Axonics Modulation Technologies, Inc. (AXNX) News

Axonics Modulation Technologies, Inc. (AXNX): $70.98

0.53 (+0.75%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

C

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Axonics, Inc. (AXNX) Q1 2023 Earnings Call Transcript

Axonics, Inc. (AXNX)

Q1 2023 Earnings Conference Call

May 1, 2023 4:30 PM ET

Company Participants

Neil Bhalodkar - VP of IR

Raymond Cohen - CEO

Dan Dearen - President and CFO

Conference Call Participants

Chris Pasquale - Nephron Research

Richard Newitter - Truist Securities

Nathan Treyback - Wells Fargo

Adam Maeder - Piper Sandler

Michael Polark - Wolfe Research

Shagun Singh - RBC Capital Markets

Mike Matson - Needham and Company

Anthony Petrone - Mizuho Securities

Michael Sarcone - Jefferies

Presentation

Operator

Thank you for standing by and welcome to the Axonics' First Quarter 2023 Results Conferen...

SA Transcripts on Seeking Alpha | May 2, 2023

Axonics Modulation Technologies GAAP EPS of -$0.19, revenue of $70.7M

  • Axonics Modulation Technologies press release (NASDAQ:AXNX): Q1 GAAP EPS of -$0.19.
  • Revenue of $70.7M (+46.0% Y/Y).
  • Gross margin was 74.3% in 1Q23 compared to 68.7% in the prior year period.
  • Operating expenses were $66.9 million in 1Q23 and included a $1.8 million
  • Adjusted EBITDA was $0.9 million in 1Q23 compared to an adjusted EBITDA loss of $13.4 million in the prior year period.
  • Net loss was $9...

    Seeking Alpha | May 1, 2023


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