CVRx, Inc. (CVRX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the CVRx second quarter 2026 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Mike Valli, with ICR Healthcare. Thank you. You may begin. Good afternoon. Thank you for joining us today for CVRx's second quarter 2026 earnings conference call. Joining me on today's call are the company's President and Chief Executive Officer Kevin Hykes and Chief Financial Officer Jared Oasheim. The remarks today will contain forward-looking statements, including statements about financial guidance. These statements are based on plans and expectations as of today, which may change over time. In addition, Actual results could differ materially due to a number of risks and uncertainties, including those identified in the earnings release issued prior to this call and in the company's SEC filings. I would now like to turn the call over to CVRx's President and Chief Executive Officer, Kevin Hykes. Thanks, Mike. Good afternoon and thank you for joining our second quarter 2026 earnings call. We delivered total revenue of $15.7 million in the second quarter, Demonstrating growth of 16% over the same quarter last year, with a gross margin of 87%. Despite the positive quarter, we are seeing signs that the back half of the year will not be as strong as the first. As a result, we've lowered our revenue guidance for the year. My remarks today will cover three things. What is driving this change in outlook, what we're doing about it, and the longer-term positive trends ...