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Acutus Medical sees Q4 revenue $4.7M-$4.9M, consensus $4.15M

Year-over-year growth was driven by an increase in commercial AcQMap procedures worldwide, continued adoption of the company’s differentiated mapping, therapy and accessory products, and stabilization in capital sales. In addition to the improved business performance, the Company expects a significant reduction in cash burn. Excluding the proceeds associated with milestones from the left-heart access portfolio sale to Medtronic, the company expects cash burn to decline 25-30% compared to the third quarter of 2022 and 35-40% compared to the fourth quarter of 2021.

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Published first on TheFly

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