REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Nevro Corp. (NVRO) on Tuesday reported a loss of $25.4 million in its first quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 70 cents.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.02 per share.
The maker of an electrical implant that treats leg and back pain posted revenue of $101.9 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $98.4 million.
For the current quarter ending in June, Nevro said it expects revenue in the range of $106 million to $108 million.
The company expects full-year revenue in the range of $435 million to $445 million.
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