Strong Revenue Growth
Total revenue for the first quarter of 2025 was $69.2 million, representing growth of 55% compared to the first quarter of 2024.
US System and International Revenue Performance
US revenue for the first quarter was $60.3 million, representing a 50% growth, and international revenue was $8.9 million, showing a 104% increase compared to the prior year.
Significant Increase in Handpiece Sales
11,235 handpieces were sold in the US, representing a 65% year-over-year unit growth.
Favorable Clinical Outcomes
The WATER III trial showed aquablation therapy had a 0% transfusion rate and lower rates of ejaculatory dysfunction and incontinence compared to laser enucleation.
Positive Changes in Medicare Coverage
First Coast and Novitas, two large Medicare contractors, updated LCDs to streamline access to aquablation therapy for a broader patient population.
Growing Installed Base and Strategic Partnerships
The US installed base grew to 547 systems, with 43 systems sold in Q1, and 45% of the sales associated with IDN bulk buys.