NURO - NeuroMetrix GAAP EPS of -$0.20 revenue of $1.7M
2023-05-03 07:24:25 ET
- NeuroMetrix press release ( NASDAQ: NURO ): Q1 GAAP EPS of -$0.20.
- Revenue of $1.7M (-26.1% Y/Y).
- Gross profit in Q1 2023 was $1.2 million, a decrease of $0.6 million from the first quarter of 2022. The Q1 2023 gross margin rate contracted to 69.5% from 77.9% in the prior year primarily due to increased parts costs and inventory charges for valuation reserves.
- Q1 2023 operating expenses of $2.9 million increased from $2.8 million in Q1 2022. The increase was due to higher general and administrative spending for personnel and professional services.
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NeuroMetrix GAAP EPS of -$0.20, revenue of $1.7M