SAN FRANCISCO (AP) _ Invuity Inc. (IVTY) on Thursday reported a loss of $9 million in its second quarter.
The San Francisco-based company said it had a loss of 37 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The medical technology company posted revenue of $10.5 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $10.7 million.
In the final minutes of trading on Thursday, the company’s shares hit $4.20. A year ago, they were trading at $6.35.