secwatch.observer — SEC 8-K summary
======================================

Issuer:     CVRx, Inc. (CVRX)
CIK:        0001235912
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001104659-24-002089
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVRx reports prelim Q4 revenue ~$11.2M (+57% YoY), FY2023 ~$39.2M (+74%); CEO Yared plans retirement
--------------------------------------------------------------------------------

- Preliminary Q4 2023 revenue $11.2M-$11.3M, up 56-58% YoY from $7.2M.
- Preliminary FY2023 revenue $39.2M-$39.3M, up 74-75% YoY from $22.5M.
- FY2024 guidance: revenue $53M-$57M, gross margin 83-84%, OpEx $86M-$90M.
- Active implanting centers grew to 178 (up from 159); cash $91M as of Dec 31, 2023.
- CEO Nadim Yared plans to retire after successor identified; board search underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1235912/000110465924002089/0001104659-24-002089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1235912/000110465924002089/tm242330d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-002089

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