Neuronetics, Inc. (STIM) released Loss for its fourth quarter that increased from last year and missed the Street estimates.
The company's bottom line came in at -$12.2 million, or -$0.33 per share. This compares with -$5.4 million, or -$0.19 per share, last year.
Analysts on average had expected the company to earn -$0.24 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.8% to $22.5 million from $20.3 million last year.
Neuronetics, Inc. earnings at a glance (GAAP) :
-Earnings: -$12.2 Mln. vs. -$5.4 Mln. last year.-EPS: -$0.33 vs. -$0.19 last year.-Revenue: $22.5 Mln vs. $20.3 Mln last year.
-Guidance:Next quarter revenue guidance: $28-$30 Mln
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