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ClearPoint Neuro to Announce Second Quarter 2024 Results August 7, 2024

Key Takeaway: ClearPoint Neuro, a company specializing in device, cell, and gene therapy technologies, announced it will release its financial results for the second quarter of 2024 on August 7. The company invites investors and analysts to participate in a subsequent conference call, which will also be available for replay. ClearPoint's flagship Neuro Navigation System has received significant regulatory approvals, underscoring its commitment to engaging with the healthcare sector globally. However, the company acknowledges various risks associated with forward-looking statements regarding its future performance and market acceptance.
Price reaction · baseline $7.59 (2024-07-16 close) · hit after-hours · clean, no other CLPT news in the window
day 0 close · peak
-4.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • ClearPoint Neuro will announce financial results, suggesting transparency.
  • Engagement with a diverse range of healthcare and research centers globally.
  • The company's flagship product has received FDA clearance and CE-marking.

CONCERNS & RISKS

  • Forward-looking statements indicate potential risks and uncertainties.
  • Concerns regarding global instability and supply chain disruptions.
  • The company faces challenges in achieving broad market acceptance of new products.

Full Press Release Details

SOLANA BEACH, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- ClearPoint Neuro, Inc. (NASDAQ: CLPT) (the “Company”), a global device, cell, and gene therapy-enabling company offering precise navigation to the brain and spine, today announced that it will release financial results for its 2024 second quarter on Wednesday, August 7th, after the market close.
Investors and analysts are invited to listen to the live broadcast review of the Company’s 2024 second quarter on Wednesday, August 7th 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 (888) 428-7458, or at (862) 298-0702 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 September 7, 2024, 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 is a device, cell, and gene therapy-enabling company offering precise navigation to the brain and spine. The Company uniquely provides both established clinical products as well as preclinical development services for controlled drug and device delivery. The Company’s flagship product, the ClearPoint Neuro Navigation System, has FDA clearance and is CE-marked. ClearPoint Neuro is engaged with healthcare and research centers in North America, Europe, Asia, and South America. The Company is also partnered with the most innovative pharmaceutical/biotech companies, academic centers, and contract research organizations, providing solutions for direct CNS delivery of therapeutics in preclinical studies and clinical trials worldwide. To date, thousands of 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 worldwide. 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, the Company’s expectation for revenues, operating expenses, the adequacy of cash and cash equivalent balances to support operations and meet future obligations, 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. These forward-looking statements are based on management’s current expectations and are subject to the risks inherent in the business, which 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: global and political instability, supply chain disruptions, labor shortages, and macroeconomic and inflationary conditions; future revenue from sales of the Company’s products and services; the Company’s ability to market, commercialize and achieve broader market acceptance for new products and services offered by the Company; the ability of our biologics and drug delivery partners to achieve commercial success, including their use of the Company’s products and services in their delivery of therapies; the Company’s expectations, projections and estimates regarding expenses, future revenue, capital requirements, and the availability of and the need for additional financing; the Company’s ability to obtain additional funding to support its research and development programs; the ability of the Company to manage the growth of its business; the Company’s ability to attract and retain its key employees; 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, 2023, and the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2024, both of which have been filed with the Securities and Exchange Commission, and the Company’s Quarterly Report on Form 10-Q for the three months ended June 30, 2024, which the Company intends to file with the Security and Exchange Commission on or before August 14, 2024. The Company does not assume any obligation to update these forward-looking statements.

Frequently Asked Questions

When will ClearPoint Neuro release its Q2 2024 financial results?

ClearPoint Neuro will release its Q2 2024 financial results on August 7, 2024, after market close.

How can I access the live Q2 2024 earnings call?

The live Q2 2024 earnings call can be accessed online on August 7 at 4:30 p.m. ET.

Is a replay available for the conference call?

Yes, a replay will be available until September 7, 2024, via provided phone numbers.

What services does ClearPoint Neuro offer?

ClearPoint Neuro provides precise navigation for brain and spine therapies and drug delivery.

Where can I find more information about ClearPoint Neuro?

Additional information about ClearPoint Neuro can be found on their website at www.clearpointneuro.com.

Last updated: Jul 17, 2024