Nevro Reports Third-Quarter 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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Source: PRnewswire
Financial Performance and Guidance: Nevro Corp. reported a third-quarter revenue of $96.9 million, down 6.7% from the previous year, while reaffirming its full-year 2024 revenue guidance of approximately $400 million to $405 million and raising its adjusted EBITDA guidance to a loss range of $18 million to $16 million.
Product Launches and Market Expansion: The company is set to fully launch its AI-driven technology HFX AdaptivAI by the end of November 2024 and has received regulatory approval to offer its HFX iQ system in Europe, with limited market releases expected in the fourth quarter of 2024 and full release planned for 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
