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Stock impact report

CVRx Inc (CVRX) Reports Substantial Revenue Growth in 2023 [Yahoo! Finance]

CVRx, Inc. (CVRX) 
Company Research Source: Yahoo! Finance
Gross Margin Improvement : Gross margin improved to 84% for the year, reflecting higher efficiency and pricing strategies. Net Loss Narrowing : The company's net loss slightly decreased to $41.2 million in 2023 from $41.4 million in 2022. Operating Expenses : R&D expenses increased by 17%, while SG&A expenses rose by 29% due to expansion efforts. Cash Position : CVRx Inc ( NASDAQ:CVRX ) ended the year with $90.6 million in cash and cash equivalents. 2024 Outlook : The company anticipates total revenue between $11.0 million and $12.0 million for Q1 2024. Warning! GuruFocus has detected 1 Warning Sign with CVRX. On January 25, 2024, CVRx Inc ( NASDAQ:CVRX ), a leader in neuromodulation solutions for cardiovascular diseases, announced its financial and operating results for the fourth quarter and full year of 2023 through its 8-K filing . The company's proprietary Barostim technology continues to gain traction, particularly in the U.S. market, which is the primary revenue dr Show less Read more
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