Welcome to our dedicated page for Axonics news (Ticker: $AXNX), a resource for investors and traders seeking the latest updates and insights on Axonics stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Axonics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Axonics's position in the market.
Axonics, Inc. (Nasdaq: AXNX) reported positive first quarter 2024 financial results with a 29% revenue growth year over year. The company saw increases in revenue for sacral neuromodulation and Bulkamid products, achieving a record gross margin of 75.8%. Operating expenses included acquisition-related costs related to the Boston Scientific merger, leading to a net loss of $19.1 million. Adjusted EBITDA improved to $3.0 million. Cash, cash equivalents, short-term investments, and restricted cash totaled $349 million as of March 31, 2024.