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Stock impact report

NeuroPace Reports Third Quarter 2024 Financial Results and Increases 2024 Revenue Guidance

Neuropace, Inc. (NPCE) 
Company Research Source: GlobeNewswire
-- Grew revenue 28% year-over-year to $21.1 million in Q3 2024 -- -- Increased full-year 2024 revenue guidance to $78 million to $80 million -- -- Demonstrated continued operating discipline through further decrease in cash burn -- -- Management scheduled to host a conference call today at 4:30 p.m. ET -- MOUNTAIN VIEW, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- NeuroPace, Inc. (Nasdaq: NPCE), a medical device company focused on transforming the lives of people living with epilepsy, today reported financial results for the third quarter ended September 30, 2024, and provided a corporate update. Recent Highlights Reported record revenue of $21.1 million in the third quarter of 2024, a 28% increase compared with $16.4 million for the third quarter of 2023 primarily driven by increased sales of the RNS SystemDelivered strong gross margin at 73.2%, well within the Company’s guided rangeDecreased cash burn to $1.8 million in the third quarter of 2024 compared to $2.3 million in the Show less Read more
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