Silk Road Medical: 4Q Earnings Snapshot | Business

Silk Road Medical: 4Q Earnings Snapshot | Business


SUNNYVALE, Calif. (AP) — Silk Road Medical Inc. (SILK) on Monday reported a loss of $16.8 million in its fourth quarter.

The Sunnyvale, California-based company said it had a loss of 49 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The medical device maker posted revenue of $21.1 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $21.2 million.

For the year, the company reported that its loss narrowed to $47.4 million, or $1.44 per share. Revenue was reported as $75.2 million.

Silk Road Medical expects full-year revenue in the range of $102 million to $108 million.

Silk Road Medical shares have fallen 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $55.30, an increase of 34% in the last 12 months.

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