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Jun 30, 2023
CVRx Q2 2023 Earnings Report
CVRx reported an impressive quarter, driven by U.S. heart failure business growth and continued execution of commercial strategy.
Key Takeaways
CVRx reported an 89% increase in revenue to $9.5 million for Q2 2023, driven by a 111% increase in U.S. revenue. Gross profit increased by 108% to $8.0 million, with a gross margin of 84%. Net loss was $11.7 million, or $0.56 per share.
Revenue increased by 89% to $9.5 million compared to the prior year quarter.
U.S. revenue increased by 111% to $8.3 million compared to the prior year quarter.
Gross profit increased by 108% to $8.0 million with gross margin at 84%.
The number of sales territories in the U.S. increased by three to a total of 32.
CVRx
CVRx
CVRx Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
The Company expects to report total revenue between $9.5 million and $10.2 million for the third quarter of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income