Avinger

May 10, 2023

•

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

Total Revenue

$1.89M

Previous year: $1.89M