliminary results

Exact text from the filing

Total revenue for the fourth quarter of 2022 is expected to be in the range of approximately $7.0 million to $7.1 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CVRx, Inc. reported the fiscal year ended December 31, 2022 results: revenue in the range of approximately $22.3 million to $22.4 million.

Period: the fiscal year ended December 31, 2022
Revenue: in the range of approximately $22.3 million to $22.4 million
Result: preliminary results

Exact text from the filing

Total revenue for full year 2022 is expected to be in the range of approximately $22.3 million to $22.4 million

View on SEC.gov

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CVRx, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-002098

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