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Neuronetics: 2Q Earnings Snapshot

August 6, 2019

MALVERN, Pa. (AP) _ Neuronetics Inc. (STIM) on Tuesday reported a loss of $7.1 million in its second quarter.

The Malvern, Pennsylvania-based company said it had a loss of 39 cents per share.

The medical device company focused on psychiatric disorders posted revenue of $16.6 million in the period.

For the current quarter ending in October, Neuronetics said it expects revenue in the range of $15.8 million to $16.4 million.

The company expects full-year revenue in the range of $63 million to $65 million.

Neuronetics shares have dropped 46% since the beginning of the year. The stock has declined 58% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STIM at https://www.zacks.com/ap/STIM

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