Strong Revenue Growth
NeuroPace generated total revenue of $22.5 million in Q1 2025, an increase of 24% compared to $18.1 million in Q1 2024, primarily driven by strong growth in the core RNS business.
Record RNS System Sales
RNS sales increased by 26%, or 29% when excluding the impact of NAUTILUS study implants in Q1 2024, driven by sustained strength in RNS adoption at Level 4 centers and Project CARE activities.
Improved Gross Margin
Gross margin for Q1 2025 was 77%, up from 73.6% in Q1 2024, benefiting from improved manufacturing efficiency and higher RNS sales volume.
Successful Equity Financing
Completed a $75 million follow-on equity financing, adding high-quality shareholders and strengthening the balance sheet.
Positive Clinical Results
Presented three-year effectiveness data from the Post-Approval study of the RNS System showing an 82% median reduction in seizures and 42% of participants experiencing more than six months of seizure freedom.