Ra Medical Systems Reports Third Quarter 2019 Financial Results

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Go back to Ra Medical Systems Reports Third Quarter 2019 Financial Results

Ra Medical Systems (RMED) Misses Q3 EPS by 32c, Revenues Miss

November 29, 2019 6:03 AM EST

Ra Medical Systems (NYSE: RMED) reported Q3 EPS of ($1.30), $0.32 worse than the analyst estimate of ($0.98). Revenue for the quarter came in at $1.9 million versus the consensus estimate of $2.06 million.

Third Quarter Financial Highlights

Net revenue for the third quarter of 2019 was $1.9 million, which consisted of product sales of $1.1 million and service and other revenue of $0.8 million. This compares with net revenue of $2.1 million for the third quarter of 2018, which consisted of product sales of $1.3 million and service and other revenue of $0.8 million.Net revenue from the vascular segment for the third... More