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Benzinga

Business

Henry Khederian

Here's Why Acutus Medical Shares Are Falling

Acutus Medical Nasdaq

Acutus Medical Inc (NASDAQ:AFIB) shares are trading lower by 20.8% at $1.53 after the company reported worse-than-expected fourth-quarter EPS results and issued first-quarter sales guidance below analyst estimates.

Acutus Medical reported quarterly losses of $1.00 per share which missed the analyst consensus estimate of a loss of 83 cents per share. Acutus Medical reported quarterly sales of $4.36 million which beat the analyst consensus estimate of $4.21 million by 3.6%. This is a 69% increase over sales of $2.57 million in the same period last year.

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