ProSomnus Reports Record Fourth Quarter and Fiscal Year 2023 Financial Results
ProSomnus, Inc. (OSA)
Company Research
Source: GlobeNewswire
PLEASANTON, Calif., March 26, 2024 (GLOBE NEWSWIRE) -- ProSomnus, Inc. (NASDAQ: OSA), the leading non-CPAP therapy™ for the treatment of Obstructive Sleep Apnea (OSA), today announced financial results for the fourth quarter and year ended December 31, 2023. Recent Business Highlights Generated record revenues of $7.8 million for the fourth quarter and $27.7 million for the fiscal year 2023, a 35% increase compared to $5.8 million for the fourth quarter 2022 and 43% increase compared to $19.4 million for fiscal year 2022. The quarter marked the eighth (8th) sequential quarter of record revenues.Continued focus on implementing reductions in operating expenses. Operating expenses, excluding cost of revenue, decreased over 8% compared to operating expenses reported for the second quarter of 2024 and decreased nearly 19% as a percentage of revenue over the same period.Initiated comprehensive review of financing and strategic alternatives to strengthen the balance sheet and fund futur
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News
- ProSomnus Reschedules Fourth Quarter and Fiscal Year 2023 Investor and Business Update CallGlobeNewswire
- ProSomnus Reports Successful Pilot Study Validation of Next Generation Remote Patient Monitoring Device for Obstructive Sleep ApneaGlobeNewswire
- ProSomnus Announces Fourth Quarter and Fiscal Year 2023 Investor and Business Update Call and Participation at the 36th Annual ROTH Conference in March 2024GlobeNewswire
OSA
Earnings
- 11/9/23 - Miss
OSA
Sec Filings
- 4/30/24 - Form 8-K
- 4/18/24 - Form 8-K
- 3/27/24 - Form 10-K
- OSA's page on the SEC website