NeuroMetrix, a Waltham, Mass.-based wearable technology company, reported its preliminary financial highlights for the fourth quarter of 2015.
Here are five observations:
1. NeuroMetrix's revenue is expected to be up in the fourth quarter from $2.1 million in the third quarter.
2. The company shipped 6,675 Quell devices in the fourth quarter, up from 4,514 Quell devices in the third quarter.
3. NeuroMetrix estimates its 2015 full year revenue will reach $7.3 million, compared to $5.5 million in 2014.
4. The company believes it shipped about 13,800 Quell devices in 2015.
5. By the end of 2015, the company had $12.4 million in cash and cash equivalents.