Neuraxis Inc Stock Price, News & Analysis

NeurAxis (NYSE: NRXS) has successfully closed a registered direct offering of 1,538,461 shares of common stock at $3.25 per share, raising approximately $5.0 million in gross proceeds. The company also secured over $1 million from warrant exercises in the same week. This financing follows the recent FDA clearance expanding indications for IB-Stim treatment of Pediatric Functional Abdominal Pain (FAP). The company plans to implement a CPT Category I code effective January 1, 2026. Craig-Hallum Capital Group served as the exclusive placement agent for the offering, which was conducted under a shelf registration statement previously filed with the SEC.

NeurAxis (NYSE: NRXS), a medical technology company focused on neuromodulation therapies, has announced a $5.0 million registered direct offering of 1,538,461 common stock shares priced at $3.25 per share. The offering, expected to close around May 22, 2025, is being conducted through Craig-Hallum Capital Group as the exclusive placement agent.

The company plans to use the net proceeds for working capital and general corporate purposes. The offering is made under a shelf registration statement filed with the SEC in December 2024 and declared effective in February 2025.

NeurAxis (NYSE: NRXS) has achieved a significant milestone with FDA 510(k) clearance for IB-Stim™ to treat Pediatric Functional Abdominal Pain (FAP) associated with Functional Dyspepsia and related nausea symptoms in patients aged 8-21 years. This marks the first-ever FDA clearance for functional dyspepsia treatment and represents the company's second expanded FDA indication. The new approval is expected to nearly double the company's total addressable market. IB-Stim, utilizing PENFS technology, is a non-surgical device that delivers gentle electrical impulses to cranial nerve bundles in the ear. The commercial rollout will leverage existing CPT codes, insurance coverage, and provider infrastructure, enabling a capital-efficient market strategy. Notably, a new CPT Category I code for IB-Stim will take effect in January 2026, further strengthening its market position.

NeurAxis (NYSE: NRXS) reported strong Q1 2025 financial results with revenues increasing 39% year-over-year to $896,000. The company achieved significant operational milestones, including expanding covered lives to 51 million from 4 million in December 2023. Key developments include receiving a new CPT Category I code for PENFS procedures (effective January 2026), FDA clearance for expanded IB-Stim label (ages 8-21), and 510(k) clearance for their rectal expulsion device (RED). The company's operating loss improved by 9% YoY (excluding one-time legal settlement), though gross margin declined to 84.4% from 88.4%. With $2.0 million cash on hand and no long-term debt, NeurAxis is treating 300 patients quarterly through PO/PAP programs, representing just 0.2% of their 600,000 potential patient market.

NeurAxis (NYSE American: NRXS), a medical technology company focused on neuromodulation therapies for chronic conditions in children and adults, has scheduled its first quarter 2025 financial results announcement for Monday, May 12, 2025. The company will release its financial results for the period ended March 31, 2025, before the market opens.

A conference call to discuss the results will be held the same day at 9:00 AM ET. Interested parties can access the call through a live webcast on the company's investor relations website or via dial-in registration. A replay will be available on the company's website following the call.

NeurAxis (NYSE American: NRXS), a medical technology company focused on neuromodulation therapies for chronic and debilitating conditions in children and adults, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025.

CEO Brian Carico will deliver a presentation on Wednesday, April 23, 2025, at 11:00 AM EST and conduct 1x1 investor meetings on Thursday, April 24, 2025. The in-person meetings will take place at the Paris Hotel & Casino in Las Vegas. The presentation will be available via webcast, and investors interested in scheduling meetings must register through the conference platform.

NeurAxis (NYSE: NRXS) reported strong Q4 2024 financial results with revenues increasing 43% to $761,000 compared to Q4 2023. The company's operating loss improved by 10% year-over-year.

Key operational highlights include expanding covered lives to 51 million from 4 million in 2023, receiving a new CPT Category I code for PENFS procedures effective January 2026, and FDA clearance for expanded IB-Stim label (ages 8-21) and the rectal expulsion device (RED).

Financial metrics for FY2024 show:

• Annual revenue of $2.7 million, up 9% from 2023
• Gross margin of 86.5%
• Operating loss of $7.2 million
• Cash balance of $3.7 million as of December 31, 2024

The company treated over 1,000 pediatric patients in the past 12 months, representing 0.1% of the 600,000 children suffering from IBS in the U.S.

NeurAxis (NYSE American: NRXS), a medical technology company focused on neuromodulation therapies for chronic and debilitating conditions, has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for Thursday, March 20, 2025, before market open.

The company will host a conference call at 9:00 AM ET on the same day to discuss the results. Investors can access the call through a live webcast available on the company's investor relations website or through a dial-in option after registration. Questions can be submitted through the webcast portal or via email to NRXS@lythampartners.com.

NeurAxis (NYSE: NRXS) has secured medical policy coverage for its Percutaneous Electrical Nerve Field Stimulation (PENFS) technology with a major insurer, extending coverage to approximately 5.1 million members across 13 states, including MI, IL, NY, and TX.

The company's IB-Stim device, which is FDA-cleared for treating functional abdominal pain associated with irritable bowel syndrome (IBS) in patients aged 8-21 years, delivers gentle electrical impulses to cranial nerve bundles in the ear. This non-surgical treatment is particularly significant as there are currently no FDA-approved drug therapies for children with abdominal pain-related gut-brain interaction disorders.

NeurAxis has expanded its insurance coverage from 4 million to 51 million lives over the past year, positioning the company to serve approximately 600,000 individuals suffering from IBS.