Strong Revenue Growth
Revenue reached $22.6 million, marking a 53% increase over the prior year period. Prescription volumes increased by 54% year-over-year, reflecting market share gains and activation of new accounts.
Gross Margin Milestone
Gross margin surpassed 50% for the first time in the company's history, reaching 50.6%, up 11 points from the previous year. This marks the eighth consecutive quarter of gross margin expansion.
Positive Clinical Study Results
The ACE PAS study, involving over 21,000 patients, met its primary endpoints, demonstrating the safety and effectiveness of the Assure system. It also highlighted an increase in WCD wear time and a reduction in false alarms.
Increased Revenue Guidance
Fiscal year 2026 revenue guidance was increased to $91 million, representing a 52% growth compared to fiscal year 2025.
Expanded Sales Force
The company expanded its sales organization to approximately 100 active sales territories, up from about 80 at the end of fiscal year 2025.
Improved Revenue Cycle Management
The in-network mix increased to the low eighties, improving revenue cycle metrics and supporting future margin expansion.