Neuronetics Reports Record Fourth Quarter and Record Full Year 2023 Financial and Operating Results
For the period ended December 31, 2023 and 2022, the Company shipped 205 and 213 systems, respectively.
- For the period ended December 31, 2023 and 2022, the Company shipped 205 and 213 systems, respectively.
- Gross margin for the full year 2023 were 72.5%, a decrease of approximately 380 basis points from the full year 2022 gross margin of 76.3%.
- Operating expenses during the full year 2023 was $82.3 million, a decrease of $2.5 million, or 2.9% compared to $84.8 million in the full year 2022.
- See the accompanying financial table that reconciles EBITDA, which is a non-GAAP financial measure, to net loss.