earnings
confidence high
sentiment positive
materiality 0.75
NeurAxis preliminary Q4 revenue up 50% YoY to ~$800K; cash $3.7M
Neuraxis, INC
2024-FY EPS reported
-$1.22
revenue$2,685,925
- Preliminary Q4 2024 revenue ~$800K (+50% YoY); FY2024 revenue ~$2.7M (+11% YoY).
- Cash balance as of Dec 31, 2024 was ~$3.7 million.
- Insurance coverage expanded to ~45M lives, up from 4M a year ago.
- FDA 510(k) clearance for IB-Stim expanded to ages 8-21; new CPT code for PENFS.
- Commercialization of FDA-approved Rectal Expulsion Device (RED) begins Q1 2025.