Company Expects Q4 2025 Revenue of $15.9M to $16.1M
Total revenue for the fourth quarter of 2025 is expected to be in the range of approximately $15.9 million to $16.1 million, representing an increase of approximately 4% to 5% over fourth quarter 2024 revenue of $15.3 million. Total revenue for full year 2025 is expected to be in the range of approximately $56.5 million to $56.7 million, representing an increase of approximately 10% to 11% over full year 2024 revenue of $51.3 million. As of December 31, 2025, the Company had a total of 252 active implanting centers, as compared to 250 as of September 30, 2025. The number of sales territories in the U.S. increased by three to a total of 53 during the three months ended December 31, 2025. As of December 31, 2025, cash and cash equivalents were $75.7 million.
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- Shareholder Rights Investigation: Bragar Eagel & Squire, P.C. is investigating whether CVRx has violated federal securities laws, which could impact the company's reputation and stock price significantly.
- Performance Decline Impact: On April 7, 2025, CVRx announced weaker-than-expected preliminary first-quarter results, causing its stock price to plummet from $11.54 to $6.20, a 46.3% drop, reflecting market concerns over the development of its sales representatives.
- Sales Team Changes: During the earnings call on May 8, 2025, CEO Hykes noted that 25% of territory managers were hired in a short period, indicating significant adjustments in the sales team, which further raised investor concerns about performance.
- Call for Action: Bragar Eagel & Squire encourages affected investors to contact their attorneys to understand their legal rights, demonstrating the firm's commitment to protecting shareholder interests, which may influence the outcomes of future legal actions.
- Performance Decline: On April 7, 2025, CVRx reported weaker-than-expected preliminary Q1 results, causing shares to plummet from $11.54 to $6.20, a 46.3% drop, indicating issues with the development of new sales representatives and eroding market confidence.
- Sales Team Changes: During the earnings call on May 8, 2025, CEO Hykes disclosed that 25% of territory managers were replaced in a short period, leading to further declines in performance and shares falling from $7.78 to $4.77, a 38.8% drop, highlighting significant missteps in management's sales strategy.
- Legal Investigation Initiated: Kirby McInerney LLP is investigating whether CVRx violated federal securities laws or engaged in unlawful business practices; while no lawsuit has been filed yet, this inquiry could have profound implications for the company's future legal liabilities and financial health.
- Investor Attention: With no lawsuits currently filed, investors with information or interest in the investigation are encouraged to contact the law firm, reflecting growing concern over CVRx's future and potential legal rights.
- Securities Fraud Investigation: Pomerantz LLP is investigating whether CVRx and its executives have engaged in securities fraud or other unlawful business practices, potentially leading to significant losses for investors.
- Poor Performance Impact: CVRx's preliminary first-quarter results announced on April 7, 2025, fell short of expectations, causing the stock price to plummet 46.3% to $6.20 per share the following day, reflecting market concerns over the development of the company's sales representatives.
- Sales Team Changes: On May 8, 2025, CVRx reported weak first-quarter results and lowered its full-year revenue guidance, with the CEO noting that 25% of territory managers were replaced in a short period, exacerbating market worries about the company's future performance.
- Continued Stock Decline: Following the disappointing results, CVRx's stock price fell another 38.7% to $4.77 per share on May 9, 2025, indicating a severe lack of investor confidence in the company's outlook.
- Trial Launch: CVRx initiated the BENEFIT-HF clinical trial on Thursday, a landmark randomized study aimed at evaluating the impact of Barostim in a significantly expanded heart failure population, targeting enrollment of 2,500 patients, making it one of the largest therapeutic cardiac device trials in heart failure.
- Device Overview: Barostim is an implantable device that delivers electrical signals to baroreceptors on the carotid artery, enhancing autonomic nervous system balance and improving heart failure symptoms; it received FDA approval in 2019 and is commercially available in the U.S. and Europe.
- Market Potential: If successful, the BENEFIT-HF trial could expand the indicated patient population for Barostim by approximately three times, significantly broadening access to this neuromodulation-based heart failure management approach, which analysts believe will greatly enhance the company's total addressable market.
- Revenue Expectations: Analysts estimate that around 1,650 patients will receive Barostim therapy during the trial, with an assumed price of $30,000 per device, potentially generating an additional $50 million in top-line revenue, further boosting CVRx's market performance.
- Performance Decline Reason: CVRx attributed its weak first-quarter results in 2024 to disruptions in the salesforce caused by the retirement of the previous CEO, which adversely affected market development and the adoption of Barostim therapy.
- Stock Price Volatility: On April 8, 2025, CVRx's stock plummeted 46.3%, falling $5.34 to $6.20 per share due to disappointing preliminary results, indicating strong investor concerns about the company's outlook.
- Sales Team Restructuring Impact: During the earnings call on May 9, 2025, CEO Kevin Hykes noted that 25% of territory managers were newly hired, leading to significant variability in productivity among new hires, which further exacerbated market uncertainty.
- Investor Loss Investigation: Wolf Popper LLP is investigating potential claims on behalf of investors who suffered losses trading CVRx stock, reflecting heightened market scrutiny regarding the company's governance and management transitions.

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