CVRx beats Q3 revenue expectations, gross margin climbs

Reuters11-06
CVRx beats Q3 revenue expectations, gross margin climbs

Overview

  • CVRx Q3 2025 revenue grows 10% yr/yr, beating analysts' expectations

  • U.S. revenue for Q3 2025 increases 10% yr/yr, driven by Barostim awareness

  • Gross margin rises to 87% in Q3 2025 due to higher selling prices, efficiencies

Outlook

  • CVRx expects full-year 2025 revenue between $55.6 mln and $56.6 mln

  • Company forecasts Q4 2025 revenue between $15.0 mln and $16.0 mln

  • CVRx raises full-year 2025 gross margin guidance to 85%-86%

Result Drivers

  • U.S. GROWTH - Expansion into new sales territories and increased Barostim awareness drove 10% revenue growth in the U.S.

  • IMPLANTING CENTERS - Active implanting centers in the U.S. grew to 250, supporting higher implant volumes

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$14.69 mln

$14.20 mln (7 Analysts)

Q3 EPS

-$0.49

Q3 Net Income

-$12.87 mln

Q3 Gross Margin

87.00%

Q3 Basic EPS

-$0.49

Q3 Gross Profit

$12.75 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

  • Wall Street's median 12-month price target for CVRx Inc is $12.00, about 16.8% above its November 4 closing price of $9.99

Press Release: ID:nGNX85Lwz5

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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