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NEWS ER TODAY

CVRx Reports Third Quarter 2024 Financial and Operating Results
Positive
▪️Revenue growth of 27% YoY to $13.4 million
▪️U.S. Heart Failure revenue increased 30% to $12.2 million
▪️Active implanting centers grew 31% to 208
▪️Hospital reimbursement increased from $17-23K to $43K per procedure
▪️Secured Category I CPT codes for improved reimbursement
▪️Strong cash position of $100.2 million
▪️Gross margin maintained at 83%

Negative
▪️Net loss increased to $13.1 million from $9.0 million YoY
▪️SG&A expenses increased 38% to $21.6 million
▪️Cash burn of $10.4 million in Q3
▪️Operating expenses guidance increased to $100 million
▪️Revenue guidance narrowed downward to $50.5-$51.5 million
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