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Neuronetics to Report First Quarter 2023 Financial and Operating Results and Host Conference Call

Key Takeaway: Neuronetics, Inc. is preparing to report its financial and operating results for Q1 2023 on May 9th, 2023, ahead of market opening. The company will also host a conference call to discuss the results, highlighting its innovative mental health treatment, NeuroStar. This non-invasive therapy is FDA-cleared for various conditions and has delivered over 5.3 million treatments. Neuronetics aims to enhance the quality of life for patients suffering from neurohealth disorders through its leading technology.
Price reaction · baseline $2.22 (2023-04-24 close) · hit after-hours · 1 other STIM headline(s) in the window, move may be shared
day 0 close
+0.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • Neuronetics is set to release its financial results, indicating ongoing business activity.
  • The company’s NeuroStar therapy has helped over 5.3 million patients, showcasing its efficacy.
  • Neuronetics emphasizes commitment to mental health, aligning with growing public awareness.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~57 mo
Minimal dilution risk
Lead asset
Repetitive Transcranial Magnetic Stimulation
Phase 3 · Major Depressive Disorder

Full Press Release Details

MALVERN, Pa., April 25, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced that it plans to release first quarter 2023 financial and operating results prior to market open on Tuesday, May 9th, 2023. The Company will host a conference call to review its results at 8:30 a.m. Eastern Time the same day.
The conference call will be broadcast live in listen-only mode via webcast at https://edge.media-server.com/mmc/p/dkh33hi3. To listen to the conference call on your telephone, participants may register for the call here. While it is not required, it is recommended you join 10 minutes prior to the event start.
Neuronetics, Inc. believes that mental health is as important as physical health. As a global leader in neuroscience, Neuronetics is redefining patient and physician expectations with its NeuroStar Advanced Therapy for Mental Health. NeuroStar is a non-drug, noninvasive treatment that can improve the quality of life for people suffering from neurohealth conditions when traditional medication hasn’t helped. NeuroStar is FDA-cleared for adults with major depressive disorder (MDD), as an adjunct for adults with obsessive-compulsive disorder (OCD), and to decrease anxiety symptoms in adult patients with MDD that may exhibit comorbid anxiety symptoms (anxious depression). NeuroStar Advanced Therapy is the leading transcranial magnetic stimulation (TMS) treatment for MDD in adults with over 5.3 million treatments delivered. NeuroStar is backed by the largest clinical data set of any TMS system for depression, including the world’s largest depression Outcomes Registry. Neuronetics is committed to transforming lives by offering an exceptional treatment that produces extraordinary results. For safety and prescribing information, www.neurostar.com.
Mike Vallie or Mark Klausner

Frequently Asked Questions

When will Neuronetics release Q1 2023 financial results?

Neuronetics will release its first quarter 2023 financial results on May 9, 2023.

How can I listen to the Neuronetics conference call?

You can listen to the conference call via webcast or register for a telephone line.

What is NeuroStar Advanced Therapy?

NeuroStar Advanced Therapy is a non-invasive treatment for mental health disorders.

Who is NeuroStar FDA-cleared for?

NeuroStar is FDA-cleared for adults with major depressive disorder and OCD.

How many treatments has NeuroStar delivered?

NeuroStar has delivered over 5.3 million treatments for major depressive disorder.

Last updated: Apr 25, 2023