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Neuronetics to Report First Quarter 2024 Financial and Operating Results and Host Conference Call

Key Takeaway: Neuronetics, Inc. (NASDAQ: STIM) will announce its first quarter 2024 financial and operating results on May 7, 2024, prior to market opening. The company plans to hold a conference call at 8:30 a.m. Eastern Time to discuss these results with stakeholders. Neuronetics is known for its NeuroStar Advanced Therapy, a non-invasive treatment for mental health conditions that has delivered over 6.1 million treatments. The therapy is FDA-cleared for various conditions, establishing Neuronetics as a significant player in the neurohealth sector.
Price reaction · baseline $3.74 (2024-04-22 close) · hit after-hours · clean, no other STIM news in the window
day 0 close
+3.2%
day 1
+0.3%
day 3
-6.7%

Market Sentiment Analysis

POSITIVE FACTORS

  • Neuronetics is releasing its first quarter 2024 results, indicating proactivity and transparency.
  • The NeuroStar therapy has shown positive outcomes for patients, making it a leader in the TMS market.
  • The company emphasizes the importance of mental health alongside physical health, which promotes a positive image.

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 23, 2024 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, announced that it plans to release first quarter 2024 financial and operating results prior to market open on Tuesday, May 7th, 2024. 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/i3t5h9gs. 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. In the United States, 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 is also indicated as a first-line, adjunct for MDD in adolescents 15 and older. NeuroStar Advanced Therapy is the leading transcranial magnetic stimulation (TMS) treatment for MDD in adults with over 6.1 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 2024 financial results?

Neuronetics will release its Q1 2024 financial results on May 7th, 2024.

What is NeuroStar Advanced Therapy?

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

Who can benefit from NeuroStar treatment?

NeuroStar is FDA-cleared for adults with MDD, OCD, and anxious depression.

How can I listen to the Neuronetics conference call?

You can listen via webcast or register for the conference call by phone.

What is the primary focus of Neuronetics?

Neuronetics aims to improve life quality for patients with neurohealth disorders.

Last updated: Apr 23, 2024