Neurometrix Q3 results

Tue Oct 30, 2007 9:03am EDT
 
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NEUROMETRIX INC (NURO.O): * Reports total revenues of $11.3
million for the third quarter of 2007, a decrease of 26 percent
from year ago; net loss of $3.6 million incurred in the third
quarter * Third quarter per share loss $0.28 * Third quarter
revenue fell 26 percent to $11.3 million * Reuters Estimates
third quarter per share view $-0.14, revenue view $11.78
million * Says business continues to be hurt by policies
implemented by medicare and commercial insurance carriers *
Neurometrix forecasts revenue will continue to decline *
Neurometrix forecasts continuing to incur net losses due in
part to reimbursement issues

 

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