PRCT - Procept GAAP EPS of -$0.63 misses by $0.05 revenue of $24.4M beats by $0.08M

2023-04-27 10:26:14 ET

• Procept press release ( NASDAQ: PRCT ): Q1 GAAP EPS of -$0.63 misses by $0.05 .
• Revenue of $24.4M (+71.8% Y/Y) beats by $0.08M .
• Full Year 2023 Financial Guidance
• The Company projects revenue for the full year 2023 to be $128 million vs $126.11M consensus , which represents 71% growth over the Company’s prior year revenue. This compares to previous revenue guidance of $125 million.
• The Company projects full year 2023 gross margin to be approximately 54%. This compares to previous guidance of approximately 53%.
• The Company projects full year 2023 total operating expense of approximately $167 million. This compares to previous guidance of approximately $163 million.
• The Company reiterates full year 2023 Adjusted EBITDA loss to be ($70.5) million.

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