Invuity, Inc. reported unaudited earnings results for the third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported revenue of $8,478,000 against $5,595,000 a year ago. Loss from operations was $8,346,000 against $8,662,000 a year ago. Net loss and comprehensive loss was $8,821,000 or $0.56 per basic and diluted share against $9,138,000 or $0.69 per basic and diluted share a year ago.

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.