SANTA CLARA, Calif. (AP) — Shockwave Medical Inc. (SWAV) on Monday reported a loss of $23.6 million in its first quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 68 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The medical device compnay posted revenue of $31.9 million in the period.
Shockwave Medical shares have climbed 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $134.80, more than tripling in the last 12 months.
