Avinger Q3 2022 Earnings Report
Key Takeaways
Avinger reported a revenue of $2.3 million for the third quarter of 2022, representing a 6% increase from the second quarter. The gross margin was 35%, reflecting increased revenue and capital sales. The company's cash position increased to $17.3 million at the end of the quarter.
Third quarter revenue of $2.3 million, representing a 6% increase from the second quarter of 2022.
Gross margin of 35%, with increased revenue and capital sales driving a 4-percentage point improvement from the second quarter.
Expanded penetration of Lightbox 3 next-generation imaging console with over 400 cases performed in more than 50 clinical sites since launch.
Increased cash position to $17.3 million at September 30, 2022, which includes proceeds from an equity financing completed in August 2022