NeuroMetrix Reports Q1 2020 Financial Results
NeuroMetrix, Inc. (NURO)
Last neurometrix, inc. earnings: 4/20 07:00 am
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US:NASDAQ Investor Relations:
investor.neurometrix.com/investor-relations
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Source: GlobeNewswire
WOBURN, Mass., April 23, 2020 (GLOBE NEWSWIRE) -- NeuroMetrix, Inc. (Nasdaq: NURO) today reported financial and business highlights for the quarter ended March 31, 2020. The Company is a leading developer of neurostimulation-based medical devices that are used to diagnose and treat chronic health conditions. Q1 2020 Highlights: Total revenue in Q1 2020 was $2.2 million. Revenue was adversely impacted by a drop-off in business activity in March due to the COVID-19 pandemic. Q1 2020 gross margin was $1.6 million or 71.4%, which is the highest gross margin percentage that Company has achieved since 2009. DPNCheck® revenue was a record $1.3 million despite the sales drop-off in March. Substantial progress was made on the second generation DPNCheck system that is targeted for launch in late 2020. This product will position the DPNCheck business for long-term revenue growth. ADVANCE™ revenue was $260 thousand in Q1 2020. The Company has been managing this business for cash flow for
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News
- NeuroMetrix, Inc. (NASDAQ: NURO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- NeuroMetrix, Inc.'s (NASDAQ:NURO) CEO Might Not Expect Shareholders To Be So Generous This Year [Yahoo! Finance]Yahoo! Finance
- NeuroMetrix names new independent director, terminates equity program; shares up [Seeking Alpha]Seeking Alpha
- NeuroMetrix Announces Steps Taken to Enhance Shareholder Value [Yahoo! Finance]Yahoo! Finance
- NeuroMetrix Announces Steps Taken to Enhance Shareholder ValueGlobeNewswire
NURO
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- NURO's page on the SEC website