Pulmonx reported a 17% increase in worldwide revenue, reaching $10.8 million in Q1 2022, with a gross margin of 75%. The company added 16 new U.S. treatment centers, increasing the total to 230.
Worldwide revenue increased by 17% to $10.8 million compared to the same period last year, and 20% on a constant currency basis.
Gross margin improved to 75% in the first quarter of 2022, up from 72% in the same period last year.
U.S. revenue grew by 40% compared to the first quarter of 2021.
16 new U.S. treatment centers for Zephyr Valves were added in Q1 2022, bringing the total to 230.
Pulmonx continues to expect revenue for the full year 2022 to be in the range of $55 million to $60 million. The Company also continues to expect total operating expenses for the full year 2022 to fall within the range of $100 million to $105 million inclusive of stock-based compensation.
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