Nevro reports Q2 EPS (69c), consensus (69c)

Reports Q2 revenue $108.8M, consensus $106.88M. “While we are encouraged by the early signs of recovery and the long-term outlook of the SCS market, the market recovery will not be linear. We do expect a return to sustained historical market growth rates and are working to lay a stronger foundation in our commercial execution as we transition into our next phase of growth,” said Kevin Thornal, Nevro’s CEO and President. “With our new CCO, Greg Siller, on board and looking more importantly to the second half of the year and beyond, we have focused and reengaged our field team very intensely on patient trial growth and referral physician education. While it’s early, we’ve seen some promising initial signs and responsiveness to those efforts.”