{"id":4480,"date":"2018-06-22T10:46:16","date_gmt":"2018-06-22T14:46:16","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4480"},"modified":"2018-06-22T10:50:30","modified_gmt":"2018-06-22T14:50:30","slug":"neuronetics-inc-ipo-preview-stim","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/neuronetics-inc-ipo-preview-stim\/","title":{"rendered":"Neuronetics, Inc. #IPO Preview ($STIM)"},"content":{"rendered":"

\"STIM\"<\/a><\/p>\n

Company: Neuronetics, Inc.
\nSymbol: STIM
\nDescription: They are a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorder
\nTrade Date: 6\/28
\nShares: 5 million
\nPrice Range: $14.00-$16.00
\nUnderwriter(s): Piper Jaffray, William Blair
\nCo-Manager(s): Canaccord Genuity, BTIG, JMP Securities
\nTerms Added: 6-15-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:\u00a0Their first commercial product, the NeuroStar Advanced Therapy System, is a\u00a0non-invasive\u00a0and\u00a0non-systemic\u00a0office-based treatment that uses transcranial magnetic stimulation, or TMS, to create a pulsed,\u00a0MRI-strength\u00a0magnetic field that induces electrical currents designed to stimulate specific areas of the brain associated with mood. The system is cleared by the United States Food and Drug Administration, or FDA, to treat adult patients with major depressive disorder, or MDD, that have failed to achieve satisfactory improvement from prior antidepressant medication in the current episode.<\/p>\n

Financials<\/strong>: \u00a0For the year ended December\u00a031, 2017, they generated revenues of $40.4\u00a0million, which represented an increase of 18% compared to the prior year. For the year ended December 31, 2017, U.S. revenues were $39.9 million, which represented an increase of 26% compared to the prior year. Revenues from treatment sessions represented 71% of their U.S. revenues for the year ended December 31, 2017 compared to 78% of their U.S. revenues for the prior year. For the three months ended March 31, 2018, they generated revenues of $10.2 million, which represented an increase of 35% compared to the same period in the prior year. For the three months ended March 31, 2018, their U.S. revenues were $10.0 million, which represented an increase of 35% compared to the same period in the prior year. They experienced net losses of $11.2 million and $16.1 million in 2016 and 2017, respectively and $4.5 million and $5.5 million in the first quarter of 2017 and 2018, respectively.\u00a0 Revenues from treatment sessions represented 72% of their U.S. revenues for the three months ended March 31, 2018, compared to 78% of their U.S. revenues for the same period in the prior year.<\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Neuronetics, Inc. Symbol: STIM Description: They are a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorder Trade Date: 6\/28 Shares: 5 million Price Range: $14.00-$16.00 Underwriter(s): Piper Jaffray, William Blair Co-Manager(s): Canaccord Genuity, BTIG, JMP Securities Terms[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[1],"tags":[],"class_list":["post-4480","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4480"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4480\/revisions"}],"predecessor-version":[{"id":4484,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4480\/revisions\/4484"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}