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Thursday, January 24, 2019

NeuroMetrix Q4 miss hits shares


Thinly traded nano cap NeuroMetrix (NURO -20.2%) is down on average volume following its Q4 report that included a revenue miss. Highlights:
Revenue: $3.7M (-24.5%), down $1.2M from a year ago due to lower advertising and “refocused” distribution for Quell device.
Net loss: ($2.8M), cash and equivalents at quarter-end: $6.8M.

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