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Avinger Inc: Business Overview, Financials & Competitive Analysis

Avinger is a commercial-stage medical device company that designs, manufactures and sells image-guided, catheter-based systems for the treatment of patients with peripheral artery disease (PAD). The company's propriet...

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AskCyborg analysts argue the bull and bear cases for Avinger Inc across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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1/ 10Challenged

Cyborg Score thesis

Avinger's business model and technology platform have been extinguished through creditor restructuring; discontinued operations...

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Industry Medical Devices - Vascular Intervention/Cardiology
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 28, 2026
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Avinger Inc Overview

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Avinger is a commercial-stage medical device company that designs, manufactures and sells image-guided, catheter-based systems for the treatment of patients with peripheral artery disease (PAD). The company's proprietary Lumivascular platform integrates optical coherence tomography with interventional catheters to provide real-time intravascular imaging guidance during minimally invasive procedures.

Strategic Profile

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Avinger focused on high-margin image-guided atherectomy and chronic total occlusion (CTO) crossing devices serving interventional cardiologists and endovascular specialists. However, the company faced severe financial distress.

Competitive Landscape

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Avinger competed against larger, better-capitalized vascular intervention companies including Angiodynamics, Atricure, Penumbra, Cook Biotech, and Terumo Medical. These competitors had significantly greater resources, established market presence, and diversified product portfolios, making it difficult for the micro-cap Avinger to achieve category penetration against better-funded rivals.

Industry Context

Avinger Inc operates in Medical Devices - Vascular Intervention/Cardiology.

Key facts

Founded: 2007 · Headquarters: Redwood City, US · Employees: 72 · Revenue: $7.26M · Market cap: Liquidated (Feb 2025)

What the analysts stress-tested

The top findings that survived the multi-agent debate for Avinger Inc.

  • (February 2025) Avinger executed an assignment for the benefit of creditors, triggering a liquidation process to pay off creditors
  • Trailing twelve month revenue was $7.26M, reflecting a micro-cap company with minimal commercial scale
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2025Entered assignment for benefit of creditors and received NASDAQ delisting notice
  • November 2024Released Q3 2024 earnings showing continued operational challenges
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

PenumbraVascular intervention and neurovascular devices→AngiodynamicsVascular intervention and interventional oncology devices→Cook BiotechCatheter-based medical devices and biologics→TerumoVascular intervention and cardiovascular devices→

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Industry context

Avinger Inc operates in Medical Devices - Vascular Intervention/Cardiology. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Avinger Inc do?+
Avinger is a commercial-stage medical device company that designs, manufactures and sells image-guided, catheter-based systems for the treatment of patients with peripheral artery disease (PAD). The company's propriet...
What is Avinger Inc's Cyborg Score?+
Avinger Inc has a Cyborg Score of 1/10 (Challenged). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Avinger Inc's main competitors?+
Named competitors include Penumbra, Angiodynamics, Cook Biotech, Terumo. The full competitive landscape is in the AskCyborg report.
How can I get the full Avinger Inc research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Avinger Inc research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Medical Devices - Vascular Intervention research

Companies in the same sector and named competitors, ranked by Cyborg Score.

8Penumbra, Inc.7AngioDynamics, Inc.7Terumo Corporation