Vapotherm Reports Preliminary Fourth Quarter and Full Year 2021 Revenue Results
Preliminary net revenue for the fourth quarter of 2021 is expected to be approximately
Preliminary net revenue for the full year 2021 is expected to be approximately
“I am proud of our Team’s ability to meet our Customers’ needs during 2021 despite multiple COVID-19 surges, global supply chain disruptions and challenging labor markets, said
The Company plans to release its fourth quarter and full year 2021 financial results in late
Preliminary 2022 Revenue Outlook
The Company believes COVID-19 and its mutations have become a chronic, recurring problem resulting in a significant number of COVID-19 related hospitalizations each year, which is likely to significantly expand the Company’s total addressable market. For 2022, the Company expects net revenue of between
The impact of COVID-19 on hospitalizations worldwide continues to be very dynamic. Should the Company’s expectations regarding COVID-19 hospitalizations not materialize as planned, the Company’s future financial results could be materially different than expected.
About Vapotherm (VAPO)
Vapotherm, Inc. (VAPO) is a publicly traded developer and manufacturer of advanced respiratory technology based in
Vapotherm (VAPO) high velocity therapy is mask-free non-invasive ventilatory support and is a front-line tool for relieving respiratory distress—including hypercapnia, hypoxemia, and dyspnea. It allows for the fast, safe treatment of undifferentiated respiratory distress with one tool. The Precision Flow system’s mask-free interface delivers optimally conditioned breathing gases, making it comfortable for patients and reducing the risks and care complexities associated with mask therapies. While being treated, patients can talk, eat, drink and take oral medication.
Website Information
Vapotherm (VAPO) routinely posts important information for investors on the Investor Relations section of its website, http://investors.vapotherm.com/. Vapotherm (VAPO) intends to use this website as a means of disclosing material, non-public information and for complying with Vapotherm’s disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of Vapotherm’s website, in addition to following Vapotherm’s press releases, Securities and Exchange Commission (“SEC”) filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, Vapotherm’s website is not incorporated by reference into, and is not a part of, this document.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, including statements about the Company’s expected net revenue for the fourth quarter and full year 2021, the future benefits of the Company’s expanded footprint, and the effect of COVID-19 and its mutations on future hospitalization levels, the Company’s total addressable market and future financial results. In some cases, you can identify forward-looking statements by terms such as ‘‘expect,’’ “believe,” “continue,” “plan,” “estimate,” “future,” “outlook,” “will,” “should,” “could,” “would,” the negative of these terms, other similar expressions, and the use of future dates. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statement. Applicable risks and uncertainties include, but are not limited to the following: risk that Vapotherm’s final net revenue results will deviate from the preliminary, unaudited net revenue results in this release; failure to achieve other financial guidance for 2021 and preliminary full year 2022 revenue outlook; Vapotherm (VAPO) has incurred losses in the past and may be unable to achieve or sustain profitability in the future; Vapotherm (VAPO) may need to raise additional capital to fund its existing commercial operations, develop and commercialize new products, and expand its operations; Vapotherm’s dependence on sales generated from its Precision Flow systems, competition from multi-national corporations who have significantly greater resources than Vapotherm (VAPO) and are more established in the respiratory market; the ability for Precision Flow systems to gain increased market acceptance; Vapotherm’s inexperience directly marketing and selling its products; the potential loss of one or more suppliers and dependence on its new third party manufacturer; Vapotherm’s susceptibility to seasonal fluctuations; Vapotherm’s failure to comply with applicable
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Source: Vapotherm, Inc. (VAPO)