Benzinga | Jan 10, 2022 08:59AM EST

CVRx Sees Q4 2021 Revenue $3.6M-$3.7M Vs $4.09M Est; Sees FY21 Revenue $13M-$13.1M Vs $13.63M Est

ourth Quarter 2021

Total revenue for the fourth quarter of 2021 is expected to be in the range of approximately $3.6 million to $3.7 million, representing an increase of approximately 71% to 77% over fourth quarter 2020 revenue of $2.1 million. Total revenue generated in the fourth quarter of 2021 is expected to be made up of approximately $2.7 million in U.S. heart failure revenue, $0.8 million in European revenue and $0.16 million in U.S. legacy revenue.

Full Year 2021

Total revenue for full year 2021 is expected to be in the range of approximately $13.0 million to $13.1 million, representing an increase of approximately 113% to 116% over full year 2020 revenue of $6.1 million. Total revenue generated in full year 2021 is expected to be made up of approximately $8.4 million in U.S. heart failure revenue, $3.9 million in European revenue and $0.7 million in U.S. legacy revenue.

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