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CVRx: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — CVRx Inc. (CVRX) on Monday reported a loss of $14 million in its second quarter.

The Minneapolis-based company said it had a loss of 65 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share.

The medical device company posted revenue of $11.8 million in the period, which met Street forecasts.

For the current quarter ending in September, CVRx said it expects revenue in the range of $12.7 million to $13.7 million.

The company expects full-year revenue in the range of $50 million to $53 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