What caused NURO's EPS to drop in Q3 2023?

NeuroMetrix's EPS dropped to -$1.66 in Q3 2023 due to a combination of declining sales and increased financial losses:

1. **Declining Sales**: The company experienced a substantial decline in sales, with revenues decreasing from $2.14 million in Q3 2022 to $1.65 million in Q3 2023, reflecting a 22.83% decline.
2. **Financial Losses**: NeuroMetrix not only saw a drop in sales but also faced significant financial losses. The company reported a net loss of $1.54 million for Q3 2023, compared to a net loss of $532 thousand in the same period the previous year. This indicates a worsening financial situation, which likely contributed to the negative EPS.
3. **Cash Flow Challenges**: The company's cash flow has been under pressure, with free cash flow and operating cash flow both negative, indicating liquidity challenges. This could have further impacted the company's financial health and contributed to the EPS drop.

In summary, the combination of declining sales, increased financial losses, and cash flow challenges likely led to the significant drop in NeuroMetrix's EPS in Q3 2023.