Neuronetics, Inc. Updates Financial Results for Q4 2024 and Full Year 2024
On March 27, 2025, Neuronetics, Inc. (NASDAQ: STIM) issued an update to its previously reported financial results for the fourth quarter and full year ending December 31, 2024. The update stems from certain non-cash revisions made to the Company’s financial statements following the acquisition of Greenbrook TMS Inc. in the fourth quarter of 2024.
Impact on Neuronetics’ Financial Statements
The revisions resulted in several changes to Neuronetics’ financial statements. One of the most significant changes was a decrease in net loss for the fourth quarter of 2024. The Initial Release reported a net loss of $13.5 million, while the updated financial statements now report a net loss of $12.8 million. This decrease was primarily due to a reduction in the fair value adjustment related to the acquisition of Greenbrook.
Additionally, the number of shares outstanding for the fourth quarter of 2024 was revised. The Initial Release reported 38.3 million shares outstanding, while the updated financial statements now report 38.4 million shares outstanding. This increase was due to the issuance of additional shares in connection with the acquisition of Greenbrook.
Impact on Individual Investors
For individual investors, the impact of these financial statement revisions may depend on their specific holdings and investment strategies. Those who purchased Neuronetics stock after the Initial Release but before the update may have paid a slightly higher price than necessary, given the lower net loss and higher shares outstanding reported in the update. Conversely, those who sold their Neuronetics stock before the update but held onto it after may have missed out on potential gains if they had sold based on the Initial Release’s financial statements.
Impact on the World
The financial statement revisions at Neuronetics may have broader implications for the world of business and finance. They underscore the importance of accurate financial reporting and the potential consequences of errors or omissions. In an increasingly interconnected global economy, the reliability of financial information is crucial for investors, regulators, and other stakeholders. Companies that fail to provide accurate and timely financial information can face reputational damage, regulatory scrutiny, and legal action.
Conclusion
In conclusion, Neuronetics, Inc.’s update to its fourth quarter and full year 2024 financial statements reflects the importance of accurate financial reporting and the potential consequences of errors or omissions. For individual investors, the impact of these revisions may depend on their specific holdings and investment strategies. For the world at large, they serve as a reminder of the critical role that reliable financial information plays in the global economy.
- Neuronetics, Inc. issues update to financial results for Q4 2024 and full year 2024
- Update reflects non-cash revisions related to acquisition of Greenbrook TMS Inc.
- Net loss for Q4 2024 decreases, shares outstanding increase
- Impact on individual investors may depend on holdings and investment strategies
- Reliable financial reporting crucial for global economy
