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Sep 30, 2020
Pulmonx Q3 2020 Earnings Report
Reported financial results, showing revenue increase and gross margin relatively flat.
Key Takeaways
Pulmonx reported a 17% increase in revenue compared to the same quarter last year, with a relatively flat gross margin. The company completed an initial public offering, raising approximately $201.4 million. They also secured a positive coverage decision for Zephyr Valve from Health Care Service Corporation, adding 16 million additional lives under coverage.
Reported revenue of $10.6 million, a 17% increase over the same period last year.
Achieved gross margin of 70.3%, relatively flat compared to the third quarter of 2019.
Completed an initial public offering of 11.5 million shares, raising approximately $201.4 million in net proceeds.
Secured a positive coverage decision for Zephyr Valve from Health Care Service Corporation, adding 16 million additional lives under coverage
Forward Guidance
Pulmonx expects full year 2020 revenue to be in the range of $31.5-$32.0 million, while acknowledging the continued risk of uncertainty due to the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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