Invuity, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $9,505,000 against $9,023,000 a year ago, driven primarily by strong market acceptance of PhotonBlade. Loss from operations was $10,412,000 against $10,357,000 a year ago. Net loss and comprehensive loss was $11,197,000 against $13,217,000 a year ago. Net loss per common share, basic and diluted was $0.62 against $0.78 a year ago.

For 2018 the company continues to expect revenue to exceed $46 million and disposable revenue to grow in excess of 25%. The company still expects the gross margins will be in the mid-60s.