Shares of Ra Medical Systems RMED decreased 9.56% in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 62.93% year over year to ($0.43), which missed the estimate of ($0.22).
Revenue of $900,000 decreased by 58.20% from the same period last year, which beat the estimate of $550,000.
Looking Ahead
Ra Medical Systems hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Aug 11, 2020
Time: 04:30 PM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/rmed/mediaframe/39551/indexr.html
Recent Stock Performance
Company's 52-week high was at $2.93
52-week low: $0.28
Price action over last quarter: down 61.36%
Company Description
Ra Medical Systems Inc is a commercial-stage medical device company leveraging its laser-based platform for use in the treatment of vascular and dermatological immune-mediated inflammatory diseases. Its products restore blood-flow in arteries and clearing chronic skin conditions. The company's products include DABRA and Pharos. DABRA System is used as a tool in the treatment of peripheral artery disease, or PAD, a form of peripheral vascular disease, which commonly occurs in the legs. Pharos is designed for use in the treatment of inflammatory skin conditions and as a tool in the treatment of psoriasis, vitiligo, atopic dermatitis, and leukoderma. It operates in two segments namely the vascular segment and the dermatology segment.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.