Neuronetics, Inc. (STIM) reported a larger-than-expected loss for its second quarter, falling short of Wall Street expectations.
The company posted a loss of $9.83 million, or $0.33 per share, compared to a loss of $4.90 million, or $0.17 per share, in the same quarter last year.
On average, analysts had anticipated a loss of $0.27 per share, according to Thomson Reuters. These estimates typically exclude special items.
Revenue for the quarter declined by 6.6% to $16.45 million, down from $17.61 million the previous year.
A summary of Neuronetics, Inc.'s earnings for the second quarter (GAAP) is as follows:
- Earnings: -$9.83 million, compared to -$4.90 million last year.
- EPS: -$0.33, compared to -$0.17 last year.
- Revenue: $16.45 million, compared to $17.61 million last year.
**Guidance:**
- Next quarter revenue is projected to be between $18.5 million and $19.5 million.
- Full year revenue is expected to be between $78 million and $80 million.
