Axonics Modulation Technologies (AXNX) Tops Q4 EPS by 2c

Axonics Modulation Technologies (NASDAQ: AXNX) reported Q4 EPS of ($0.29), $0.02 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $34.8 million versus the consensus estimate of $35.11 million.

Raymond W. Cohen, Axonics CEO, said, “In the first year of Axonics’ commercial launch in the United States, we exceeded our ambitious goals despite the pandemic and only having approximately ten months of selling time. We are grateful for the overwhelmingly positive response from physicians and patients to the introduction of our r-SNM System. We look forward to more Americans getting vaccinated and a return to a more normalized elective procedure environment in which we can take full advantage of the strong growth outlook for Axonics and the SNM market.”

For earnings history and earnings-related data on Axonics Modulation Technologies (AXNX) click here.

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