Why did COCH's Q4 2024 EPS forecast drop?

The estimated EPS for COCH in Q4 2024 was -0.33, which is below the previous quarter's EPS of -0.32 and the consensus estimate of -0.26. The estimated revenue for Q4 2024 was $70,000, which is slightly above the previous quarter's revenue of $56,000 but below the consensus estimate of $100,000.

1. **Revenue Decline**: The revenue decline could be due to a reduction in the number of battery replacements due to supply chain issues. This indicates a specific operational challenge that the company is facing, which is impacting its revenue.
2. **Earnings Decline**: The earnings decline could be due to increased operating expenses, such as research and development expenses, which increased to $2,757,000 from $1,850,000. This suggests that the company is investing more in its future growth, which is temporarily impacting its profitability.

In conclusion, the drop in COCH's Q4 2024 EPS forecast can be attributed to a combination of revenue decline and increased operating expenses. These factors indicate that the company is facing specific operational challenges and strategic decisions that are impacting its financial performance in the short term.