Revenue Growth and Greenbrook Acquisition
Total revenue for Q4 2024 was $22.5 million, an increase of 11% over Q4 2023. The acquisition of Greenbrook TMS transformed Neuronetics into a vertically integrated mental health care provider.
Better Me Provider Program Success
The BMP program expanded to over 350 sites, increasing patient volume by 36%. Practices in the BMP program are treating 3 times more patients per quarter than non-BMP practices.
FDA Clearance for Adolescent Treatment
NeuroStar received FDA clearance as the first and only TMS treatment approved as a first-line therapy for depression in adolescents aged 15 to 21, expanding the total addressable market.
Cost Synergies and Financial Flexibility
Captured over 90% of the identified $22 million in annualized cost synergies from the Greenbrook acquisition, strengthening the balance sheet and providing flexibility for growth.