Neuronetics Reports Fourth Quarter and Full Year 2024 Financial and Operating Results
Rhea-AI Summary
Neuronetics (NASDAQ: STIM) reported its Q4 and full-year 2024 financial results, highlighting significant strategic developments. The company completed the acquisition of Greenbrook TMS on December 9, 2024, and secured $10 million in additional funding from Perceptive Advisors.
Q4 2024 revenue reached $22.5 million, up 11% year-over-year, with U.S. NeuroStar system revenue at $3.8 million and treatment session revenue at $12.9 million. Full-year 2024 revenue was $74.9 million, a 5% increase from 2023.
The company reported a Q4 net loss of $(12.2) million and a full-year net loss of $(43.2) million. In February 2025, Neuronetics completed a secondary offering raising $18.9 million. The company has executed actions to realize over $21 million of the targeted $22 million in annual cost synergies related to the Greenbrook acquisition.
Looking ahead, Neuronetics projects Q1 2025 revenue between $28-30 million and full-year 2025 revenue of $145-155 million. The company expects to achieve cash flow positivity by Q3 2025.
Positive
- Revenue growth: Q4 up 11% YoY to $22.5M, full-year up 5% to $74.9M
- Strategic acquisition of Greenbrook TMS completed
- $21M cost synergies realized from Greenbrook acquisition
- Secured additional $10M funding from Perceptive Advisors
- Raised $18.9M through secondary offering
- FDA clearance for adolescent treatment expansion
Negative
- Q4 net loss increased to $(12.2M) from $(5.4M) YoY
- Full-year net loss widened to $(43.2M) from $(30.2M)
- Q4 gross margin declined 1,140 basis points to 66.2%
- U.S. NeuroStar system shipments decreased to 46 from 59 in Q4
- Operating expenses increased 28% in Q4 2024
News Market Reaction 1 Alert
On the day this news was published, STIM gained 18.78%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MALVERN, Pa., March 04, 2025 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM) (the “Company” or “Neuronetics”) a vertically integrated, commercial stage, medical technology and healthcare company with a strategic vision of transforming the lives of patients whenever and wherever they need help, with the leading neurohealth therapies in the world, today announced its financial and operating results for the fourth quarter and full year of 2024.
Fourth Quarter 2024 Highlights
- Acquired Greenbrook TMS on December 9, 2024
- Received an incremental
$10 million in funding from Perceptive Advisors - Fourth quarter 2024 revenue of
$22.5 million , a11% increase as compared to the fourth quarter 2023 - U.S. NeuroStar Advanced Therapy System revenue of
$3.8 million in the quarter - U.S. treatment session revenue of
$12.9 million - No Greenbrook treatment session revenues are included after the December 9, 2024 transaction close
- Greenbrook TMS revenue from December 10 to December 31, 2024 included in the results
- U.S. clinic revenue of
$4.4 million , representing Greenbrook TMS revenue subsequent to its acquisition
Full Year 2024 Highlights
- Full year 2024 revenue of
$74.9 million , a5% increase as compared to full year 2023 - Full year 2024 U.S. treatment session revenue of
$50.8 million - Received FDA clearance for the treatment of adolescents 15 and older
Recent Operational Highlights
- Completed secondary offering of 9,200,000 shares of our common stock raising approximately
$18.9 million in net cash in February 2025 - Fully executed actions to realize over
$21 million of the targeted$22 million in expected annualized cost synergies related to the acquisition of Greenbrook - Achieved milestone of over 195,000 global patients treated with 7.1 million treatment sessions
“2024 was a defining year for Neuronetics as we've strategically transformed our business model and market position,” said Keith J. Sullivan, President and Chief Executive Officer of Neuronetics. “By expanding our Better Me Provider network and acquiring Greenbrook, we've created an unparalleled TMS treatment platform while rapidly improving our financial position.”
Keith J. Sullivan continued, “The early results speak for themselves – Better Me Provider (“BMP”) participants are treating more patients than non-participants as a result of complying with our five patient responsiveness standards. As we apply these proven methods across our expanded network and execute on our Greenbrook integration, we're building momentum toward our dual objectives of double-digit revenue growth for the year and becoming cash flow positive in Q3 2025. Neuronetics now stands as the clear leader in TMS therapy, uniquely positioned to expand mental health access while delivering shareholder value through operational excellence and sustainable growth.”
Fourth Quarter 2024 Financial and Operating Results for the Three Months Ended December 31, 2024
These results reflect Neuronetics' standalone performance through December 8, 2024, and combined performance with Greenbrook TMS for the remainder of the year.
| Revenues by Geography | |||||||||
| Three Months Ended December 31, | |||||||||
| 2024 | 2023 | ||||||||
| Amount | Amount | % Change | |||||||
| (Unaudited; in thousands, except percentages) | |||||||||
| U.S. | $ | 21,642 | $ | 19,872 | 9 | % | |||
| International | 851 | 442 | 93 | % | |||||
| Total revenues | $ | 22,493 | $ | 20,314 | 11 | % | |||
Total revenue for the three months ended December 31, 2024 was
| U.S. Revenues by Product Category | ||||||||||
| Three Months Ended December 31, | ||||||||||
| 2024 | 2023 | |||||||||
| Amount | Amount | % Change | ||||||||
| (Unaudited; in thousands, except percentages) | ||||||||||
| NeuroStar Advanced Therapy System | $ | 3,849 | $ | 4,524 | (15 | ) | % | |||
| Treatment sessions | 12,858 | 14,878 | (14 | ) | % | |||||
| Clinic revenue | 4,445 | — | — | % | ||||||
| Other | 490 | 470 | 4 | % | ||||||
| Total U.S. revenues | $ | 21,642 | $ | 19,872 | 9 | % | ||||
U.S. NeuroStar Advanced Therapy System revenue for the three months ended December 31, 2024 was
U.S. treatment session revenue for the three months ended December 31, 2024 was
U.S. clinic revenue, which represents revenue generated by Greenbrook, was
Gross margin for the fourth quarter of 2024 was
Operating expenses during the fourth quarter of 2024 were
Net loss for the fourth quarter of 2024 was
Adjusted EBITDA excludes certain adjustments, including acquisition related expenses, software impairment, loss on extinguishment of debt and inventory impairment, to provide a more accurate reflection of the company’s core operational performance. Adjusted EBITDA for the fourth quarter of 2024 was
Full year Financial and Operating Results
These results reflect Neuronetics' standalone performance through December 8, 2024, and combined performance with Greenbrook TMS for the remainder of the year.
| Revenues by Geography | |||||||||
| Year ended December 31, | |||||||||
| 2024 | 2023 | ||||||||
| Amount | Amount | % Change | |||||||
| (Unaudited; in thousands, except percentages) | |||||||||
| U.S. | $ | 72,488 | $ | 69,336 | 5 | % | |||
| International | 2,402 | 2,012 | 19 | % | |||||
| Total revenues | $ | 74,890 | $ | 71,348 | 5 | % | |||
Total revenue increased by
| U.S. Revenues by Product Category | ||||||||||
| Year ended December 31, | ||||||||||
| 2024 | 2023 | |||||||||
| Amount | Amount | % Change | ||||||||
| (Unaudited; in thousands, except percentages) | ||||||||||
| NeuroStar Advanced Therapy System | $ | 15,267 | $ | 16,460 | (7 | ) | % | |||
| Treatment sessions | 50,832 | 50,896 | — | % | ||||||
| Clinic revenue | 4,445 | — | — | % | ||||||
| Other | 1,944 | 1,980 | (2 | ) | % | |||||
| Total U.S. revenues | $ | 72,488 | $ | 69,336 | 5 | % | ||||
U.S. NeuroStar Advanced Therapy System revenue decreased by
U.S. treatment session revenues were essentially flat compared to the year ended December 31, 2023.
U.S. clinic revenue, which represents revenue generated by Greenbrook, was
Gross margin for the full year 2024 was
Operating expenses during the full year 2024 were
Net loss for the full year 2024 was
Adjusted EBITDA excludes certain adjustments, including acquisition related expenses, software impairment, loss on extinguishment of debt and inventory impairment, to provide a more accurate reflection of the company’s core operational performance. For the full year 2024, Adjusted EBITDA was
Cash and cash equivalents were
Neuronetics and Greenbrook TMS Transaction Closed
Effective as of December 9, 2024, Neuronetics successfully completed its acquisition of Greenbrook TMS Inc., creating a transformative combination in mental health therapy delivery. The transaction united Neuronetics' NeuroStar technology platform with Greenbrook's network of 95 treatment clinics across the United States. Concurrent with closing, Neuronetics secured an additional
FDA Clearance as a First-Line Add-On Treatment for Adolescents with Depression
In March 2024, Neuronetics received U.S. Food and Drug Administration (“FDA”) clearance for its NeuroStar Advanced Therapy as the first and only transcranial magnetic stimulation (“TMS”) treatment cleared as a first line, adjunct for major depressive disorder (“MDD”) in adolescents aged 15-21. The FDA clearance was supported by real-world data from the Company’s TrakStar database showing
Strategic Financing Strengthens Balance Sheet
Subsequent to quarter end, Neuronetics successfully completed an
Business Outlook
For the first quarter of 2025, the Company expects total worldwide revenue between
For the full year 2025, the Company expects total worldwide revenue to be between
For the full year 2025, the Company expects gross margin to be approximately
For the full year 2025, the Company expects total operating expenses to be between
Webcast and Conference Call Information
Neuronetics’ management team will host a conference call on March 4, 2025, beginning at 8:30 a.m. Eastern Time.
The conference call will be broadcast live in listen-only mode via webcast at https://edge.media-server.com/mmc/p/a3eb5opb. To listen to the conference call on your telephone, you may register for the call here. While it is not required, it is recommended you join 10 minutes prior to the event start.
About Neuronetics
Neuronetics, Inc. believes that mental health is as important as physical health. As a global leader in neuroscience, Neuronetics is delivering more treatment options to patients and physicians by offering exceptional in-office treatments that produce extraordinary results. NeuroStar Advanced Therapy (“NeuroStar Therapy”) is a non-drug, noninvasive treatment that can improve the quality of life for people suffering from neurohealth conditions when traditional medication has not helped. In addition to selling the NeuroStar Advanced Therapy System (the “NeuroStar System”) and associated treatment sessions to customers, Neuronetics operates Greenbrook TMS Inc. (“Greenbrook”) treatment centers across the United States, offering NeuroStar Therapy for the treatment of MDD and other mental health disorders.
NeuroStar Therapy is indicated for the treatment of depressive episodes and for decreasing anxiety symptoms for those who may exhibit comorbid anxiety symptoms in adult patients suffering from MDD and who failed to achieve satisfactory improvement from previous antidepressant medication treatment in the current episode. It is also cleared by the U.S. Food and Drug Administration, as an adjunct for adults with obsessive-compulsive disorder and for adolescent patients aged 15 to 21 with MDD. Neuronetics is committed to transforming lives by offering an exceptional treatment that produces extraordinary results.
“Safe harbor” statement under the Private Securities Litigation Reform Act of 1995:
Certain statements in this press release, including the documents incorporated by reference herein, include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws and other applicable laws and “forward-looking information” within the meaning of applicable Canadian securities laws. Statements in this press release that are not historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as “outlook,” “potential,” “believe,” “expect,” “plan,” “anticipate,” “predict,” “may,” “will,” “could,” “would” and “should” as well as the negative of these terms and similar expressions. These statements are subject to significant risks and uncertainties and actual results could differ materially from those projected. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. These risks and uncertainties include, without limitation, risks and uncertainties related to: the effect of the transaction with Greenbrook, on the Company’s business relationships, operating results and business generally; the Company’s ability to execute its business strategy; the Company’s ability to achieve or sustain profitable operations due to its history of losses; the Company’s ability to successfully complete the announced restructuring plans; the Company’s reliance on the sale and use of the NeuroStar Advanced Therapy System to generate revenues; the scale and efficacy of the Company’s salesforce; the Company’s ability to retain talent; availability of coverage and reimbursement from third-party payors for treatments using the Company’s products; physician and patient demand for treatments using the Company’s products; developments in competing technologies and therapies for the indications that the Company’s products treat; product defects; the Company’s revenue has been concentrated among a small number of customers; the Company’s ability to obtain and maintain intellectual property protection for its technology; developments in clinical trials or regulatory review of the NeuroStar System for additional indications; developments in regulation in the U.S. and other applicable jurisdictions; the terms of the Company’s credit facility; the Company’s ability to successfully roll-out the Company’s Better Me Provider program on the planned timeline; the Company’s self-sustainability and existing cash balances; and the Company’s ability to achieve cash flow positive in the third quarter of 2025. For a discussion of these and other related risks, please refer to the Company’s recent filings with the SEC, which are available on the SEC’s website at www.sec.gov, including, without limitation, the factors described under the heading “Risk Factors” in Neuronetics’ Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and Greenbrook’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, as each may be updated or supplemented by subsequent reports that Neuronetics has filed or files with the SEC. These forward-looking statements are based on the Company’s expectations and assumptions as of the date of this press release. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events, or changes in the Company’s expectations.
Investor Contact:
Mike Vallie or Mark Klausner
ICR Healthcare
443-213-0499
ir@neuronetics.com
Media Contact:
EvolveMKD
646-517-4220
NeuroStar@evolvemkd.com
| NEURONETICS, INC. Statements of Operations (Unaudited; In thousands, except per share data) | ||||||||||||||||
| Three Months ended | Year ended | |||||||||||||||
| December 31, | December 31, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Revenues | $ | 22,493 | $ | 20,314 | $ | 74,890 | $ | 71,348 | ||||||||
| Cost of revenues | 7,600 | 4,543 | 20,729 | 19,643 | ||||||||||||
| Gross profit | 14,893 | 15,771 | 54,161 | 51,705 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Sales and marketing | 9,854 | 11,716 | 45,674 | 47,318 | ||||||||||||
| General and administrative | 10,216 | 6,276 | 29,756 | 25,426 | ||||||||||||
| Research and development | 5,772 | 2,206 | 12,771 | 9,515 | ||||||||||||
| Total operating expenses | 25,842 | 20,198 | 88,201 | 82,259 | ||||||||||||
| Loss from operations | (10,949 | ) | (4,427 | ) | (34,040 | ) | (30,554 | ) | ||||||||
| Other (income) expense: | ||||||||||||||||
| Interest expense | 1,757 | 1,843 | 7,286 | 5,424 | ||||||||||||
| Loss on extinguishment of debt | — | — | 4,427 | — | ||||||||||||
| Other income, net | (548 | ) | (893 | ) | (2,549 | ) | (5,789 | ) | ||||||||
| Net loss | $ | (12,158 | ) | $ | (5,377 | ) | $ | (43,204 | ) | $ | (30,189 | ) | ||||
| Net loss per share of common stock outstanding, basic and diluted | $ | (0.33 | ) | $ | (0.19 | ) | $ | (1.37 | ) | $ | (1.05 | ) | ||||
| Weighted average common shares outstanding, basic and diluted | 36,674 | 29,048 | 31,626 | 28,658 | ||||||||||||
| NEURONETICS, INC. Balance Sheets (Unaudited; In thousands, except per share data) | ||||||||
| December 31, | December 31, | |||||||
| 2024 | 2023 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 18,459 | $ | 59,677 | ||||
| Restricted cash | 1,000 | — | ||||||
| Accounts receivable, net | 23,355 | 15,782 | ||||||
| Inventory | 4,248 | 8,093 | ||||||
| Current portion of net investments in sales-type leases | 206 | 905 | ||||||
| Current portion of prepaid commission expense | 3,078 | 2,514 | ||||||
| Current portion of note receivables | 930 | 2,056 | ||||||
| Prepaid expenses and other current assets | 6,846 | 4,766 | ||||||
| Total current assets | 58,122 | 93,793 | ||||||
| Property and equipment, net | 6,242 | 2,009 | ||||||
| Goodwill | 13,988 | — | ||||||
| Identified Intangibles, net | 16,798 | — | ||||||
| Operating lease right-of-use assets | 27,093 | 2,773 | ||||||
| Net investments in sales-type leases | 86 | 661 | ||||||
| Prepaid commission expense | 8,902 | 8,370 | ||||||
| Long-term notes receivable | 295 | 3,795 | ||||||
| Other assets | 1,923 | 4,430 | ||||||
| Total assets | $ | 133,449 | $ | 115,831 | ||||
| Liabilities and Stockholders’ Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 11,077 | $ | 4,752 | ||||
| Accrued expenses | 13,044 | 12,595 | ||||||
| Deferred revenue | 974 | 1,620 | ||||||
| Deferred and contingent consideration | 1,000 | — | ||||||
| Other payables | 605 | — | ||||||
| Current portion of operating lease liabilities | 4,791 | 845 | ||||||
| Total current liabilities | 31,492 | 19,812 | ||||||
| Long-term debt, net | 55,151 | 59,283 | ||||||
| Deferred revenue | 2 | 200 | ||||||
| Operating lease liabilities | 22,686 | 2,346 | ||||||
| Total liabilities | 109,331 | 81,641 | ||||||
| Commitments and contingencies | — | — | ||||||
| Stockholders’ equity: | ||||||||
| Preferred stock, | — | — | ||||||
| Common stock, | 557 | 291 | ||||||
| Additional paid-in capital | 446,938 | 409,980 | ||||||
| Accumulated deficit | (419,285 | ) | (376,081 | ) | ||||
| Total Stockholders’ equity excluding non-controlling interest | 28,210 | 34,190 | ||||||
| Non-controlling interest | (4,091 | ) | — | |||||
| Total liabilities and Stockholders’ equity | $ | 133,449 | $ | 115,831 | ||||
| NEURONETICS, INC. Statements of Cash Flows (Unaudited; In thousands) | ||||||||
| Year ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Cash flows from Operating activities: | ||||||||
| Net loss | $ | (43,204 | ) | $ | (30,189 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation and amortization | 2,069 | 2,006 | ||||||
| Capitalized Software impairment | 3,956 | — | ||||||
| Allowance for credit losses | 2,055 | 390 | ||||||
| Inventory impairment | 626 | 1,905 | ||||||
| Share-based compensation | 5,602 | 7,319 | ||||||
| Non-cash interest expense | 771 | 634 | ||||||
| Loss on extinguishment of debt | 4,427 | — | ||||||
| Loss on disposal of property and equipment | 28 | — | ||||||
| Changes in certain assets and liabilities: | ||||||||
| Accounts receivable, net | (3,727 | ) | (8,831 | ) | ||||
| Inventory | 3,150 | (1,098 | ) | |||||
| Net investment in sales-type leases | 997 | 1,193 | ||||||
| Prepaid commission expense | (1,096 | ) | (1,319 | ) | ||||
| Prepaid expenses and other assets | (1,155 | ) | (2,845 | ) | ||||
| Accounts payable | (1,985 | ) | 2,029 | |||||
| Accrued expenses | (2,602 | ) | (2,243 | ) | ||||
| Other Liabilities | (66 | ) | — | |||||
| Deferred revenue | (843 | ) | (989 | ) | ||||
| Net Cash used in Operating activities | (30,997 | ) | (32,038 | ) | ||||
| Cash flows from Investing activities: | ||||||||
| Purchases of property and equipment and capitalized software | (1,466 | ) | (2,369 | ) | ||||
| Fees paid on acquisition, net of cash acquired | (2,553 | ) | — | |||||
| Repayment of notes receivable | 1,606 | 1,047 | ||||||
| Net Cash used in Investing activities | (2,413 | ) | (1,322 | ) | ||||
| Cash flows from Financing activities: | ||||||||
| Payments of debt issuance costs | (2,624 | ) | (1,104 | ) | ||||
| Proceeds from issuance of long-term debt | 57,479 | 25,000 | ||||||
| Proceeds from issuance of warrants | 2,521 | — | ||||||
| Repayment of long-term debt | (60,000 | ) | (1,200 | ) | ||||
| Payment for debt extinguishment cost | (4,185 | ) | — | |||||
| Proceeds from exercises of stock options | 1 | 1 | ||||||
| Net Cash (used in) provided by Financing activities | (6,808 | ) | 22,697 | |||||
| Net decrease in Cash and Cash equivalents | (40,218 | ) | (10,663 | ) | ||||
| Cash and Cash equivalents, Beginning of Period | 59,677 | 70,340 | ||||||
| Cash, Cash equivalents and restricted cash, End of Period | $ | 19,459 | $ | 59,677 | ||||
Non-GAAP Financial Measures (Unaudited)
EBITDA and adjusted EBITDA are not measures of financial performance under generally accepted accounting principles in the U.S.(“GAAP”), and should not be construed as a substitute for, or superior to, GAAP net loss. However, management uses both the GAAP and non-GAAP financial measures internally to evaluate and manage the Company’s operations and to better understand its business. Further, management believes that the addition of the non-GAAP financial measures provides meaningful supplementary information to, and facilitates analysis by, investors in evaluating the Company’s financial performance, results of operations and trends. The Company’s calculation of EBITDA and adjusted EBITDA may not be comparable to similarly designated measures reported by other companies, because companies and investors may differ as to what type of events warrant adjustment.
The following table reconciles reported net loss to EBITDA and Adjusted EBITDA:
| Three Months ended | Year ended | |||||||||||||||
| December 31, | December 31, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| (in thousands) | (in thousands) | |||||||||||||||
| Net loss | $ | (12,158 | ) | $ | (5,377 | ) | $ | (43,204 | ) | $ | (30,189 | ) | ||||
| Interest expense, net | 1,209 | 1,843 | 4,737 | 5,424 | ||||||||||||
| Income taxes | — | — | — | — | ||||||||||||
| Depreciation and amortization | 442 | 503 | 2,148 | 2,006 | ||||||||||||
| EBITDA | $ | (10,507 | ) | $ | (3,031 | ) | $ | (36,319 | ) | $ | (22,759 | ) | ||||
| Acquisition related expense (Note. 1) | 6,584 | — | 6,584 | — | ||||||||||||
| Software impairment (Note. 2) | 4,031 | — | 4,034 | — | ||||||||||||
| Loss on extinguishment of debt (Note.3) | — | — | 4,427 | — | ||||||||||||
| Inventory impairment on circuit boards (Note.4) | — | — | — | 1,747 | ||||||||||||
| Adjusted EBITDA | $ | 108 | $ | (3,031 | ) | $ | (21,274 | ) | $ | (21,012 | ) | |||||
- In connection with the acquisition of Greenbrook, the Company incurred acquisition related expenses totaling approximately
$6.6 million which were non-recurring and infrequent in nature. These expenses are removed from EBITDA in order to provide a more accurate depiction of the company’s core operational performance for the period presented. - During the quarter ended December 31, 2024, following a change in strategy, the Company halted development on a certain product release resulting in a software impairment charge of approximately
$4.0 million . This expense, which is infrequent and non-recurring in nature, is removed from EBITDA in order to provide a more accurate depiction of the company’s core operational performance for the period presented. - In connection with its
$60 million debt refinance in the third quarter of 2024 from SLR Capital to Perceptive Advisors the Company recorded a loss on extinguishment of approximately$4.4 million . This infrequent and non-recurring expense is removed from EBITDA in order to provide a more accurate reflection of the company’s core operational performance for the period presented. - Due in part to a change in strategy, in 2023 the Company recorded an inventory impairment charge related to circuit boards totaling
$1.7 million . This infrequent and non-recurring expense is removed from EBITDA in order to provide a more accurate reflection of the company’s core operational performance for the period presented.
FAQ
What are Neuronetics (STIM) revenue projections for 2025?
How much did STIM's Q4 2024 revenue grow compared to Q4 2023?
When does Neuronetics (STIM) expect to become cash flow positive?
What cost synergies has STIM achieved from the Greenbrook acquisition?
How much capital did STIM raise in its February 2025 secondary offering?
