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Stock impact report

Tivic Reports First Quarter 2024 Financial Results and Subsequent Events [Yahoo! Finance]

Tivic Health Systems, Inc. (TIVC) 
Company Research Source: Yahoo! Finance
bioelectronic medicine, today announced its first quarter 2024 financial results with discussion of subsequent events. "Q1 2024 and the weeks thereafter represent a critical juncture in Tivic's advancement in the bioelectronics field. We increased gross profit and reduced operating loss year-over-year by stabilizing our cost of goods, improving our technology, simplifying our sales channels, and focusing our marketing strategies, resulting in nearly 30% reduction in operating loss," said Jennifer Ernst, CEO of Tivic Health. "We also passed a major milestone in our non-invasive vagus nerve stimulation (nVNS) program, completing enrollment in our clinical research at the Feinstein Institutes for Medical Research at Northwell Health in Q1 2024. We subsequently announced in May that, with a non-invasive VNS system, we had successfully demonstrate substantive changes in heart rate variability, autonomic nervous system activity and neurologic activity, at magnitudes equivalent in many c Show less Read more
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