Revenue GuidanceLower-than-expected 2025 revenue guidance introduced, with the company expecting $30M, representing 19.1% y/y growth, below prior consensus and estimates.
Sales VariabilityAnalyst is lowering estimates and the 12-month price target to $12 from $25 due to quarterly TAC-STIM sales variability and updated outlook on Quell's commercial pathway.
Stock PerformanceThe stock decline is mostly attributed to the company not issuing forward guidance, which it has done in the past.