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Tivic Health Systems (TIVC)
NASDAQ:TIVC
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
9.08Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 16, 2022
|% Change Since: -32.43%
|Next Earnings Date:Apr 19, 2022
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in operational efficiency and promising developments in the Vagus Nerve Stimulation program, albeit overshadowed by notable declines in revenue, sales, and cash position. The company's strategic focus on its VNS program and cost management efforts show potential for future growth, but current financial metrics indicate challenges.Company Guidance
During the Tivic Health Systems Q3 2024 earnings call, CEO Jennifer Ernst outlined the company's strategic focus on enhancing shareholder value through three main avenues. Firstly, the company aims to turn its ClearUP product line profitable, despite a 36% decrease in unit sales and a 27% revenue decline to $600,000 compared to the previous year. This was partially offset by a 13% increase in average sales price and improvements in gross margin, which reached 70% post-supply chain adjustments. Secondly, Tivic is advancing its noninvasive vagus nerve stimulation (VNS) program, having completed a Phase I trial and commenced a Phase I optimization study. The VNS market is projected to grow significantly, and Tivic has identified over 30 potential use cases for its VNS device. Finally, the company is focused on reducing operating expenses, achieving a 20% year-over-year reduction in net operating loss. Cash and cash equivalents stood at $2.2 million as of September 30, 2024, down from $3.4 million at the end of 2023, as the company navigates its strategic initiatives.ClearUP Product Line Improvements
Achieved over 70% gross margin on ClearUP sales post-restructuring, up from 40%-50% previously, and a significant improvement from a negative gross margin two years ago.
Cost Management Success
Operating expenses reduced to $1.5 million from $1.9 million last year, contributing to a 20% reduction in year-over-year net operating loss.
Vagus Nerve Stimulation Program Progress
Completed Phase I trial with industry-leading data, optimization study enrollment, and identified top use cases for the technology with the help of Fletcher State.
Financial Leadership Transition
Lisa Wolf joined as interim CFO, bringing over 30 years of financial leadership experience, including public and private finance.
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TIVC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TIVC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $0.37 | $0.29 | -21.62% |
| Aug 14, 2024 | $0.31 | $0.29 | -6.45% |
| May 15, 2024 | $0.50 | $0.48 | -4.00% |
| Mar 25, 2024 | $1.37 | $1.45 | +5.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tivic Health Systems (TIVC) report earnings?
Tivic Health Systems (TIVC) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Tivic Health Systems (TIVC) earnings time?
Tivic Health Systems (TIVC) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TIVC EPS forecast?
Currently, no data Available
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