Revenue Growth
The company reported a 9% year-over-year revenue growth for the first quarter, with total revenue reaching $7.5 million, up from $6.9 million in the prior year.
Map-iT Portfolio Success
The Map-iT family of EP catheters achieved sales over $1 million in the first quarter, with U.S. sales growing 30% sequentially from the fourth quarter.
MAGiC Catheter European Approval
The MAGiC ablation catheter received European approval, with initial adoption at approximately 20% of hospital customers.
GenesisX Launch
The company announced its first GenesisX purchase order and showcased the system at major electrophysiology conferences, receiving positive feedback.
Regulatory Progress
Significant progress on multiple fronts, including ongoing regulatory reviews of key technologies such as MAGiC in the U.S., GenesisX in the U.S., and MAGiC Sweep.
Revenue Guidance
The company reiterated its revenue guidance, expecting double-digit growth for the full year 2025 and recurring revenue reaching $7 million in the fourth quarter.