Neuronetics: Q3 Earnings Snapshot
News > National News
Audio By Carbonatix
4:19 AM on Tuesday, November 12, 2024
The Associated Press
MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Neuronetics Inc. (STIM) on Tuesday reported a loss of $13.3 million in its third quarter.
The Malvern, Pennsylvania-based company said it had a loss of 44 cents per share. Losses, adjusted to extinguish debt, came to 29 cents per share.
The medical device company focused on psychiatric disorders posted revenue of $18.5 million in the period.
For the current quarter ending in December, Neuronetics said it expects revenue in the range of $19 million to $20 million.
The company expects full-year revenue in the range of $71 million to $72 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 STIM at https://www.zacks.com/ap/STIM
