Invuity, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2016; Revises Revenue Guidance for the Year 2016; Provides Earnings Guidance for the Year 2017
For the nine months, the company reported revenue of $23,106,000 against $14,784,000 a year ago. Loss from operations was $29,607,000 against $25,640,000 a year ago. Net loss and comprehensive loss was $31,060,000 or $2.19 per basic and diluted share against $27,516,000 or $4.84 per basic and diluted share a year ago.
The company now expects revenue for 2016 to range from $32 million to $32.5 million, as compared to prior guidance of $35 million to $37 million. Current guidance represents annual growth of approximately 50% over 2015.
The company is introducing revenue guidance for 2017 in the range of $42 million to $44 million.