In This Article:
MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — CVRx Inc. (CVRX) on Tuesday reported a loss of $10.7 million in its fourth quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 43 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
The medical device company posted revenue of $15.3 million in the period.
For the year, the company reported a loss of $60 million, or $2.65 per share. Revenue was reported as $51.3 million.
For the current quarter ending in March, CVRx said it expects revenue in the range of $14.5 million to $15 million.
The company expects full-year revenue in the range of $63 million to $65 million.
_____
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