NASDAQ$CVRX

CVRx Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

CVRx's Q4 2021 financial performance more than doubled, driven by Barostim adoption and salesforce expansion.

CVRx reported a significant increase in revenue for Q4 2021, driven by the successful launch of Barostim for heart failure in the United States. Total revenue was $3.7 million, a 75% increase compared to the same period in the prior year. The company is focused on driving accelerated adoption by executing on its commercial strategy, which includes the continued expansion of its salesforce and the efforts to educate healthcare providers and consumers on the benefits of Barostim.

  • Revenue increased by 75% to $3.7 million compared to Q4 2020.
  • U.S. revenue increased by 244% to $2.9 million compared to Q4 2020.
  • U.S. HF revenue totaled $2.7 million, with 95 HF revenue units.
  • Gross profit increased by 63% to $2.7 million compared to Q4 2020.

Headline financials

Total Revenue

$3.66M

Previous: $2.09M+75.2%
EPS (adj)

-$0.52

Previous: -$9.45+94.5%
Active Implanting Centers in U.S.

46

No prior period
U.S. Revenue Units

95

Previous: 21+352.4%
Capital Expenditures

$538K

No prior period
Free Cash Flow

-$7.55M

No prior period
Net Income

-$10.6M

Previous: -$3.4M-211.6%
Operating Income

-$8.79M

Previous: -$2.14M-311.6%
Gross Profit

$2.7M

Previous: $1.64M+64.9%
Cash & Equivalents

$142M

No prior period
Total Assets

$153M

No prior period
Stock-Based Comp

$753K

No prior period

Revenue & EPS history

CVRx · Revenue · Quarterly

$3.66M

Q4 2021+75.2%vs Q4 2020
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

The Company expects to report total revenue between $3.6 million and $4.0 million for the first quarter of 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.9%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-1.6%

Avg return

30 days after

48%

10 / 21 earnings

Positive

+36.7%

Q3 2024

Best reaction

-39.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.7%-13.3%-29.2%
Q4 2025-13.0%-14.8%+32.3%
Q3 2025+0.8%-3.4%-8.5%
Q1 2025-39.0%-32.0%-15.7%
Q4 2024-7.2%-8.4%-28.8%
Q3 2024+36.7%+30.2%+48.8%
Q2 2024-17.5%-14.4%+3.3%
Q1 2024-33.8%-39.7%-55.0%
Q4 2023-1.4%-6.1%-19.6%
Q3 2023-1.2%+0.5%+50.4%
Q2 2023+6.2%+5.7%+2.3%
Q1 2023+24.0%+34.2%+41.1%
Q4 2022+3.1%+5.9%-24.2%
Q3 2022+2.7%+21.4%+43.1%
Q2 2022+22.1%+24.6%+4.6%
Q1 2021-3.4%-12.0%-6.3%
Q1 2022+12.6%+28.5%+14.0%
Q4 2021+0.9%+0.0%-21.2%
Q3 2021+4.8%+4.1%-36.5%
Q2 2020-4.7%-13.0%-13.0%
Q2 2021-5.6%-7.5%-15.8%
Q4 2020
Q3 2020
Q1 2020

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