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MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — CVRx Inc. (CVRX) on Thursday reported a loss of $13.8 million in its first quarter.
The Minneapolis-based company said it had a loss of 53 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.
The medical device company posted revenue of $12.3 million in the period.
For the current quarter ending in June, CVRx said it expects revenue in the range of $13 million to $14 million.
The company expects full-year revenue in the range of $55 million to $58 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