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

Key Takeaway: Neuronetics, Inc. (NASDAQ: STIM) announced it will report its third quarter 2023 financial and operating results on November 7, 2023, before market opening. Following the release, the company will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Neuronetics is known for its NeuroStar Advanced Therapy, a noninvasive treatment for neurohealth disorders that has seen significant adoption with over 5.6 million treatments delivered. This highlights the company's commitment to improving mental health care.
Price reaction · baseline $1.06 (2023-10-23 close) · hit after-hours · clean, no other STIM news in the window
day 0 close · peak
+1.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Neuronetics will report its financial results soon, indicating ongoing operations.
  • The company is a leader in the neuroscience field, with innovative treatments.
  • NeuroStar has delivered over 5.6 million treatments, showcasing its acceptance.
  • The company emphasizes the importance of mental health alongside physical health.

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., Oct. 24, 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 third quarter 2023 financial and operating results prior to market open on Tuesday, November 7th, 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/a2ncdxuo. 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 5.6 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 announce its Q3 2023 results?

Neuronetics will announce Q3 2023 results on November 7, 2023.

How can I listen to the Neuronetics conference call?

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

What is NeuroStar Advanced Therapy?

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

What disorders is NeuroStar FDA-cleared to treat?

NeuroStar is FDA-cleared for major depressive disorder and OCD among others.

How many treatments has NeuroStar delivered?

NeuroStar has delivered over 5.6 million treatments for depression.

Last updated: Oct 24, 2023