The Eden Prairie, Minn.-based company posted losses of $4.2 million, or 93¢ per share, on sales of $1.1 million for the three months ended June 30, for bottom-line growth of 70.1% on sales growth of 27.2% when compared with the same period last year.
Losses per share were ahead of the $1.26 expectation on The Street, where analysts were looking for sales of $1.3 million, which the company missed.
“We have continued to incrementally execute on our expansion strategy, including continued upward trends in our revenue. We continue to be optimistic about our future growth and look forward to reporting further developments,” chair & CEO John Erb said in a press release.
Shares in CHF Solutions have fallen approximately 14.7% so far today, at $1.39 as of 3:23 p.m. EDT.
In July, CHF Solutions said it entered the German market after expanding its relationship with German business solutions resource HSC-Medical.