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STIM Neuronetics

Neuronetics, Inc. commercial stage medical technology company. It focuses on designing, developing and marketing products for the patients suffering from psychiatric disorders. The firm offers NeuroStar TMS, a therapy system for the treatment of major depressive disorders in adult patients. It also provides a range of support services, including patient education, practice data management system, and customer and technical services to help the client start and manage TMS therapy systems. The company was founded by Steven B. Waite, Bruce J. Shook, Norman R. Weldon and Thomas D. Weldon in April 2003 and is headquartered in Malvern, PA.

Company profile

Ticker
STIM
Exchange
CEO
Keith J. Sullivan
Employees
Incorporated
Location
Fiscal year end
Former names
NEURONETICS INC
SEC CIK

STIM stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 May 21
21 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Neuronetics earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 121.28M 121.28M 121.28M 121.28M 121.28M 121.28M
Cash burn (monthly) (positive/no burn) (positive/no burn) 2.3M 1.57M 3.06M 1.99M
Cash used (since last report) n/a n/a 6.2M 4.23M 8.23M 5.37M
Cash remaining n/a n/a 115.07M 117.05M 113.04M 115.91M
Runway (months of cash) n/a n/a 50.0 74.5 37.0 58.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jun 21 Furlong Stephen Common Stock Sell Dispose S No Yes 15.0026 2,473 37.1K 257,012
1 Jun 21 Conley Sheryl L Common Stock Sell Dispose S No No 14.033 6,200 87K 39,672
28 May 21 Conley Sheryl L Common Stock Sell Dispose S No No 13.777 6,800 93.68K 45,872
27 May 21 Bakewell John K Common Stock Grant Aquire A No No 0 7,137 0 49,428
27 May 21 Conley Sheryl L Common Stock Grant Aquire A No No 0 7,137 0 52,672
27 May 21 Muir Glenn P Common Stock Grant Aquire A No No 0 7,137 0 89,373

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 85 64 +32.8%
Opened positions 31 18 +72.2%
Closed positions 10 9 +11.1%
Increased positions 26 12 +116.7%
Reduced positions 17 21 -19.0%
13F shares
Current Prev Q Change
Total value 277.7M 170.62M +62.8%
Total shares 22.65M 15.36M +47.5%
Total puts 0 0
Total calls 52.2K 18.6K +180.6%
Total put/call ratio
Largest owners
Shares Value Change
Polar Capital 1.25M $15.46M NEW
Archon Capital Management 1.21M $15M +13.9%
Kent Lake Capital 1.21M $14.93M -2.8%
First Light Asset Management 1.15M $14.22M NEW
Parian Global Management 1.13M $13.97M NEW
Royce & Associates 1.03M $12.7M +9.8%
Interwest Partners Viii 994.32K $11.05M 0.0%
Vanguard 987.81K $12.22M +21.1%
Deerfield Management 919K $11.37M 0.0%
Flynn James E 919K $10.21M 0.0%
Largest transactions
Shares Bought/sold Change
IVSXF Investor AB 0 -1.79M EXIT
Polar Capital 1.25M +1.25M NEW
First Light Asset Management 1.15M +1.15M NEW
Parian Global Management 1.13M +1.13M NEW
Next Century Growth Investors 792.71K +792.71K NEW
FMR 896.7K +616.84K +220.4%
Granite Point Capital Management 716.33K -530.46K -42.5%
Granahan Investment Management 555.06K +519.07K +1442.3%
WFC Wells Fargo & Co. 511.92K +502.63K +5407.5%
Redmile 500K +500K NEW

Financial report summary

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Competition
BrainswayBrainsway
Management Discussion
  • Total revenue for the three months ended March 31, 2021 was $12.3 million, an increase of 7% compared to the three months ended March 31, 2020 revenue of $11.5 million. During the quarter, total U.S. revenue increased by 6% and international revenue increased by 63% over the prior year quarter. The U.S. revenue growth was driven by an increase in U.S. treatment session revenue and the International revenue growth was driven by an increase in NeuroStar Advanced Therapy System sales.
  • U.S. NeuroStar Advanced Therapy System revenue for the three months ended March 31, 2021 was $1.8 million, a decrease of 32% compared to the three months ended March 31, 2020 revenue of $2.6 million. The decrease was primarily driven by a lower number of NeuroStar systems sold in the three months ended March 31, 2021, which was partially offset by an increase in the blended NeuroStar system average selling price quarter over quarter. For the three months ended March 31, 2021 and 2020, the Company sold 23 and 38 systems, respectively, during each period.
  • U.S. treatment session revenue for the three months ended March 31, 2021 was $9.6 million, an increase of 18% compared to the three months ended March 31, 2020 revenue of $8.2 million. The revenue growth was primarily driven by an increase in per click treatment session volume quarter over quarter.
Content analysis
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