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MINERVA SURGICAL INC NEW - $UTRS STOCK NEWS

Welcome to our dedicated page for MINERVA SURGICAL NEW news (Ticker: $UTRS), a resource for investors and traders seeking the latest updates and insights on MINERVA SURGICAL NEW stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MINERVA SURGICAL NEW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Minerva Surgical, Inc. (Nasdaq: UTRS) reported third quarter financial results, with revenue of $12.0 million and an increase in Symphion product revenue by 19% compared to the same period in 2022. Despite a 5% decline in total revenue, Symphion product revenues experienced strong growth. The company's gross margin decreased to 52.0% due to cost increases and a product mix shift. Operating expenses decreased to $12.3 million, contributing to a net loss of $7.2 million. Adjusted EBITDA was negative $3.8 million, improved from the same period in 2022.
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MINERVA SURGICAL INC NEW

Nasdaq:UTRS

UTRS Rankings

UTRS Stock Data

5.77M
2.65M
0.43%
70.08%
0.42%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States of America
Santa Clara

About UTRS

minerva surgical, inc. is a medical device start-up company based in the silicon valley; redwood city, ca. the company's efforts are focused on women's healthcare. currently, minerva surgical's development projects are aimed at delivering next generation products for the treatment of abnormal uterine bleeding, a condition that affects almost 1 in 5 women. the company was founded in 2008 by a group of experienced medical device industry veterans. these founders have successfully delivered numerous medical device based therapies to patients over a span of 30 years.