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NeuroPace, Inc. reports company developments as a medical device company focused on epilepsy care through the RNS System, a brain-responsive neuromodulation platform that monitors brain electrical activity and delivers personalized electrical stimulation at the seizure source. Recurring updates cover RNS System revenue, financial results, gross margin, research and development spending, and corporate outlook commentary.
NeuroPace news also includes clinical evidence for drug-resistant focal epilepsy and broader epilepsy programs, including post-approval study publications and NAUTILUS trial presentations. Additional announcements include healthcare conference presentations, investor communications, product-platform development, AI-enabled tools, and other clinical or regulatory disclosures tied to responsive neurostimulation.
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NeuroPace, a medical device company based in Mountain View, California, is set to announce its financial results for the first quarter of 2023 on May 4, 2023. The report will be released after market close, followed by a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The call will be accessible through a live and archived webcast on the company's website, ensuring replay availability for at least 90 days. NeuroPace specializes in innovative treatments for epilepsy, particularly with its RNS System, aimed at offering personalized, real-time solutions to patients suffering from drug-resistant epilepsy. This advanced platform represents a significant step forward in the care of patients with seizure disorders, promoting improved outcomes.
NeuroPace, a medical device company focused on improving the lives of individuals with epilepsy, announced participation in the 22nd Annual Needham Virtual Healthcare Conference. The presentation will take place on April 17, 2023, at 7:15 a.m. PT / 10:15 a.m. ET. A live webcast and an archived recording will be available on the company’s website. NeuroPace is renowned for its RNS System, a brain-responsive platform that delivers real-time treatment to help reduce or eliminate seizures. This innovative technology aims to enhance the standard of care for patients suffering from drug-resistant epilepsy and has potential applications for other brain disorders.
NeuroPace reported its fourth quarter and full-year financial results for 2022, highlighting a 16% increase in total revenue to $12.8 million compared to the previous year. Initial implant revenue rose 15% to $9.8 million, while revenue from DIXI Medical products contributed $1.6 million. However, the company saw a decline in replacement implant revenue to $1.4 million, down from $2.5 million year-over-year, which was anticipated. Gross margin for Q4 was 69%, a decrease from 73% the previous year. Full-year revenue was $45.5 million, a 1% growth, with a net loss of $47.1 million.
For 2023, NeuroPace projects revenue between $50 million and $52 million, driven by RNS System utilization.