Inari Medical, Inc. (NASDAQ: NARI) reported Q3 EPS of $0.12, $0.16 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $38.7 million versus the consensus estimate of $26.53 million.

Third Quarter Highlights:

• Record procedure volume in Q3, treated over 3,700 patients
• Reported revenue of $38.7 million in the third quarter of 2020, a 172% increase over the same quarter last year and 52% sequentially compared to Q2
• Presented the first 230 patients from our FLASH database as a late breaking clinical trial at TCT
• Ended the quarter with $168.0M in cash and equivalents

“In the third quarter we made significant progress in our mission to treat and transform the lives of patients with venous disease,” said Bill Hoffman, Chief Executive Officer of Inari Medical. “We presented ground-breaking FLASH data at TCT, expanded our Clot Warrior Academy training and education series, introduced meaningful new technology and aggressively expanded our commercial footprint. Most importantly, we treated a record number of patients. We are pleased that our team has responded so effectively to the challenges created by the pandemic, and we are grateful that our hospital customers and physicians have also adapted and established a constructive operating environment for patient treatments. In these uncertain times, we remain thankful for the opportunity and privilege to serve our patients.”

For earnings history and earnings-related data on Inari Medical, Inc. (NARI) click here.