Neuronetics Stock Price, News & Analysis

Neuronetics (NASDAQ: STIM) has launched its first TrakStar® Patient Data Management System software update alongside an educational campaign titled Get There FASTER with TrakStar. This initiative is designed to help NeuroStar providers maximize the software’s features, enhancing patient access to treatment. The updates include a new electronic Benefits Investigation process, allowing practices to manage patient coverage and track individual outcomes more efficiently. With these enhancements, Neuronetics aims to improve healthcare delivery for patients with neurohealth disorders, reinforcing its commitment to transform lives through innovative technology.

MALVERN, Pa., Feb. 22, 2023 – Neuronetics, Inc. (NASDAQ: STIM) announced plans to release fourth quarter 2022 financial results before the market opens on March 7, 2023. A conference call will be held at 8:30 a.m. ET that same day to discuss the results. The call will be available via a live webcast and participants are encouraged to join 10 minutes early. Neuronetics focuses on non-invasive treatments for neurohealth disorders, including its FDA-cleared NeuroStar Advanced Therapy for major depressive disorder (MDD) and anxiety.

Neuronetics participated as a Silver Sponsor at the 5th International Brain Stimulation Conference in Lisbon (Feb 19-22, 2023), showcasing significant findings from the NeuroStar Outcomes Registry. Research presented by Dr. Harold Sackeim established a strong dose-response relationship between the number of transcranial magnetic stimulation (TMS) sessions and improved outcomes for patients with major depressive disorder (MDD). It was highlighted that completing the full course of treatment, potentially exceeding 36 sessions, is crucial for effective results. This research, based on over 7,000 patients, reinforces NeuroStar's leading position in mental health treatment.

Neuronetics, Inc. (NASDAQ: STIM) announces the promotion of Sara Grubbs to Senior Vice President and Chief Revenue Officer. This move is aimed at aligning revenue-generating functions across the company. Since joining in 2020, Grubbs has notably transformed the sales organization and enhanced education initiatives, boosting sales productivity. Under her guidance, the NeuroStar Advanced Therapy footprint expanded with 250 new accounts and 440 NeuroStar systems added. The company has also entered significant partnerships, including an exclusive agreement with Greenbrook TMS, the largest TMS provider in the U.S. Grubbs aims to strengthen organizational frameworks to maximize revenue.

Neuronetics, Inc. (STIM) announced a significant update to healthcare policy from National Government Services (NGS) that expands access to its NeuroStar TMS therapy for major depressive disorder (MDD). Effective April 1, 2023, non-physician practitioners (NPPs) will be able to prescribe and administer TMS, reducing the medication failure requirement from four to two prior treatments. This change aims to improve patient care amid a nationwide mental health crisis, allowing more individuals affected by MDD to receive non-drug treatment.

Neuronetics remains committed to advocating for health policy changes, enhancing patient access to potentially life-saving therapies.

Neuronetics has announced an expanded partnership with Greenbrook TMS through 2028, making Neuronetics the exclusive supplier of TMS equipment for Greenbrook. The agreement focuses on replacing existing TMS devices with Neuronetics’ NeuroStar systems and includes co-branding, co-marketing, and joint product development initiatives. This collaboration aims to enhance patient awareness and access to care for treating mental health disorders.

Neuronetics is a leader in TMS therapy, with over 4.3 million treatments delivered to patients with major depressive disorder (MDD). The partnership is seen as a significant step to advance TMS as a treatment option.

MALVERN, Pa., Jan. 18, 2023 – Neuronetics, Inc. (NASDAQ: STIM) has announced the granting of inducement awards to three new non-executive employees as part of their hiring process. These awards, totaling 11,344 Restricted Stock Units (RSUs), have a fair value based on the closing stock price on the Nasdaq Global Select Market. The RSUs will vest in equal installments over three years, contingent on continued employment. Neuronetics, recognized as a leader in neuroscience, aims to enhance mental health treatment with its NeuroStar® Advanced Therapy system, which is FDA-cleared for major depressive disorder and other conditions.

Neuronetics, a medical technology company listed on NASDAQ under the ticker STIM, has settled its litigation against BrainsWay concerning unfair competition allegations. The settlement mandates BrainsWay to cease using specific efficacy data related to the treatment of anxious depression with NeuroStar Advanced Therapy. CEO Keith J. Sullivan reaffirmed the company's commitment to defending its data and the efficacy of NeuroStar. This therapy is FDA-cleared for major depressive disorder and has delivered over 5 million treatments, backed by extensive clinical data.

Neuronetics, Inc. (NASDAQ: STIM) reported preliminary unaudited revenue results for Q4 and full year 2022. Q4 revenue is approximately $18.0 million, exceeding guidance of $16.0 to $17.0 million. NeuroStar Advanced Therapy revenue for Q4 is projected at $4.6 million, while U.S. Treatment Session revenue is about $12.4 million. Full year 2022 revenue is expected to be $65.0 million, surpassing guidance of $63.0 to $64.0 million. The company attributes growth to successful marketing and education efforts, aiming for continued momentum in 2023.