Vapotherm Reports First Quarter 2020 Financial Results

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Go back to Vapotherm Reports First Quarter 2020 Financial Results

Vapotherm (VAPO) Misses Q1 EPS by 10c, Revenues Beat; Offers 2Q Revenue Guidance Above Consensus, Withdraws FY20 Outlook

May 5, 2020 4:35 PM EDT

Vapotherm (NYSE: VAPO) reported Q1 EPS of ($0.66), $0.10 worse than the analyst estimate of ($0.56). Revenue for the quarter came in at $19.1 million versus the consensus estimate of $18.9 million.

First Quarter 2020 Summary

Revenue for the first quarter of 2020 was $19.1 million, representing a 55.4% increase over the prior year period

Worldwide installed base of Precision Flow Hi-VNI systems grew by 22.7% compared to the first quarter of 2019Gross margin was 48.2% or 610 basis points higher than gross margin of 42.1% in the first quarter of 2019

We believe the first quarter of 2020 was transformational for Vapotherm as... More