REFILE-Neuronetics Q4 revenue rises, appoints Dan Reuvers as CEO

Overview

• US medical technology firm's Q4 revenue grew 86% yr/yr, driven by Greenbrook clinic acquisition

• Gross margin for Q4 fell to 52% from 66% due to clinic business inclusion

• Company appointed Dan Reuvers as CEO, effective March 23, 2026

Outlook

• Neuronetics expects Q1 2026 revenue between $33 mln and $35 mln

• Company sees full-year 2026 revenue of $160 mln to $166 mln

• Neuronetics expects 2026 gross margin of 47% to 49% and operating expenses of $100 mln to $105 mln

Result Drivers

• GREENBROOK ACQUISITION - Q4 revenue growth was primarily driven by the addition of Greenbrook clinic revenue following the December 2024 acquisition

• SYSTEM SALES - U.S. NeuroStar Advanced Therapy System revenue rose 15% in Q4, with 49 systems shipped

• GROSS MARGIN PRESSURE - Gross margin declined to 52% from 66.2%, mainly due to the inclusion of Greenbrook’s clinic business

Company press release: ID:nGNX6lF96z

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"

• Wall Street's median 12-month price target for Neuronetics Inc is $7.00, about 414.7% above its March 16 closing price of $1.36

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