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Mar 31, 2023
Avinger Q1 2023 Earnings Report
Reported first quarter results, achieving revenue of $1.9 million and a gross margin of 34%.
Key Takeaways
Avinger, Inc. reported first quarter 2023 results with a revenue of $1.9 million and a gross margin of 34%. The company received 510(k) clearance for Tigereye ST and filed a 510(k) submission for the new Pantheris LV. They maintained a cash position of $10.4 million at the end of the quarter.
First quarter revenue of $1.9 million, and gross margin of 34%.
Received 510(k) clearance for Tigereye ST and initiated limited launch activities in the second quarter.
Filed a 510(k) submission for the new Pantheris LV and advanced the review process.
Maintained a cash position of $10.4 million at March 31, 2023