Competitive PressureA large part of the issue is the de-rating of some other fast growing MedTech SMIDs, but it's also fair to say there's a bit more competition than expected leading to slightly lower visibility.
Growth Deceleration4Q24 LAL units resulted in estimated year-over-year utilization growth of just +9%, a meaningful deceleration from the prior five quarters’ growth ranging from +17%-22%.
Revenue Growth Concerns4Q24 results were soft on both sides of RXST’s business, as total revenue of $40.2MM essentially matched consensus but showed the lowest level of growth since early-2021.