Avinger Q2 2022 Earnings Report
Key Takeaways
Avinger reported a revenue of $2.1 million for the second quarter of 2022, representing a 13% increase from the first quarter of 2022. The company's gross margin was 31%, with increased revenue levels driving a 3 percentage point improvement from the first quarter. They maintained a strong cash position of $16.0 million at June 30, 2022.
Second quarter revenue of $2.1 million, representing a 13% increase from the first quarter of 2022
Gross margin of 31%, with increased revenue levels driving a 3 percentage point improvement from the first quarter
Expanded to full commercial launch for the Lightbox 3 next-generation imaging console
Maintained a strong cash position of $16.0 million at June 30, 2022, enhanced by the addition of $5.0 million in gross proceeds raised in August 2022
Avinger
Avinger
Forward Guidance
This news release contains forward-looking statements regarding our future performance, patient and physician benefits of our products, including from Lightbox 3, the impacts of our products on the treatment of vascular disease, our ability to successfully develop new products, including products relating to the treatment of CAD, the timing of the development of new products, the impact of products developed for the treatment of CAD on our business and results of operations, the potential success of our coronary product application and the potential submission of a 510(k) application for Pantheris LV.