Latest news with #Neuronetics
Business Upturn
14-05-2025
- Health
- Business Upturn
Neuronetics Launches First Inaugural National TMS Therapy Awareness Day During Mental Health Awareness Month
New national awareness day will foster greater understanding of transcranial magnetic stimulation (TMS) treatment The company will celebrate on social media, sharing patient and provider stories that highlight the impact NeuroStar has as a safe, effective, and non-drug treatment for depression MALVERN, Pa., May 14, 2025 (GLOBE NEWSWIRE) — Neuronetics, Inc. (NASDAQ: STIM), a vertically integrated, commercial stage, medical technology and healthcare company with a strategic vision of transforming the lives of patients whenever and wherever they need help, with the leading neurohealth therapies in the world, is proud to launch the first National TMS Therapy Awareness Day. The event will take place each year on May 14 during May's Mental Health Awareness Month. This day is dedicated to raising awareness of transcranial magnetic stimulation (TMS) as a proven, non-drug treatment option for individuals living with major depressive disorder (MDD), depression with anxiety, and OCD, especially those who have not found relief through antidepressants. 'National TMS Awareness Day is about giving hope to people who haven't found relief and being a driving force in the National Mental Health Awareness conversation,' said Keith Sullivan, President and Chief Executive Officer of Neuronetics. 'Far too many individuals feel stuck or discouraged after trying multiple antidepressants without receiving adequate relief from their symptoms. By launching this National Day, we want to raise awareness that non-medication approaches like NeuroStar TMS therapy exist—and they're helping real people reclaim their lives. Our goal is to make sure every patient, caregiver, and provider knows that effective, non-drug treatments are available and within reach.' Transcranial magnetic stimulation was first cleared by the FDA in 2008 for treatment-resistant depression in adults. Since then, it has become a widely adopted, evidence-backed modality for those who haven't responded to medication intervention. NeuroStar is the leading TMS therapy in the United States—and in 2024, NeuroStar also received FDA clearance for use in adolescents, expanding access to younger patients in need of non-drug treatment options. Over 300 million people have insurance plans that cover NeuroStar TMS therapy, including Medicare and Tricare. 'One of the reasons NeuroStar is the leading TMS therapy is the precision of our technology,' said Geoffrey Grammer, MD, Chief Medical Officer of Neuronetics. 'Our unique coil design is built to deliver focused magnetic pulses exactly where they're needed. Combined with our Contact Sensing feature, this ensures every session is both consistent and effective, helping patients get the most out of their treatment. We take pride in our scientific and engineering rigor, which continues to advance the field of TMS therapy and enhance the lives of our patients. On National TMS Therapy Awareness Day, we celebrate the real-world impact of NeuroStar TMS Therapy and the difference it makes.' Kristen Gingrich, a licensed clinical social worker, mother, and patient advocate, has documented her experience with NeuroStar TMS after struggling with depression since her teens—worsened by postpartum challenges. After trying talk therapy and multiple antidepressants without lasting relief, she turned to NeuroStar TMS and is now sharing her treatment journey during Mental Health Awareness Month. Kristen's story, which can be seen on both her account (@notyouraveragethrpst) and NeuroStar social media channels, helps shine a light about non-drug options and inspire others facing similar struggles to seek help. In addition to founding this awareness day, NeuroStar TMS continues its legacy as the leading TMS device company by presenting data at the 2025 American Psychiatric Association Annual Meeting (May 17-21). The poster 'The Profile of Symptom Change with Transcranial Magnetic Stimulation for Major Depressive Disorder' builds on prior research and evaluates TMS protocols and their treatment efficacy. To learn more about TMS Awareness Day and NeuroStar TMS therapy, visit About Neuronetics Neuronetics, Inc. believes that mental health is as important as physical health. As a global leader in neuroscience, Neuronetics is delivering more treatment options to patients and physicians by offering exceptional in-office treatments that produce extraordinary results. NeuroStar Advanced Therapy is a non-drug, noninvasive treatment that can improve the quality of life for people suffering from neurohealth conditions when traditional medication has not helped. In addition to selling the NeuroStar Advanced Therapy System and associated treatment sessions to customers, Neuronetics operates Greenbrook TMS Inc. (Greenbrook) treatment centers across the United States, offering NeuroStar Advanced Therapy for the treatment of MDD and other mental health disorders. NeuroStar Advanced Therapy is the leading TMS treatment for MDD in adults, with more than 7.4 million treatments delivered, and is backed by the largest clinical data set of any TMS treatment system for depression, including the world's largest depression outcomes registry. Greenbrook treatment centers also offer SPRAVATO® (esketamine) CIII Nasal Spray, a prescription medicine indicated for the treatment of treatment-resistant depression (TRD) in adults as monotherapy or in conjunction with an oral antidepressant. It is also indicated for depressive symptoms in adults with major depressive disorder (MDD) with acute suicidal ideation or behavior in conjunction with an oral antidepressant.1 Greenbrook has provided more than 1.8 million treatments to over 55,000 patients struggling with depression. The NeuroStar Advanced Therapy System is cleared by the U.S. Food and Drug Administration for adults with MDD, as an adjunct for adults with obsessive-compulsive disorder, to decrease anxiety symptoms in adult patients with MDD that may exhibit comorbid anxiety symptoms (anxious depression), and as a first line adjunct for the treatment of MDD in adolescent patients aged 15-21. For safety information and indications for use, visit Neuronetics Contact:Investors:Mike Vallie or Mark KlausnerICR Healthcare443-213-0499 [email protected]
Yahoo
09-05-2025
- Business
- Yahoo
Neuronetics, Inc. (NASDAQ:STIM) Released Earnings Last Week And Analysts Lifted Their Price Target To US$6.83
Investors in Neuronetics, Inc. (NASDAQ:STIM) had a good week, as its shares rose 4.3% to close at US$4.65 following the release of its first-quarter results. Results overall weren't great; even though revenues of US$32m beat expectations by 10%, statutory losses ballooned to US$0.21 per share, substantially worse than the analysts had expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. We've discovered 5 warning signs about Neuronetics. View them for free. Taking into account the latest results, the consensus forecast from Neuronetics' four analysts is for revenues of US$150.3m in 2025. This reflects a major 68% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 52% to US$0.35. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$148.6m and losses of US$0.32 per share in 2025. So it's pretty clear the analysts have mixed opinions on Neuronetics even after this update; although they reconfirmed their revenue numbers, it came at the cost of a notable increase in per-share losses. Check out our latest analysis for Neuronetics Although the analysts are now forecasting higher losses, the average price target rose 105% to 3.33333, which could indicate that these losses are expected to be "one-off", or are not anticipated to have a longer-term impact on the business. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Neuronetics at US$8.00 per share, while the most bearish prices it at US$5.50. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Neuronetics' growth to accelerate, with the forecast 100% annualised growth to the end of 2025 ranking favourably alongside historical growth of 9.3% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 8.1% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Neuronetics is expected to grow much faster than its industry. The most important thing to take away is that the analysts increased their loss per share estimates for next year. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Neuronetics going out to 2027, and you can see them free on our platform here. Even so, be aware that Neuronetics is showing 5 warning signs in our investment analysis , and 3 of those make us uncomfortable... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
Why Neuronetics, Inc. (STIM) is Surging in 2025
We recently published a list of . In this article, we are going to take a look at where Neuronetics, Inc. (NASDAQ:STIM) stands against other healthcare stocks that are surging in 2025. After lagging behind the broader market in 2024, many healthcare stocks are making a comeback this year. Healthcare spending has been continuously soaring and is projected to do so in the coming years due to demographic tailwinds. The industry now accounts for a fifth of the U.S. economy, and it's a good idea to have exposure to it. Most executives now hold a favorable view of the industry's prospects, a notable increase from 52% just a year ago. Moreover, it's an industry that is more insulated from tariffs and macro risks. Of course, the top gainers here are not defensive healthcare stocks, but it's still worth looking into the winners here if you are chasing potential multibaggers. Even during bear markets, there are pockets of the market that perform exceptionally well. For example, I identified in another article. For this article, I screened the best-performing healthcare stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A lab technician gazing into a microscope, analyzing sample slides for medical technology research. Number of Hedge Fund Holders In Q4 2024: 5 Neuronetics, Inc. (NASDAQ:STIM) is a medical device company that manufactures and markets NeuroStar Advanced Therapy, a leading transcranial magnetic stimulation (TMS) system for treating major depressive disorder and other mental health conditions. The stock's strong performance in early 2025 was driven by several transformative developments. The most impactful was the completion of its acquisition of Greenbrook TMS in December 2024. This deal combined Neuronetics' technology with Greenbrook's network of over 95 clinics, creating a vertically integrated leader in mental health therapy delivery and unlocking over $22 million in annualized cost synergies. Neuronetics, Inc. (NASDAQ:STIM) also reported preliminary full-year 2024 revenue of $74.5 million, with pro forma revenue (including Greenbrook) at $129.8 million. The company issued 2025 guidance for 12% to 19% year-over-year revenue growth and projected cash flow breakeven by the third quarter of 2025. Another major catalyst was the FDA's clearance in March 2024 for NeuroStar as a first-line add-on treatment for adolescent depression, expanding the addressable market by 35% and supporting future growth. The consensus price target of $5.5 implies 22.77% upside. Neuronetics, Inc. (NASDAQ:STIM) stock is up 178.26% year-to-date. Overall, STIM ranks 5th on our list of healthcare stocks that are surging in 2025. While we acknowledge the potential of STIM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than STIM but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-03-2025
- Business
- Yahoo
Neuronetics Inc (STIM) Q4 2024 Earnings Call Highlights: Revenue Growth Amidst Rising Expenses ...
Total Revenue: $22.5 million, an increase of 11% over the fourth quarter of 2023. NeuroStar System Revenue: $3.8 million with 46 systems shipped. U.S. Treatment Session Revenue: $12.9 million, a decrease of 14% year-over-year. U.S. Clinic Revenue: $4.4 million, representing Greenbrook's revenues post-acquisition. Gross Margin: 66.2%, down from 77.6% in the prior year quarter. Operating Expenses: $25.8 million, an increase of 28% compared to the fourth quarter of 2023. Net Loss: $12.1 million or $0.33 per share, compared to a net loss of $5.4 million or $0.19 per share in the prior year quarter. EBITDA: Negative $10.5 million, including $10.6 million in non-recurring expenses. Cash and Cash Equivalents: $18.5 million as of December 31, 2024. Debt Facility: Secured up to $90 million, with $60 million accessed by year-end. Capital Raise: $18.9 million in net proceeds from a public offering. Guidance - Q1 2025 Revenue: Expected to be $28 million to $30 million. Guidance - Full-Year 2025 Revenue: Expected to be $145 million to $155 million. Guidance - Full-Year 2025 Gross Margin: Approximately 55%. Guidance - Full-Year 2025 Operating Expenses: Expected to be $90 million to $98 million. Warning! GuruFocus has detected 8 Warning Signs with STIM. Release Date: March 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Neuronetics Inc (NASDAQ:STIM) reported a total revenue of $22.5 million for Q4 2024, marking an 11% increase over the same period in 2023. The acquisition of Greenbrook TMS has transformed Neuronetics into a vertically integrated mental health care provider, enhancing its market position. The Better Me Provider (BMP) program has been a success, with participating sites treating three times more patients per quarter than non-participating sites. Neuronetics received FDA clearance for the NeuroStar system to treat adolescent patients, expanding its addressable market. The company has captured over 90% of the identified $22 million in annualized cost synergies from the Greenbrook acquisition, surpassing initial targets. Gross margin decreased to 66.2% from 77.6% in the prior year quarter, primarily due to the inclusion of the Greenbrook Clinic business. Operating expenses increased by 28% to $25.8 million, largely due to professional fees and the inclusion of Greenbrook's expenses. Net loss for the fourth quarter was $12.1 million, compared to a net loss of $5.4 million in the prior year quarter. EBITDA was negative $10.5 million, with non-recurring expenses associated with the Greenbrook acquisition impacting results. Cash and cash equivalents decreased significantly to $18.5 million as of December 31, 2024, from $59.7 million the previous year. Q: How long will it take to implement the BMP and standardize operations at Greenbrook sites, and what impact has been observed so far? A: Keith Sullivan, President and CEO, stated that training for RAMs and technicians has been conducted, with ongoing virtual education for providers. Changes will continue throughout the year, with improvements in efficiencies being identified and implemented. Q: Can you provide details on the revenue guidance of $145 million to $155 million and the expected operating expenses? A: Steve Furlong, CFO, explained that $65 million to $70 million is expected from standalone Neuronetics, with $80 million to $85 million from Greenbrook TMS. The programs need to continue working, but no heroic efforts are required. Operating expenses are expected to be between $90 million and $98 million, with significant cost synergies already realized. Q: What opportunities exist to improve the margin profile of Greenbrook, and what is the expected impact on consolidated margins? A: Steve Furlong noted that Greenbrook's clinic margins are expected to improve to mid-30s from 27%-28% due to the elimination of underperforming clinics. Consolidated margins are projected at 55%, with ongoing efforts to improve both NeuroStar and clinic margins. Q: How is the SPRAVATO rollout progressing, and what are the capital requirements for this initiative? A: Steve Furlong mentioned that SPRAVATO is offered in 63 clinics, with 35 capable of buy and bill. The capital outlay is minimal, with infrastructure already in place. Inventory commitments could reach $5 million, but distribution partners offer 120-day terms to manage cash flow. Q: What is the current productivity level at Greenbrook sites, and what improvements are expected? A: Steve Furlong stated that Greenbrook is averaging four patients per day per system, with expectations to increase to five or six patients per day through training and education. This could add approximately $10 million in annualized revenue. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
Neuronetics (NASDAQ:STIM) shareholders are up 34% this past week, but still in the red over the last five years
It is a pleasure to report that the Neuronetics, Inc. (NASDAQ:STIM) is up 181% in the last quarter. But that doesn't change the fact that the returns over the last five years have been less than pleasing. You would have done a lot better buying an index fund, since the stock has dropped 17% in that half decade. The recent uptick of 34% could be a positive sign of things to come, so let's take a look at historical fundamentals. View our latest analysis for Neuronetics Given that Neuronetics didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. When a company doesn't make profits, we'd generally hope to see good revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. Over five years, Neuronetics grew its revenue at 6.2% per year. That's a pretty good rate for a long time period. We doubt many shareholders are ok with the fact the share price has fallen 3% each year for half a decade. Those who bought back then clearly believed in stronger growth - and maybe even profits. There is always a big risk of losing money yourself when you buy shares in a company that loses money. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. You can see what analysts are predicting for Neuronetics in this interactive graph of future profit estimates. Neuronetics shareholders are down 14% for the year, but the market itself is up 26%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 3% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand Neuronetics better, we need to consider many other factors. Take risks, for example - Neuronetics has 4 warning signs (and 3 which don't sit too well with us) we think you should know about. Neuronetics is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
