Vapotherm, Inc. (NYSE: VAPO) (“Vapotherm” or the “Company”), today updated its fiscal year 2021 revenue expectations and announced it will expand its disposables production capacity. The expansion of disposables production capacity will include the addition of assembly lines in Mexico which will increase capacity by 75% without adding material fixed costs and prepare the Company for the possibility that COVID-19 becomes a permanent part of the respiratory landscape like flu and RSV. This expansion will diversify the Company’s manufacturing base and is an element of its gross margin improvement plan.
Vapotherm Increases Fiscal Year 2021 Revenue Outlook and Announces Expansion of Production Capacity
Sep 08, 2021
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