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Wednesday, November 6, 2019

Vapotherm down 36% after Q3 revenue miss, guidance cut

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.

FDA OKs Aurobindo’s naloxone for opioid overdose

The FDA has approved Aurobindo Pharma’s (OTC:ARBQY) injectable Naloxone Hydrochloride for the treatment of opioid overdose.

Evolent up 14% after Q3 beat, guidance update

Evolent Health (EVH +14%) is up on double normal volume after its Q3 report released after the close yesterday. Highlights:
Revenue: $220.1M (+46.8%); Platform & operations services: $171.4M (+45.1%).
Net loss: ($25.5M) (-105.6%); loss/share: ($0.30) (-87.5%).
Non-GAAP EBITDA: $3,333M (-30.5%).
Cash consumption (9 mo.): ($55.8M) (-999%).
2019 guidance: Revenue: $838M – 850M from $825M – 850M; non-GAAP EBITDA: ($11.1M – 8.1M) from ($10.0M – 2.0M).

Care.com +4% after beats, in-line view

Care.com (NYSE:CRCM) is up 4% after this morning’s Q3 beats and in-line Q4 guidance, which sees revenue of $50.7-50.9M (consensus: $50.78M) and $0.17 EPS (flat with consensus).
U.S. consumer revenue grew 3% Y/Y in Q3 to $39.5M. Other businesses totaled $13.8M, up 29%.
Total members were up 14% to 35.2M and total families rose 16% to 20.6M.

Vanda Pharmaceuticals EPS of $1.84

Vanda Pharmaceuticals (NASDAQ:VNDA): Q3 EPS of $1.84 may not be comparable to consensus of $0.07.
Revenue of $59.49M (+21.1% Y/Y) beats by $1.16M.

GenMark Diagnostics EPS misses by $0.01, beats on revenue

GenMark Diagnostics (NASDAQ:GNMK): Q3 GAAP EPS of -$0.20 misses by $0.01.
Revenue of $20.9M (+32.3% Y/Y) beats by $0.39M.

Aimmune Therapeutics EPS in-line

Aimmune Therapeutics (NASDAQ:AIMT): Q3 GAAP EPS of -$1.03 in-line.
Cash, equivalents and investments of $200.5M