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ClearPoint Neuro to Announce Fourth Quarter and Full Year 2022 Revenue Results March 1, 2023

Key Takeaway: ClearPoint Neuro, Inc. is set to announce its financial results for the fourth quarter and full year 2022 on March 1, 2023. Following the announcement, a live broadcast will summarize the results, with access for investors and analysts by telephone or online. As a company focused on neurological disorder therapies, ClearPoint Neuro has established a significant market presence, supported by partnerships with numerous pharmaceutical companies. However, various uncertainties and risks could impact its future performance.

Market Sentiment Analysis

POSITIVE FACTORS

  • ClearPoint Neuro is expanding its market presence with FDA clearance and installations in over 65 sites.
  • The company has partnered with more than 50 pharmaceutical companies and academic institutions.
  • The upcoming earnings announcement provides an opportunity for investors to assess the company's performance.

CONCERNS & RISKS

  • Uncertainties and risks related to COVID-19 and macroeconomic factors may impact future revenue.
  • Reliance on biologics and drug delivery partners for commercial success poses a risk.
  • Risks inherent in research, development, and regulatory approval of new products could hinder growth.

Full Press Release Details

SOLANA BEACH, Calif., Feb. 15, 2023 (GLOBE NEWSWIRE) -- ClearPoint Neuro, Inc. (Nasdaq: CLPT) (the “Company”), a global therapy-enabling platform company providing navigation and delivery to the brain, today announced that it will release financial results for its 2022 fourth quarter and full year on Wednesday, March 1, 2023, after the market close.
Investors and analysts are invited to listen to a live broadcast review of the Company's 2022 fourth quarter and full year results on Wednesday, March 1, 2023, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) which may be accessed online here. Investors and analysts who would like to participate in the conference call via telephone may do so at (877) 407-9034, or at (202) 493-6737 if calling from outside the U.S. or Canada.
For those who cannot access the live broadcast, a replay will be available shortly after the completion of the call until March 31, 2023, by calling (877) 660-6853, or (201) 612-7415, if calling from outside the U.S. or Canada, and then entering conference I.D. number 413671. An online archive of the broadcast will be available on the Company's Investor website at https://ir.clearpointneuro.com/.
About ClearPoint Neuro
ClearPoint Neuro’s mission is to improve and restore quality of life to patients and their families by enabling therapies for the most complex neurological disorders with pinpoint accuracy. Applications of the Company’s current product portfolio include deep brain stimulation, laser ablation, biopsy, and delivery of drugs, biologics, and gene therapy to the brain. The ClearPoint® Neuro Navigation System has FDA clearance, is CE-marked, and is installed in more than 65 sites in North America, Europe, and South America. ClearPoint Neuro is partnered with more than 50 biologics/pharmaceutical companies, academic centers, and contract research organizations, providing solutions for direct CNS delivery of therapeutics in pre-clinical studies and clinical trials worldwide. To date, more than 5,000 procedures have been performed and supported by the Company’s field-based clinical specialist team, which offers support and services to our customers and partners. For more information, please visit www.clearpointneuro.com.
Forward-Looking Statements
Statements in this press release and in the teleconference referenced above concerning the Company’s plans, growth and strategies may include forward-looking statements within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, the size of total addressable markets or the market opportunity for the Company’s products and services, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. Uncertainties and risks may cause the Company's actual results to differ materially from those expressed in or implied by forward-looking statements. Particular uncertainties and risks include those relating to: the impact of the COVID-19 pandemic, global instability, supply chain disruptions, labor shortages, and macroeconomic and inflationary conditions; future revenue from sales of the Company’s ClearPoint Neuro Navigation System and other new products offered by the Company; the Company’s ability to market, commercialize and achieve broader market acceptance for the Company’s ClearPoint Neuro Navigation System and other new products offered by the Company; the ability of our biologics and drug delivery partners to achieve commercial success, including their use of our products and services in their delivery of therapies; and risks inherent in the research, development, and regulatory approval of new products. More detailed information on these and additional factors that could affect the Company’s actual results are described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2022, both of which have been filed with the Securities and Exchange Commission, and the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which the Company intends to file with the Securities and Exchange Commission on or before March 31, 2023.

Contact Data

Danilo D’Alessandro, Chief Financial Officer
Caroline Corner, Investor Relations

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Frequently Asked Questions

When will ClearPoint Neuro release its 2022 financial results?

ClearPoint Neuro will announce its 2022 financial results on March 1, 2023.

What time is the live broadcast for ClearPoint's financial results?

The live broadcast will occur at 4:30 p.m. Eastern time on March 1, 2023.

How can I access the replay of the financial results call?

The replay can be accessed until March 31, 2023, using conference ID number 413671.

What is ClearPoint Neuro's mission?

ClearPoint Neuro aims to enhance the quality of life for patients with complex neurological disorders.

How many procedures have been supported by ClearPoint Neuro?

Over 5,000 procedures have been performed with the support of ClearPoint Neuro.

Last updated: Feb 15, 2023