The medical device maker posted a 39% year-over-year revenue increase for Q2, driven by higher U.S. sales.
Picard Medical reported Q2 revenue of $3.0 million, up 39% from $2.1 million in the same period last year. The gain was attributed to a $0.8 million increase in U.S. sales.
Gross profit for the quarter reached $0.6 million, though prior-year comparisons were not disclosed. The company did not provide consensus estimates or additional financial details in the release.
No immediate market reaction was mentioned in the report.