Cybersecurity BreachSTIM's second quarter reflected a top-line miss, as disruption from the Change Healthcare cybersecurity breach continued to impact the company's capital and treatment session sales.
Earnings GuidanceThe stock traded off notably following the company's first-quarter earnings release, likely due to macro headwinds discussed on the call as well as soft 2Q24 revenue guidance that was fairly below Street expectations.
Revenue ImpactSTIM’s Q2/24 missed estimates with $16.5M of revenue, driven by low treatment session revenue as customers delayed refilling inventory.