Stock Roundup – Nevro Corp. (NYSE:NVRO)

Nevro Corp. (NYSE:NVRO) stock dipped -3.28% and closed at $79.65 in last trading session. The stock opened the session at $82.43 and touched its highest price point at $84. Its recent trading capacity is 340376 shares versus to its average trading volume of 360047 shares. The company’s stock’s lowest price point for the session stood at $78.98.NVRO traded as low as $ 65 in the past 52 weeks, and shares hit its peak level to $99.63.

Nevro Corp. (NYSE:NVRO) recently announced financial results for the three months and full year ended December 31, 2017.

Fourth Quarter Financial Results

Revenue for the quarter ended December 31, 2017 was $98.0 million versus $70.5 million during the same period of the prior year, representing 39% growth as reported. U.S. revenue for the three months ended December 31, 2017 was $81.1 million, representing 45% growth as reported. International revenue was $16.9 million, representing growth of 10% in constant currency and 17% on an as-reported basis. The increase in revenue was primarily attributable to the continued adoption of the Senza system.

Gross profit for the fourth quarter of 2017 was $69.5 million, representing a 71% gross margin, up from $48.8 million, representing a 69% gross margin, in the same period of the prior year.

Operating expenses for the fourth quarter of 2017 were $71.7 million compared to $55.1 million in the same period of the prior year, representing an increase of 30%. The increase in operating expenses was driven primarily by increased headcount and related personnel costs, as well as legal expenses associated with intellectual property litigations.

Loss from operations for the fourth quarter of 2017 was $2.2 million compared to $6.3 million for the same period of the prior year.

Revenue Guidance for Full Year 2018

Nevro reiterates worldwide revenue for 2018 to be in the range of $400.0 to $410.0 million, which was first announced in January 2018.

About the Author

Jose Tuttle
Jose Tuttle
Jose Tuttle joined the mostvolatilestocks.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Jose is the Senior Editor for mostvolatilestocks.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children. Email Contact -  Jose@mostvolatilestocks.com.

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