Vapotherm reports Q4 EPS (78c), consensus (78c)

Reports Q4 revenue $18.7M, consensus $17.85M. Net loss for the fourth quarter of 2022 includes a non-cash impairment charge of $1.5M related to the long-lived assets record in connection with operating lease and leasehold improvements in New Hampshire. "2022 was a year of transition as we repositioned the business given the significant decrease in COVID-related hospitalizations as compared to 2020 and 2021. We executed on our path to profitability initiatives while still making investments in future growth drivers including the launch of our next generation platform, HVT 2.0. Recently, we completed a $23 million equity raise which has strengthened our balance sheet. We believe these initiatives will allow us to achieve our goals in 2023 and beyond. I’d like to thank our Team for all their hard work in executing on our Path to Profitability initiatives which we launched in early 2022 in response to a rapidly changing environment," said Joseph Army, President and CEO.