2023-04-19 17:43:19 ET
- Nevro ( NYSE: NVRO ) on Wednesday announced a CEO transition and posted preliminary Q1 revenue that was above consensus.
- The company appointed Kevin Thornal as CEO and president, effective April 24. Thornal will succeed Keith Grossman, who will be appointed to serve as executive chairman.
- Thornal was most recently at Hologic ( HOLX ) and has over 20 years of senior management experience, NVRO said in a statement .
- The company also said preliminary Q1 revenue was expected to be about $96.3M, above the consensus revenue estimate of $94.98M.
- Additionally, NVRO reaffirmed its FY 2023 revenue guidance of about $445M to $455M. The consensus revenue estimate is $448.98M.
- NVRO reaffirmed its FY 2023 adj. EBITDA guidance of a loss of about $5M to $10M.
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Nevro names Hologic executive as CEO, posts prelim. Q1 revenue above consensus