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CVRx: Q4 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — CVRx Inc. (CVRX) on Thursday reported a loss of $11.9 million in its fourth quarter.

The Minneapolis-based company said it had a loss of 46 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The medical device company posted revenue of $16 million in the period.

For the year, the company reported a loss of $53.3 million, or $2.04 per share. Revenue was reported as $56.7 million.

For the current quarter ending in March, CVRx said it expects revenue in the range of $13.7 million to $14.7 million.

The company expects full-year revenue in the range of $63 million to $67 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVRX at https://www.zacks.com/ap/CVRX

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updated by pwenzel 3:13pm
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