Here's Why Acutus Medical Shares Are Falling

Acutus Medical Inc AFIB shares are trading lower by 20.8% at $1.53 after the company reported worse-than-expected fourth-quarter EPS results and issued first-quarter sales guidance below analyst estimates.

Acutus Medical reported quarterly losses of $1.00 per share which missed the analyst consensus estimate of a loss of 83 cents per share. Acutus Medical reported quarterly sales of $4.36 million which beat the analyst consensus estimate of $4.21 million by 3.6%. This is a 69% increase over sales of $2.57 million in the same period last year.

Acutus Medical also sees first-quarter 2022 revenue as low as $3.2 million or as high as $3.5 million, which is below the analyst consensus estimate of $4.51 million.

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Acutus Medical is an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated. The company designs, manufactures and markets a range of tools for catheter-based ablation procedures to treat various arrhythmias.

Acutus Medical has a 52-week high of $18.00 and a 52-week low of $1.39.