VAPOTHERM REPORTS BIG JUMP IN THIRD-QUARTER REVENUE

The latest Covid surge has resulted in another surge of revenue for Vapotherm, the Exeter firm that sells breathing apparatuses for healthcare providers.

But because of the sheer expense of fulfilling the orders, increased executive compensation and the cost of moving some production to Mexico, the company has suffered millions of dollars in losses.

The company, however, says it is confident that it will continue to grow in the future.

Vapotherm reported that third-quarter revenue increased by nearly 25 percent to $38.1 million, and if you go back another year, the compound growth was 88 percent. Nevertheless, Vapotherm reported a net loss of $13.6 million, 52 cents a share. The main reason was a more than $4 million increase in the cost of generating that revenue and another $5 million increase in expenses, nearly all of it for sales and marketing.

Also tucked in to those expenses was $7.2 million in executive compensation year to date, up from $4.6 million the previous year.

The company expects full-year revenue will reach $106 million, which would more than double the company’s pre-pandemic revenue in 2019.

The revenue boost is a result of the acceptance of Vapotherm high-velocity therapy technology, which was approved as a first-line treatment for those suffering from low oxygen levels. As of Sept. 30, the company has sold the machines to 2,000 hospitals across the U.S. so far this year. This has meant the company had to invest heavily in production, sales and marketing, and educating some 33,000 caregivers how to use the product.

DREW BARRYMORE PITCHES FOR YOGIBO

Nashuabased Yogibo, a manufacturer and retailer of lounge furniture, lifestyle accessories and gifts, is kicking off a yearlong partnership with actress and talk-show host Drew Barrymore with the debut of a brand campaign designed to showcase the company’s lineup of beanbags that conform to your body.

Yogibo says its classic beanbag chair offers a range of sensory and health benefits thanks to its signature fabric and zero pressure points. The firm recently introduced the Jogoball, an interactive gaming console built for family play.

“The heart of Yogibo is about helping all people feel good and in tune with themselves, and we can’t imagine a better person to help spread that mission than Drew Barrymore,” said Eyal Levy, CEO. “Drew Barrymore delivers a daily dose of positivity and energy to everyone she speaks to, and her instant connection to our products created a natural partnership.”

CONSOLIDATED LAUNCHES FIDIUM BRAND IN NH

Consolidated Communications has officially rolled out its new Fidium Fiber gigabit broadband service in New Hampshire and elsewhere in New England.

For much of the past year, the company has been installing the fiber-optic cable to carry the service in some 80 New Hampshire communities as well as parts of Maine and Vermont.

Consolidated has been rolling out the service throughout its network, which is in 23 states. Eventually, it expects to offer the service to some 70 percent of its nearly 2 million customers by 2025, including 400,000 in New Hampshire.

Fidium is offered through straightforward plans and pricing, with symmetrical 1 gig fiber internet for $70 per month, including installation and equipment with no contract. Lower-tier fiber plans are available starting at $35 per month.

Consolidated says the service provides speeds 20 times faster than the national average.