NeuroPace Q2 revenue $19.3M (+17% YoY); raises FY2024 guidance to $76-78M

NeuroPace Inc

2024-Q2 EPS reported -$0.58 revenue$37,380,000

Revenue $19.3M (17% YoY) vs $16.5M; net loss $7.5M vs $9.1M prior year.
Gross margin expanded to 73.4% from 72.5%; operating loss narrowed to $6.2M.
Cash burn improved to $4.0M; cash & investments $55.5M; long-term debt $59.0M.
FY2024 revenue guidance raised to $76-78M (16-19% growth); gross margin 72-74%.
Operating expenses $20.4M; R&D $6.1M, SG&A $14.3M; cash burn reduction noted.

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