Welcome to our dedicated page for Nevro news (Ticker: NVRO), a resource for investors and traders seeking the latest updates and insights on Nevro stock.
Overview
Nevro Corp (NYSE: NVRO) is a global medical device company headquartered in Redwood City, California. The company is renowned for its innovative approach in the field of neuromodulation and chronic pain management, providing advanced spinal cord stimulation (SCS) systems designed to transform patient outcomes. Nevro specializes in the development and commercialization of its flagship Senza SCS system, which uniquely delivers its proprietary 10 kHz high-frequency therapy. This evidence-based treatment is implemented through a comprehensive, integrated platform aimed at alleviating chronic pain across multiple conditions.
Technology and Innovation
Nevro’s technology centers on generating electrical impulses that modulate pain signals. The Senza system, along with the broader HFX platform, is built on groundbreaking research and clinical evidence. Its design incorporates sophisticated programming and, more recently, artificial intelligence enhancements through HFX AdaptivAI. This AI-driven component harnesses big data, precise algorithms, and extensive clinical outcomes to offer personalized, real-time pain relief. As a result, patients are empowered to control their pain management in a manner that is tailored to their individual needs, reducing reliance on generalized treatments.
Product Portfolio and Market Position
The company has established a diversified portfolio that not only focuses on conventional SCS devices but also extends into minimally invasive treatments for sacroiliac (SI) joint pain and fusion procedures. By broadening its offerings, Nevro addresses various facets of chronic pain, including back pain, painful diabetic neuropathy, and SI joint dysfunction. This strategic diversification enables Nevro to maintain a unique competitive edge in a market characterized by substantial underpenetration and evolving treatment protocols.
Patient and Physician Support
An integral part of Nevro’s approach lies in its comprehensive support services. The company provides extensive educational resources and application support via programs like HFX Coach, designed to ensure that patients receive continuous guidance throughout their therapy journey. Alongside patient-centric initiatives, Nevro offers advanced, cloud-based insights for physicians, empowering them with real-time data to optimize treatment plans and enhance overall practice management.
Global Reach and Regulatory Milestones
Nevro’s neuromodulation solutions are commercially available in major markets such as the United States, Europe, and Australia. Over the years, the company has successfully achieved key regulatory approvals, including CE Mark and FDA clearance, which attest to the safety, efficacy, and scientific rigor underlying its products. These milestones have not only reinforced Nevro’s position in the global medical device arena but have also paved the way for further market penetration and adoption of its innovative therapies.
Competitive Landscape and Differentiators
Operating in a highly competitive healthcare sector, Nevro differentiates itself through an unwavering commitment to evidence-based medicine and technological innovation. Its products are developed with the dual aim of delivering consistent pain relief while also ensuring a high quality of life for patients. The use of advanced AI, coupled with extensive clinical validation, positions Nevro as an authoritative entity in chronic pain treatment options. This unique amalgamation of rigorous clinical research, technological sophistication, and robust support services sets Nevro apart from its peers in the neuromodulation industry.
Conclusion
Nevro Corp remains dedicated to advancing chronic pain management through its cutting-edge medical devices and holistic care solutions. With a focus on developing technologies that are not only innovative but also grounded in robust clinical evidence, Nevro continues to enhance patient outcomes and redefine approaches to pain management across global markets.
Nevro Corp. (NYSE: NVRO) has announced the appointment of Kevin Thornal as the new Chief Executive Officer and President, effective April 24, 2023. He succeeds D. Keith Grossman, who will take on the role of Executive Chairman. The company reported preliminary, unaudited worldwide revenue of approximately $96.3 million for Q1 2023, reflecting a 10% increase year-over-year, with U.S. revenue of $82.3 million, a 12% growth. Sales related to painful diabetic neuropathy (PDN) are expected to be around $15.6 million, up 160% from the previous year. Nevro maintains its full-year revenue guidance of $445 million to $455 million and anticipates a non-GAAP adjusted EBITDA loss of $5 million to $10 million. Nevro plans to release its full financial results on April 26, 2023.
Nevro Corp. (NYSE: NVRO) announced it will report its financial results for Q1 2023 on April 26, 2023, after market close. A conference call is scheduled for 1:30 pm PT (4:30 pm ET) the same day, allowing investors to engage with management regarding the results. The company specializes in medical devices for chronic pain treatment, having developed the proprietary 10 kHz Therapy that has benefitted over 100,000 patients globally. Investors can access the live webcast or archived recording from the company's website.
Nevro Corp. has launched the HFX iQ spinal cord stimulation (SCS) system in the U.S., following a successful limited market release. This advanced system utilizes artificial intelligence to personalize pain relief based on individual patient data, leveraging over 20 million datapoints from 80,000 implanted patients. The HFX iQ system features an upgradeable implantable pulse generator and a mobile app for real-time adjustments. Nevro aims to lead in SCS therapy innovation, with a decade of experience and over 100,000 patients treated. The company is also seeking approvals in Europe and Australia.
Nevro Corp. (NYSE: NVRO), a leader in medical devices for chronic pain management, announced its participation in the Wells Fargo 2023 Medtech Innovation Spotlight Call Series on March 24, 2023, at 2:00 pm Eastern Time. Key executives, including D. Keith Grossman (Chairman, CEO), Rod MacLeod (CFO), and Dr. David Caraway (CMO), will provide insights into the company's advancements and solutions like the proprietary 10 kHz Therapy™, which has benefited over 100,000 patients. An archived webcast will be available on Nevro's website for those interested in learning more about their innovative approaches to chronic pain treatment.
Nevro Corp. (NYSE: NVRO) reported its Q4 and full-year 2022 financial results, revealing a worldwide revenue of $113.8 million, an 11% increase year-over-year. Notably, sales from the Painful Diabetic Neuropathy (PDN) indication soared 329% to $17.3 million in Q4 2022. The company anticipates Q1 2023 revenue between $94 million and $96 million, reflecting a growth of 9% to 11%. Gross profit for Q4 2022 was $75.2 million with a gross margin of 66.1%. However, it also reported a net loss from operations amounting to $19.4 million.
Nevro Corp. (NYSE: NVRO), a leader in medical devices for chronic pain treatment, announced participation in a fireside chat at Citi's 2023 Healthcare Services, Medtech, Tools & HCIT Conference on March 1, 2023, at 8:45 am Eastern Time. The chat will feature Keith Grossman, Chairman, CEO, and President, along with Rod MacLeod, CFO, at Citigroup's headquarters in New York, NY. A webcast and archived recording will be available in the investor relations section of Nevro's website. Nevro is known for its 10 kHz Therapy, which has improved the lives of over 100,000 patients.
Nevro Corp. (NYSE: NVRO) will announce its financial results for Q4 and full-year 2022 on February 16, 2023, after market close. The conference call will take place at 1:30 pm PT / 4:30 pm ET to discuss these results. The company aims to improve chronic pain treatment through its innovative 10 kHz Therapy, which has positively impacted over 100,000 patients globally. Investors can access the call via phone or through a live webcast available on Nevro's website. Regular updates regarding investor relations can also be found online.
Nevro Corp. (NYSE: NVRO) announced key data presentations at the 2023 North American Neuromodulation Society Annual Meeting, showcasing its HFX™ 10 kHz Therapy for chronic pain. A total of 18 scientific abstracts, including late-breaking presentations, will be featured. Notable trials include SENZA-PDN, the largest randomized study for painful diabetic neuropathy, and SENZA-NSRBP for non-surgical back pain. Results emphasize the therapy's effectiveness over 24 months. Nevro's commitment to neuromodulation continues, aiming to enhance patient outcomes in underserved populations.
Nevro Corp. (NYSE: NVRO) announced its preliminary, unaudited fourth quarter and full-year 2022 revenue results, indicating a fourth quarter revenue of approximately $113.8 million, growing 11% year-over-year. The company reported a full-year 2022 revenue of about $406.4 million, a 5% increase. For 2023, Nevro forecasts revenue of $445 million to $455 million, representing 10% to 12% growth. CEO D. Keith Grossman plans to retire in 2023 but will stay on as Chairman of the Board. Nevro's Painful Diabetic Neuropathy (PDN) sales surged 332% to $48 million for the year.
Nevro Corp. (NYSE: NVRO) announced its participation in the 41st Annual J.P. Morgan Healthcare Conference, scheduled for January 9, 2023, at 3:45 pm PT / 6:45 pm ET. D. Keith Grossman, the company's Chairman and CEO, will be the presenter. A live webcast and an archived recording will be available on Nevro's website.
Nevro specializes in innovative solutions for chronic pain treatment, notably its proprietary 10 kHz Therapy, enhancing patient outcomes globally.
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