Emily Christy's questions to Clearpoint Neuro Inc (CLPT) leadership • Q3 2024
Question
Emily Christy of Piper Sandler inquired about the key tailwinds and headwinds for ClearPoint Neuro heading into 2025, any potential inflection points like GLP readiness, and whether the recent accelerated pace of new system placements is the new sustainable norm.
Answer
Joseph Burnett, CEO, responded that he sees significant tailwinds and no major headwinds. He highlighted growth drivers including Medtronic's new FDA labeling for 'sleep DBS' procedures, which could increase patient adoption by addressing fears of being awake during surgery. He also pointed to growing demand for laser therapy and the revenue potential from partners' advancing clinical trials. Burnett confirmed that the recent headwind from the Russell 2000 index rebalancing should become a tailwind in 2025. Regarding system placements, he stated that a double-digit annual placement rate is the 'new normal,' a significant increase from the historical 6-8 per year.