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Stock impact report

NeuroPace (NPCE) Q2 Earnings Beat, '24 Sales View Up [Yahoo! Finance]

Neuropace, Inc. (NPCE) 
Company Research Source: Yahoo! Finance
The figure was also narrower than the Zacks Consensus Estimate of a loss of 29 cents per share. Q2 Revenues Revenues totaled $19.3 million, up 16.9% year over year. The figure topped the Zacks Consensus Estimate by 2.9%. The revenue growth was driven by increased sales of the RNS System. Margins The gross profit in the reported quarter was $14.1 million, up 18.1% year over year. The gross margin expanded 89 basis points (bps) to 73.4% despite a 12.9% rise in the cost of sales. SG&A expenses declined 1.3% to $14.3 million. R&D expenses rose 13.5% to $6.1 million. The company registered an adjusted operating loss of $6.2 million in the second quarter compared with a loss of $7.9 million in the year-ago period. Financial Position NeuroPace exited the reported quarter with cash and cash equivalents of $12.8 million compared with $12.9 million at the end of the first quarter of 2024. Updated 2024 Guidance The company raised its revenue outlook for 2024. For the full y Show less Read more
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