05:17 PM EST, 01/23/2025 (MT Newswires) -- Semler Scientific ( SMLR ) late Thursday reported preliminary Q4 revenue of $12.1 million to $12.5 million.

No analyst estimates were available for comparison on FactSet.

Separately, the company said it plans a private placement of $75 million of convertible senior notes due 2030.

The company intends to grant the initial purchasers an option to acquire up to an additional $15 million of the notes.

Semler Scientific ( SMLR ) said it plans to use the proceeds for general corporate purposes, among other things.

The company's shares were down nearly 15% in after-hours activity.

Price: 52.00, Change: -9.15, Percent Change: -14.96