SANTA CLARA, Calif. (AP) _ Shockwave Medical Inc. (SWAV) on Thursday reported a loss of $14.7 million in its fourth quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 49 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The medical device compnay posted revenue of $14.3 million in the period.
For the year, the company reported a loss of $51.1 million, or $2.14 per share. Revenue was reported as $42.9 million.
Shockwave Medical expects full-year revenue in the range of $74 million to $77 million.
Shockwave Medical shares have risen slightly more than 8% since the beginning of the year.