SOURCE: Streetwise Reports

Streetwise Reports

October 26, 2017 08:45 ET

Streetwise Reports Examines Biotech Company that Receives Device Approval in Five More Countries and Revenue Increases 122% YOY

SAN FRANCISCO, CA--(Marketwired - October 26, 2017) - Maxim Group reported on this firm's Q3/17 earnings, as well as its progress in obtaining international regulatory clearances for its medical system.

Included in this article is: Viveve Medical Inc. (NASDAQ: VIVE)

According to an Oct. 18 research note by Maxim analyst Anthony Vendetti, Viveve Medical Inc.'s preliminary Q3/17 revenue of about $4.1 million was "up roughly 122% year over year, relatively in line with our estimate of $4.2M and above consensus of $3.7M."

Based on the quarter's results, Vendetti concluded, "We would continue to be buyers of Viveve after announcing preliminary Q3/17 revenue above the consensus estimate."

The analyst noted this women's health and wellness company "continues to build its installed base and make progress with additional international regulatory clearances."

For instance, in Q3/17, the company shipped 60 Geneveve systems, taking the number of installed machines to 365, and sold approximately 2,700 related consumables.

Additionally, Viveve "announced new regulatory clearances for the product in five additional countries," Vendetti said. Those are Bahrain, Kuwait, Qatar and Mexico for the treatment of vaginal laxity, and Taiwan for electrocoagulation to achieve hemostasis during surgery.

Continue reading this article: Biotech Receives Device Approval in Five More Countries; Revenue Up 122% YOY

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The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Viveve Medical. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.

Please see the end of the article for the complete disclosures: Biotech Receives Device Approval in Five More Countries; Revenue Up 122% YOY

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