Financial Snapshot

Revenue
$47.26M
TTM
Gross Margin
84.22%
TTM
Net Earnings
-$58.48M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
1131.56%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$65.18M
Q3 2024
Cash
Q3 2024
P/E
-6.137
Nov 29, 2024 EST
Free Cash Flow
-$40.46M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $39.30M $22.47M $13.04M $6.053M $6.257M
YoY Change 74.89% 72.36% 115.36% -3.26%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $39.30M $22.47M $13.04M $6.053M $6.257M
Cost Of Revenue $6.256M $4.999M $3.640M $1.440M $1.683M
Gross Profit $33.04M $17.47M $9.396M $4.613M $4.574M
Gross Profit Margin 84.08% 77.75% 72.08% 76.21% 73.1%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $64.51M $50.05M $27.86M $9.717M $6.106M
YoY Change 28.9% 79.61% 186.74% 59.14%
% of Gross Profit 195.25% 286.46% 296.54% 210.64% 133.49%
Research & Development $11.63M $9.952M $7.501M $6.410M $8.662M
YoY Change 16.89% 32.68% 17.02% -26.0%
% of Gross Profit 35.21% 56.97% 79.83% 138.96% 189.37%
Depreciation & Amortization $500.0K $400.0K $200.0K $100.0K $56.00K
YoY Change 25.0% 100.0% 100.0% 78.57%
% of Gross Profit 1.51% 2.29% 2.13% 2.17% 1.22%
Operating Expenses $76.14M $60.00M $35.36M $16.13M $14.77M
YoY Change 26.91% 69.66% 119.28% 9.2%
Operating Profit -$43.10M -$42.53M -$25.97M -$11.51M -$10.19M
YoY Change 1.35% 63.77% 125.53% 12.95%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$1.799M -$165.0K $2.219M $2.470M -$1.720M
YoY Change 990.3% -107.44% -10.16% -243.6%
% of Operating Profit
Other Income/Expense, Net $3.850M $1.373M -$14.80M -$40.00K -$2.646M
YoY Change 180.41% -109.28% 36900.0% -98.49%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$41.05M -$41.32M -$42.99M -$14.02M -$14.56M
YoY Change -0.65% -3.88% 206.52% -3.68%
Income Tax $147.0K $109.0K $91.00K $85.00K $73.00K
% Of Pretax Income
Net Earnings -$41.20M -$41.43M -$43.08M -$14.11M -$14.63M
YoY Change -0.55% -3.83% 205.32% -3.58%
Net Earnings / Revenue -104.85% -184.38% -330.45% -233.09% -233.87%
Basic Earnings Per Share -$1.99 -$2.02 -$4.16
Diluted Earnings Per Share -$1.99 -$2.018M -$4.158M -$731.2K -$758.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $90.57M $106.2M $142.1M $59.11M $25.74M
YoY Change -14.71% -25.25% 140.34% 129.64%
Cash & Equivalents $90.57M $106.2M $142.1M $59.11M $25.74M
Short-Term Investments
Other Short-Term Assets $2.987M $4.223M $2.585M $605.0K $375.0K
YoY Change -29.27% 63.37% 327.27% 61.33%
Inventory $10.98M $6.957M $3.880M $3.343M $2.072M
Prepaid Expenses
Receivables $7.551M $5.504M $2.560M $1.281M $719.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $112.1M $122.9M $151.1M $64.34M $28.91M
YoY Change -8.78% -18.68% 134.84% 122.58%
Property, Plant & Equipment $3.112M $2.032M $1.425M $410.0K $174.0K
YoY Change 53.15% 42.6% 247.56% 135.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.00K $27.00K $26.00K $26.00K $26.00K
YoY Change 0.0% 3.85% 0.0% 0.0%
Total Long-Term Assets $3.139M $2.059M $1.451M $436.0K $200.0K
YoY Change 52.45% 41.9% 232.8% 118.0%
Total Assets $115.2M $124.9M $152.5M $64.78M $29.11M
YoY Change
Accounts Payable $1.884M $1.719M $510.0K $483.0K $437.0K
YoY Change 9.6% 237.06% 5.59% 10.53%
Accrued Expenses $5.980M $6.369M $5.047M $3.583M $4.637M
YoY Change -6.11% 26.19% 40.86% -22.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.864M $8.088M $5.908M $7.977M $8.614M
YoY Change -2.77% 36.9% -25.94% -7.39%
Long-Term Debt $29.22M $6.747M $0.00 $19.28M $18.99M
YoY Change 333.11% -100.0% 1.51%
Other Long-Term Liabilities $2.196M $922.0K $681.0K $777.0K $561.0K
YoY Change 138.18% 35.39% -12.36% 38.5%
Total Long-Term Liabilities $31.42M $7.669M $681.0K $20.06M $19.55M
YoY Change 309.68% 1026.14% -96.6% 2.57%
Total Liabilities $39.28M $15.76M $6.589M $28.03M $28.17M
YoY Change 149.3% 139.14% -76.49% -0.48%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 20.75M 20.53M 10.36M
Diluted Shares Outstanding 20.75M 20.53M 10.36M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $358.86 Million

About CVRx, Inc.

CVRx, Inc. engages in developing, manufacturing, and commercializing neuromodulation solutions for patients with cardiovascular diseases. The company is headquartered in Minneapolis, Minnesota and currently employs 200 full-time employees. The company went IPO on 2021-06-30. The firm is focused on developing, manufacturing and commercializing advanced neuromodulation solutions for patients with cardiovascular diseases. The firm's integrated platform technology, Barostim, is designed to leverage the power of the brain and nervous system to address the imbalance of the autonomic nervous system (ANS), which causes heart failure with reduced ejection fraction (HFrEF) and other cardiovascular diseases. Barostim provides Baroreflex Activation Therapy (BAT) by sending imperceptible and persistent electrical pulses to baroreceptors located in the wall of the carotid artery to signal the brain to modulate cardiovascular function. Barostim is a minimally invasive neuromodulation device that consists of two implantable components, an implantable pulse generator (IPG) and a stimulation lead, and is programed by a wireless clinician-controlled programmer that communicates with the IPG.

Industry: Surgical & Medical Instruments & Apparatus Peers: ABBOTT LABORATORIES Accelerate Diagnostics, Inc ACCURAY INC Apyx Medical Corp Apollo Endosurgery, Inc. Owlet, Inc. RetinalGenix Technologies Inc. Sensus Healthcare, Inc. TACTILE SYSTEMS TECHNOLOGY INC Stereotaxis, Inc.