NeuroPace, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:56 pm EDT
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NeuroPace, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 16.51 million compared to USD 10.2 million a year ago. Net loss was USD 9.12 million compared to USD 12.69 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.52 a year ago.
For the six months, sales was USD 30.98 million compared to USD 21.57 million a year ago. Net loss was USD 19.5 million compared to USD 24.15 million a year ago. Basic loss per share from continuing operations was USD 0.77 compared to USD 0.99 a year ago.
NeuroPace, Inc. is a medical device company. The Company is focused on transforming the lives of people living with epilepsy by reducing or eliminating the occurrence of debilitating seizures. Its novel and differentiated RNS System is a brain-responsive platform that delivers personalized, real-time treatment at the seizure source. The Company has developed its RNS System to address the individualized nature of drug-resistant epilepsy and deliver a safe therapy for focal onset seizures anywhere in the brain. The RNS System is a device that records brain activity data and allows clinicians to monitor patients not only in person, but also remotely. RNS System monitors and analyzes the brainâs electrical activity, recognizes patient-specific abnormal patterns, and delivers treatment at the seizure source. The Companyâs RNS System is also engaged in treating other brain disorders, including depression, impulse control disorders, memory disorders, and post-traumatic stress disorder.