Neuronetics Second Quarter 2024 Earnings: Misses Expectations

Neuronetics (NASDAQ:STIM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$16.5m (down 6.6% from 2Q 2023).
• Net loss: US$9.83m (loss widened by 101% from 2Q 2023).
• US$0.33 loss per share (further deteriorated from US$0.17 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Neuronetics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 56% from a week ago.

Risk Analysis

Be aware that Neuronetics is showing 4 warning signs in our investment analysis and 1 of those is a bit concerning...

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