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NASDAQ:OBIO

Orchestra BioMed Q2 2024 Earnings Report

Orchestra BioMed logo
$3.00 +0.08 (+2.71%)
As of 03:25 PM Eastern
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Orchestra BioMed EPS Results

Actual EPS
-$0.45
Consensus EPS
-$0.41
Beat/Miss
Missed by -$0.04
One Year Ago EPS
N/A

Orchestra BioMed Revenue Results

Actual Revenue
$0.78 million
Expected Revenue
$1.04 million
Beat/Miss
Missed by -$260.00 thousand
YoY Revenue Growth
N/A

Orchestra BioMed Announcement Details

Quarter
Q2 2024
Time
After Market Closes
Conference Call Date
Monday, August 12, 2024
Conference Call Time
3:00PM ET

Earnings Documents

Orchestra BioMed Earnings Headlines

A new rule goes live in July — and the banks are quietly cashing in
A little-known regulation quietly goes into effect this July. And it's already being exploited by Wall Street and the Big Banks… It gives them the green light to treat a certain tangible asset as equivalent to cold, hard cash. Not stocks. Not real estate. And definitely not the U.S. dollar. We're talking about something they don't want you to notice — because the fewer people who act on this, the better it is for them.
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About Orchestra BioMed

Orchestra BioMed (NASDAQ:OBIO), Inc. is a publicly traded development-stage medical technology company that focuses on the commercialization of cardiovascular and electrophysiology products alongside a growing biotherapeutics pipeline. With its common shares listed on the NASDAQ Stock Market under the symbol OBIO, the company leverages a combination of internally developed technologies and strategic licensing agreements to deliver solutions aimed at reducing procedural complications and improving patient outcomes in interventional cardiology and cardiac electrophysiology.

The company’s cardiovascular intervention portfolio is anchored by the MGuard® family of devices, which incorporates a proprietary MicroNet® mesh layer designed to capture embolic debris during balloon angioplasty and stent deployment. These devices are approved for use in multiple international markets and are supported by clinical data demonstrating reductions in peri-procedural myocardial infarction and no-reflow phenomena. In parallel, Orchestra BioMed is advancing ProtectIR™, an esophageal cooling system for use during atrial fibrillation ablation procedures, with the aim of reducing thermal injury to the esophagus—a key safety concern in complex electrophysiology treatments.

Founded through a series of mergers and asset acquisitions in the mid-1990s, Orchestra BioMed has steadily expanded its offerings across geographies, establishing distribution and regulatory pathways in Europe, Asia, Latin America and parts of the Middle East. The company operates research and development facilities in the United States and Israel, leveraging cross-disciplinary expertise in materials science, engineering and translational medicine. This global footprint enables Orchestra BioMed to conduct multi-center clinical studies and to support regulatory submissions in major markets worldwide.

Leadership at Orchestra BioMed comprises executives with extensive experience in medical device commercialization, strategic licensing and life-science investment. Headquartered in Cleveland, Ohio, the management team is supported by a board of directors and scientific advisory groups that guide the company’s clinical development strategies and market expansion plans. Building on its heritage of innovation, Orchestra BioMed continues to pursue new indications for its existing platforms while evaluating complementary biotherapeutic candidates to address unmet needs in cardiovascular and inflammatory disease.

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