Neuronetics: Q4 Earnings Snapshot

By The Associated Press

Posted March 7, 2023 7:48 am.

Last Updated March 7, 2023 8:02 am.

MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Neuronetics Inc. (STIM) on Tuesday reported a loss of $8.3 million in its fourth quarter.

The Malvern, Pennsylvania-based company said it had a loss of 30 cents per share.

The medical device company focused on psychiatric disorders posted revenue of $18.2 million in the period.

For the year, the company reported a loss of $37.2 million, or $1.38 per share. Revenue was reported as $65.2 million.

For the current quarter ending in March, Neuronetics said it expects revenue in the range of $15 million to $16 million.

The company expects full-year revenue in the range of $66 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

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