earnings
confidence high
sentiment negative
materiality 0.65
NeuroPace Q1 revenue $11.4M, net loss widens to $11.5M; guides FY2022 revenue $45-48M
NeuroPace Inc
2022-Q1 EPS reported
-$0.47
revenue$11,374,000
- Total revenue $11.4M (+2% YoY); initial implant rev $8.8M (+9%); replacement rev $2.6M (-16%).
- Net loss widened to $11.5M from $8.8M; operating expenses $18.0M vs $12.4M.
- Gross margin 73% vs 76% due to higher costs and COVID disruptions; cash $103.2M.
- FY2022 guidance: revenue $45-48M, initial implants $39-42M, opex $74-76M.
- On track to enroll first patients in NAUTILUS trial for generalized epilepsy expansion mid-2022.