Nuvectra® Reports Second Quarter 2019 Financial Results
NUVECTRA CORP COMMON (NVTR)
Last nuvectra corp common earnings: 7/31 04:01 pm
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Source: GlobeNewswire
PLANO, Texas, July 31, 2019 (GLOBE NEWSWIRE) -- Nuvectra Corporation (NASDAQ: NVTR), a neurostimulation medical device company, announced today financial results for the second quarter ended June 30, 2019. Recent Business Highlights Algovita® revenues increased 7% year-over-year to $12.3 millionFiled regulatory submission with FDA for Algovita full-body MR conditional approvalHighlighted positive preliminary Algovita clinical data at the INS 14th Annual World CongressRevised full year 2019 Algovita revenue guidance to $50-55 million Fred Parks, Chief Executive Officer, commented, “Despite some short-term tactical issues, we are encouraged by our strategy to reinvigorate Algovita revenue growth. We remain confident in our ability to accomplish this by executing multiple initiatives, including continuing to enhance our peripheral device experience, expanding our addressable market upon full-body MR conditional approval, and optimizing our salesforce by rebalancing the team composit
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