MINNEAPOLIS (AP) _ CVRx Inc. (CVRX) on Thursday reported a loss of $10.5 million in its fourth quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 51 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share.
The medical device company posted revenue of $7.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $6.8 million.
For the year, the company reported that its loss narrowed to $41.4 million, or $2.02 per share. Revenue was reported as $22.5 million.
For the current quarter ending in March, CVRx said it expects revenue in the range of $7.1 million to $7.5 million.
The company expects full-year revenue in the range of $35 million to $38 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVRX at https://www.zacks.com/ap/CVRX
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