Stock Alert: Vapotherm Shares Up 11% In After-Hours Session

(RTTNews) - Shares of Vapotherm Inc. (VAPO) rose $2.55 or 11.43% to $24.85 in the after-hours trading session, following the company's Q1 results, and upbeat Q2 preliminary revenue target.

The stock has been trading in the range of $6.86 - $24.63 for the past one year, and closed Tuesday's trade at $22.30, up $1.40 or 6.70%. Trading volume increased to 568K versus an average volume of 507K shares.

Net loss for the first quarter of 2020 was $13.8 million, or $0.66 per share, compared to $13.0 million, or $0.76 per share, in the first quarter of 2019.

Net revenue increased 55.4% to $19.1 million from $12.3 million generated a year ago.

Analysts polled by Thomson Reuters expected a loss of $0.56 per share on revenue of $18.9 million for the quarter. Analysts' estimate typically exclude certain special items.

Preliminary unaudited revenue for the second-quarter is estimated to be between $19.0 million and $19.3 million. Four Wall Street analysts have a consensus revenue estimate of $18.32 million for the quarter.

Joe Army, President and CEO of Vapotherm, said, "The second quarter is off to a very strong start as we continue to see increased demand from our new and existing customers treating the respiratory distress experienced by many COVID-19 patients, allowing us to significantly increase our worldwide installed base..."