Neuronetics to Report Fourth Quarter and Fiscal Year 2020 Financial and Operating Results and Host Conference Call

Rhea-AI Summary

Neuronetics, Inc. (NASDAQ: STIM) announced plans to release its Q4 and FY 2020 financial results on March 2, 2021, ahead of market open. The company will provide guidance for Q1 and full year 2021 during this update.

A conference call to discuss the results will take place at 8:30 a.m. ET on the same day. Neuronetics specializes in medical technology aimed at enhancing the quality of life for patients with psychiatric disorders, with its flagship product, NeuroStar Advanced Therapy System, using TMS to treat major depressive disorder.

Positive

• Upcoming release of Q4 and FY 2020 results may bring clarity on financial performance and projections.
• Guidance for Q1 and full year 2021 could indicate growth potential.

Negative

• None.

MALVERN, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders, today announced that it plans to release fourth quarter and fiscal year 2020 financial and operating results, and certain guidance for the first quarter and full year 2021, prior to market open on Tuesday, March 2, 2021. The Company will host a conference call to review its results at 8:30 a.m. Eastern Time the same day.

The conference call will be broadcast live in listen-only mode via a webcast on the Company’s investor relations website at ir.neuronetics.com. To listen to the conference call on your telephone, please dial (877) 472-8990 for United States callers or +1 (629) 228-0778 for international callers and reference confirmation code 2124449, approximately ten minutes prior to start time. The replay will be available on the Company's website for approximately 60 days.

About Neuronetics

Neuronetics, Inc. is a commercial-stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from psychiatric disorders. Our first commercial product, the NeuroStar^® Advanced Therapy System, is a non-invasive and non-systemic office-based treatment that uses transcranial magnetic stimulation, or TMS, to create a pulsed, MRI-strength magnetic field that induces electrical currents designed to stimulate specific areas of the brain associated with mood. The system is cleared by the United States Food and Drug Administration, or FDA, for the treatment of major depressive disorder in adult patients who have failed to achieve satisfactory improvement from prior antidepressant medication in the current episode. Additional information can be found at www.neuronetics.com.

Investor Contact:

Mark R. Klausner
Westwicke Partners
443-213-0501
ir@neuronetics.com

Media Contact:

Chelsey Manko
Vault Communications
610-455-2778
cmanko@vaultcommunications.com

FAQ

When will Neuronetics announce its Q4 and FY 2020 financial results?

Neuronetics will announce its Q4 and FY 2020 financial results on March 2, 2021.

What time is the Neuronetics conference call to discuss financial results?

The conference call will take place at 8:30 a.m. Eastern Time on March 2, 2021.

What is the significance of NeuroStar for Neuronetics?

NeuroStar is Neuronetics' primary product, a TMS system approved for treating major depressive disorder.

What guidance will Neuronetics provide on March 2, 2021?

Neuronetics will provide guidance for the first quarter and full year 2021 during its financial results announcement.