VAPO - Vapotherm GAAP EPS of -$1.61 misses by $0.86 revenue of $13M misses by $5.35M cuts FY22 revenue guidance
- Vapotherm press release ( NYSE: VAPO ): Q2 GAAP EPS of -$1.61 misses by $0.86 .
- Revenue of $13M (-37.0% Y/Y) misses by $5.35M .
- Shares +1.2% .
- For fiscal 2022, the Company expects net revenue to be in the range of $76 million to $81 million from prior outlook of $81M-$86M vs. $82.11M consensus.
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For fiscal 2022, gross margin is now expected to be in the range of 30% to 32%, a decrease from the previous range of 34% to 36% due to lower revenue and production levels and inventory reserves.
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For fiscal 2022, operating expenses excluding impairment charges are expected to be in the range of $97 million to $100 million, a decrease from the previous range of $99 million to $102 million.
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Vapotherm GAAP EPS of -$1.61 misses by $0.86, revenue of $13M misses by $5.35M, cuts FY22 revenue guidance