Investors are punishing Vapotherm (VAPO -35.9%) after its Q3 revenue miss and softer guidance. Highlights:
Revenue: $10.8M (+15.1%).
Capital revenue down 7.0% due to fewer sales/leases of Precision Flow units and lower selling prices in the U.S.
Net loss: ($12.8M) (-34.7%); loss/share: ($0.65) (+94.0%).
Cash consumption (9 mo.): ($28.5M) (flat).
Q4 guidance: Revenue: $12.0M – 12.5M.
2019 guidance: Revenue: $47.1M – 47.6M from $49.0M – 51.0M.
Previously: Vapotherm EPS beats by $0.10, misses on revenue (Nov. 5)
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