Welcome to our dedicated page for Acutus Medical news (Ticker: AFIB), a resource for investors and traders seeking the latest updates and insights on Acutus Medical stock.
Acutus Medical, Inc. (AFIB) generates news primarily around its focused role in surgical and medical instrument manufacturing for left-heart access products. Company announcements emphasize that Acutus is centered on the production of left-heart access products under its distribution agreement with Medtronic, Inc., and on capturing potential net-sales earnouts under an asset purchase agreement with Medtronic. News items often explain how this focused business model shapes the company’s financial performance and operational decisions.
Recent press releases have detailed Acutus’ strategic realignment of resources and corporate restructuring, including the decision to wind down its electrophysiology mapping and ablation business and classify those activities as discontinued operations. News coverage includes updates on operational downsizing, workforce reductions, and the company’s efforts to reduce cash burn and ongoing operating expenses while supporting its obligations to Medtronic.
Investors following AFIB news can expect regular financial result announcements, such as quarterly and full-year earnings releases that distinguish between continuing operations in left-heart access manufacturing and discontinued operations in the EP mapping and ablation business. These releases often discuss revenue from continuing operations, gross margin trends related to left-heart access manufacturing, restructuring impacts, and the recording of gains on sale of business tied to the Medtronic agreements.
In addition, Acutus’ news frequently includes outlook statements connected to its realigned business model, commentary from company leadership on strategic priorities, and reminders of the risks highlighted in its forward-looking statements. For those tracking AFIB, this news flow provides context on how the company’s contract manufacturing focus, Medtronic relationship, and restructuring activities influence its ongoing operations and financial profile.
Acutus Medical, Inc. (Nasdaq: AFIB) announced it will release its first-quarter 2021 financial results on May 12, 2021. The company will host a conference call at 1:30 p.m. Pacific Time/4:30 p.m. Eastern Time to discuss these results and recent highlights. Interested parties can join via telephone or access a live webinar on the Acutus investor relations website. Acutus focuses on improving the diagnosis and treatment of cardiac arrhythmias with a wide range of electrophysiology products, aiming to enhance patient care and physician efficiency.
Acutus Medical, an arrhythmia management company (Nasdaq: AFIB), announces its participation in upcoming investor conferences. On May 4, 2021, the management team will attend the Truist Securities 7th Annual Life Sciences Summit. Additionally, on May 13, 2021, they will present at the Bank of America Merrill Lynch 2021 Global Healthcare Conference at 10:15 a.m. Eastern Time. The presentation will be available via a live audio webcast, with a replay accessible for 90 days afterward. Acutus focuses on innovative solutions for cardiac arrhythmias.
Acutus Medical announced FDA clearance for the AcQCross™ family of universal transseptal crossing devices, targeting over 300,000 annual U.S. electrophysiology and structural heart procedures. This is the first system designed for seamless compatibility with both Acutus and other manufacturers' sheaths. The product aims to enhance procedural efficiency by eliminating wire and needle exchanges, simplifying transseptal crossing for atrial fibrillation and related procedures. The full U.S. commercial launch is set to begin shortly.
Acutus Medical (Nasdaq: AFIB) has commenced initial US enrollments for its AcQForce™ Flutter Investigational Device Exemption (IDE) clinical trial. The trial aims to include up to 150 subjects to assess the efficacy and safety of the AcQBlate FORCE sensing ablation catheter for treating Right Atrial Typical Flutter, expected to reach 200,000 procedures annually by 2025. The catheter, which offers real-time contact force data, is already CE Marked and commercially available in Europe. Acutus aims to enhance patient outcomes and operational efficiency in cardiac ablation procedures.
Acutus Medical, Inc. (Nasdaq: AFIB) announced that its management will present at the 20th Annual Needham Virtual Healthcare Conference on April 13, 2021, at 3:45 p.m. Eastern Time. This event underscores Acutus's commitment to enhancing the diagnosis and treatment of cardiac arrhythmias. A live audio-only webcast of the presentation will be available on their website, with a replay accessible for 90 days post-event. Acutus, established in 2011 and based in Carlsbad, California, focuses on innovative electrophysiology products and solutions.
Acutus Medical reported substantial financial growth for Q4 and the full year 2020, with revenues of $2.6 million and $8.5 million, respectively, compared to $0.7 million and $2.8 million in 2019. The installed base of AcQMap consoles increased to 58 units. However, the company experienced a net loss of $29.4 million for Q4 and $102.0 million for the full year. Moving forward, the revenue forecast for 2021 is between $22 million and $30 million, with an expected first quarter revenue of $2.6 million to $3.0 million, reflective of ongoing COVID-19 challenges.
Acutus Medical has appointed John Sheridan to its Board of Directors, effective March 17, 2021. Sheridan, the President and CEO of Tandem Diabetes Care, brings over 20 years of experience in the medical device sector. He has a proven track record of driving growth and value in medical technology companies.
His leadership is expected to bolster Acutus's mission in the electrophysiology market, focusing on innovative solutions for cardiac arrhythmias. Sheridan expressed enthusiasm about contributing to the company's growth during this critical period.
Acutus Medical, Inc. (Nasdaq: AFIB) announced a rescheduling of its fourth quarter 2020 earnings conference call due to an error by their filing agent, Donnelley Financial Solutions. The call will now take place on March 18, 2021, at 5 a.m. PT / 8 a.m. ET. The live call can be accessed via phone or a webcast. Acutus aims to enhance the diagnosis and treatment of cardiac arrhythmias and continues to focus on advancing electrophysiology technology.
Acutus Medical, Inc. (Nasdaq: AFIB) will announce its fourth quarter and full year 2020 financial results on March 18, 2021. Following the release, Acutus will host a conference call at 1:30 PM PT / 4:30 PM ET to discuss the results and recent developments. Interested parties can access the call via phone or a live webinar on the company’s investor relations website. Acutus specializes in arrhythmia management and aims to enhance cardiac arrhythmia diagnoses and treatments through innovative products and partnerships.
Acutus Medical (Nasdaq: AFIB) has secured an Innovative Technology contract from Vizient, Inc., aimed at enhancing the treatment of cardiac arrhythmias. The award follows a recommendation from healthcare experts based on the effectiveness of the AcQMap® 3D Imaging and Mapping System.
The system demonstrates a significant clinical impact, with 72.5% of patients being free from atrial fibrillation at 12 months post-ablation. The contract will facilitate easier access for electrophysiologists to incorporate this technology, promising improved patient outcomes.
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