Avinger (AVGR) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

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Avinger (NASDAQ:AVGR) released its quarterly earnings data on Tuesday. The medical device company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.05), Bloomberg Earnings reports. The firm had revenue of $2.02 million for the quarter.

Shares of NASDAQ:AVGR remained flat at $$0.32 during mid-day trading on Thursday. 310,451 shares of the stock traded hands, compared to its average volume of 967,707. The company has a market cap of $3.50 million, a price-to-earnings ratio of 0.00 and a beta of 1.99. Avinger has a 12 month low of $0.27 and a 12 month high of $11.96.

Separately, Zacks Investment Research upgraded shares of Avinger from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th.

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Avinger Company Profile

Avinger, Inc, a commercial-stage medical device company, designs, manufactures, and sells image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe. It develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures.

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Earnings History for Avinger (NASDAQ:AVGR)

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