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ClearPoint Neuro to Announce Fourth Quarter and Full Year 2022 Revenue Results March 1, 2023

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ClearPoint Neuro, Inc. (Nasdaq: CLPT) announced plans to release its financial results for the fourth quarter and full year of 2022 on March 1, 2023, after market close. Investors and analysts can join a live broadcast at 4:30 p.m. ET to discuss these results. The call will be accessible via telephone and an online archive will be available on the Company’s Investor website. ClearPoint Neuro aims to enhance treatment for neurological disorders through its Neuro Navigation System, which has FDA clearance and is utilized in over 65 sites globally. The Company emphasizes its partnerships and the importance of its innovative therapies for complex neurological conditions.

Positive
  • ClearPoint Neuro will release 2022 financial results on March 1, 2023, potentially demonstrating improved market performance.
  • The ClearPoint Neuro Navigation System is FDA cleared and CE-marked, indicating its regulatory approval for use.
  • The system is in operation at over 65 sites, reflecting a strong market presence.
Negative
  • Uncertainties surrounding the COVID-19 pandemic could impact future revenue.
  • Risks related to global instability and supply chain disruptions may affect operations.
  • The Company faces challenges in achieving broader market acceptance for its products.

SOLANA BEACH, Calif., Feb. 15, 2023 (GLOBE NEWSWIRE) -- ClearPoint Neuro, Inc. (Nasdaq: CLPT) (the “Company”), a global therapy-enabling platform company providing navigation and delivery to the brain, today announced that it will release financial results for its 2022 fourth quarter and full year on Wednesday, March 1, 2023, after the market close.

Investors and analysts are invited to listen to a live broadcast review of the Company's 2022 fourth quarter and full year results on Wednesday, March 1, 2023, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) which may be accessed online here. Investors and analysts who would like to participate in the conference call via telephone may do so at (877) 407-9034, or at (202) 493-6737 if calling from outside the U.S. or Canada.

For those who cannot access the live broadcast, a replay will be available shortly after the completion of the call until March 31, 2023, by calling (877) 660-6853, or (201) 612-7415, if calling from outside the U.S. or Canada, and then entering conference I.D. number 413671. An online archive of the broadcast will be available on the Company's Investor website at https://ir.clearpointneuro.com/.

About ClearPoint Neuro

ClearPoint Neuro’s mission is to improve and restore quality of life to patients and their families by enabling therapies for the most complex neurological disorders with pinpoint accuracy. Applications of the Company’s current product portfolio include deep brain stimulation, laser ablation, biopsy, and delivery of drugs, biologics, and gene therapy to the brain. The ClearPoint® Neuro Navigation System has FDA clearance, is CE-marked, and is installed in more than 65 sites in North America, Europe, and South America. ClearPoint Neuro is partnered with more than 50 biologics/pharmaceutical companies, academic centers, and contract research organizations, providing solutions for direct CNS delivery of therapeutics in pre-clinical studies and clinical trials worldwide. To date, more than 5,000 procedures have been performed and supported by the Company’s field-based clinical specialist team, which offers support and services to our customers and partners. For more information, please visit www.clearpointneuro.com.   

Forward-Looking Statements

Statements in this press release and in the teleconference referenced above concerning the Company’s plans, growth and strategies may include forward-looking statements within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, the size of total addressable markets or the market opportunity for the Company’s products and services, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. Uncertainties and risks may cause the Company's actual results to differ materially from those expressed in or implied by forward-looking statements. Particular uncertainties and risks include those relating to: the impact of the COVID-19 pandemic, global instability, supply chain disruptions, labor shortages, and macroeconomic and inflationary conditions; future revenue from sales of the Company’s ClearPoint Neuro Navigation System and other new products offered by the Company; the Company’s ability to market, commercialize and achieve broader market acceptance for the Company’s ClearPoint Neuro Navigation System and other new products offered by the Company; the ability of our biologics and drug delivery partners to achieve commercial success, including their use of our products and services in their delivery of therapies; and risks inherent in the research, development, and regulatory approval of new products. More detailed information on these and additional factors that could affect the Company’s actual results are described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2022, both of which have been filed with the Securities and Exchange Commission, and the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which the Company intends to file with the Securities and Exchange Commission on or before March 31, 2023.


FAQ

When will ClearPoint Neuro release its 2022 financial results?

ClearPoint Neuro will release its 2022 financial results on March 1, 2023.

How can I access the ClearPoint Neuro conference call?

Investors can access the conference call by calling (877) 407-9034 or (202) 493-6737 for international calls.

What products does ClearPoint Neuro offer?

ClearPoint Neuro offers products for deep brain stimulation, laser ablation, biopsy, and drug delivery to the brain.

How many procedures have been supported by ClearPoint Neuro?

More than 5,000 procedures have been performed with the support of ClearPoint Neuro's clinical specialists.

What are the risks mentioned in the ClearPoint Neuro press release?

Risks include COVID-19 impacts, global instability, supply chain issues, and challenges in market acceptance of products.

ClearPoint Neuro, Inc.

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