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Axonics, Inc. - AXNX STOCK NEWS

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.

Axonics, Inc. (NASDAQ: AXNX) is a pioneering medical technology company headquartered in the United States. The company specializes in the development and commercialization of innovative products designed to enhance the lives of adults experiencing bladder and bowel dysfunction. Axonics' primary offering includes the Sacral Neuromodulation (SNM) system, a fully implantable device aimed at treating conditions such as urinary urge incontinence, urinary urgency frequency (UUF), overactive bladder, fecal incontinence, and urinary retention.

Another key product is Bulkamid, a urethral bulking agent used to treat female stress urinary incontinence. These products are based on advanced neuromodulation technology licensed from the Alfred Mann Foundation, featuring a miniaturized, rechargeable, and fully-implantable IPG (implantable pulse generator).

Axonics' innovative SNM system has been specifically designed to improve the clinical experience for both healthcare providers and their patients. The company's technology facilitates better management of urinary and fecal dysfunction, providing significant relief and improved quality of life for patients.

Financially, Axonics generates the majority of its revenue from the United States, with additional income coming from various international markets. The company's recent achievements include significant advancements in their neuromodulation platform and ongoing projects aimed at enhancing their product offerings.

Overall, Axonics, Inc. has established itself as a significant player in the medical technology field, offering cutting-edge solutions to address prevalent and often debilitating conditions affecting millions globally.

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Axonics, Inc. (Nasdaq: AXNX) will be participating in two investor conferences in November. The company will present at the Wolfe Research Healthcare Conference on November 14 at 12:30 p.m. Eastern Time and at the Piper Sandler Healthcare Conference on November 29 at 10:30 a.m. Eastern Time. Interested parties can access a live webcast and replay of each presentation on the Axonics investor relations website.
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Axonics, Inc. reported quarterly revenue of $93.1 million, a 32% YoY increase. The company raised its fiscal year 2023 revenue guidance to $362 million, representing a 32% YoY growth. Net revenue in 3Q23 was $93.1 million, with gross margin at 74.2%. Adjusted EBITDA was $14.0 million, and net income was $3.9 million. Cash, cash equivalents, and short-term investments were $344.7 million as of September 30, 2023.
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Axonics, Inc. (Nasdaq: AXNX) to report Q3 2023 financial results on October 30. Conference call scheduled at 4:30 p.m. ET.
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Axonics, Inc. to participate in investor conferences in September
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Axonics, Inc. announces retirement of CFO and appointment of new CFO
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Axonics, Inc. (AXNX) reports a 35% year-over-year increase in quarterly revenue, reaching $92.9 million. The company's fiscal year 2023 revenue guidance has been raised to $358 million, representing a 31% growth. Axonics attributes its growth to higher utilization and share of wallet at existing customers, onboarding of new accounts, and operational efficiencies. The company's gross margin reached over 75% in the second quarter, resulting in an adjusted EBITDA of over $18 million. Net revenue for 2Q23 was $92.9 million, with a gross margin of 75.6%. Adjusted EBITDA for the same period was $18.4 million. The company made a $35 million milestone payment to Contura Holdings Limited related to Bulkamid achieving over $50 million of sales in the 12-month period ended March 31, 2023.
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Axonics, a global medical technology company, will participate in two upcoming investor conferences. The first is the BofA Securities Healthcare Conference on May 9 at 2:20 p.m. ET, followed by the RBC Capital Markets Healthcare Conference on May 16 at 4:05 p.m. ET. Interested investors can access live webcasts and replays on the Axonics investor relations website.

Axonics focuses on developing products for bladder and bowel dysfunction and has been recognized for rapid growth, ranking No. 2 in the 2023 Financial Times and No. 4 in the 2022 Deloitte Technology Fast 500.

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Axonics, Inc. (NASDAQ: AXNX), a medical technology company, has acquired a lead placement solution from Radian, LLC, enhancing its sacral neuromodulation (SNM) product line. The new technology promises to simplify the peripheral nerve evaluation (PNE) process, allowing for easier, faster, and more accurate lead placements without real-time imaging. This innovation is anticipated to reduce procedure times, bolster physician confidence, and increase adoption rates of SNM therapy. Axonics expects FDA clearance and commercialization by mid-2024. The acquisition is aligned with the company's goal of improving patient and physician experiences in treating bladder and bowel dysfunction.

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FAQ

What is the current stock price of Axonics (AXNX)?

The current stock price of Axonics (AXNX) is $70.98 as of November 15, 2024.

What is the market cap of Axonics (AXNX)?

The market cap of Axonics (AXNX) is approximately 3.6B.

What does Axonics, Inc. specialize in?

Axonics, Inc. specializes in developing and commercializing innovative products for treating bladder and bowel dysfunctions.

What are the main products of Axonics, Inc.?

The main products of Axonics include the Sacral Neuromodulation (SNM) system and the urethral bulking agent, Bulkamid.

What conditions does Axonics' SNM system treat?

Axonics' SNM system treats urinary urge incontinence, urinary urgency frequency (UUF), overactive bladder, fecal incontinence, and urinary retention.

How does the Axonics SNM system work?

The Axonics SNM system is a fully implantable device that uses neuromodulation to regulate nerve activity, improving bladder and bowel control.

Where does Axonics, Inc. generate most of its revenue?

Axonics generates the majority of its revenue from the United States, with additional income from international markets.

What is Bulkamid used for?

Bulkamid is a urethral bulking agent used to treat female stress urinary incontinence.

What makes Axonics' products unique?

Axonics' products are based on advanced neuromodulation technology, featuring a miniaturized, rechargeable, and fully-implantable IPG, designed to improve patient outcomes and experience.

Who did Axonics license their technology from?

Axonics licensed their neuromodulation technology from the Alfred Mann Foundation.

What recent advancements has Axonics made?

Axonics has made significant advancements in their neuromodulation platform and continues to work on enhancing their product offerings.

How does Axonics contribute to the medical technology field?

Axonics contributes by offering innovative and effective solutions for managing bladder and bowel dysfunctions, thereby improving patient quality of life.

Axonics, Inc.

Nasdaq:AXNX

AXNX Rankings

AXNX Stock Data

3.63B
50.43M
1.26%
87.22%
6.48%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States of America
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