earnings
confidence high
sentiment neutral
materiality 0.65
Movano Health Q1 2023 net loss $7.1M; Evie Ring launch planned September at $269
Corvex, Inc.
2023-Q1 EPS reported
-$0.19
- Net loss of $7.1M ($0.19 per share) in Q1 2023 vs $6.9M loss in Q1 2022; no revenue generated.
- Evie Ring to launch September 2023 at $269 with no subscription; 510(k) submission for heart rate/SpO2 expected June 2023.
- Over 80,000 sign-ups and nearly 500,000 website visits since Evie Ring announcement at CES in January 2023.
- Completed first beta programs with four partners; second beta round by early July includes global athletic apparel company.
- Completed blood pressure clinical trial with 50+ subjects using proprietary RF single-chip solution; glucose trial planned.