MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — CVRx Inc. (CVRX) on Monday reported a loss of $13.1 million in its first quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 50 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share.
The medical device company posted revenue of $14.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $14.2 million.
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