Avinger Inc reports results for the quarter ended September 30 - Earnings Summary

• Avinger Inc AVGR.OQ reported a quarterly adjusted loss of $1.82​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-2.92. The lone analyst forecast for the quarter was for a loss of $2.03 per share.

• Revenue fell 9.2% to $1.65 million from a year ago; analysts expected $1.64 million.

• Avinger Inc's reported EPS for the quarter was a loss of $1.82​.

• The company reported a quarterly loss of $4.06 million.

• Avinger Inc shares had fallen by 14.6% this quarter and lost 70.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Avinger Inc is $5.00

This summary was machine generated from LSEG data November 8 at 09:03 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)