Axonics Modulation Technologies Inc. (AXNX) Misses Q1 EPS by 8c

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Axonics® Announces First Quarter 2019 Financial Results and Operational Update

May 8, 2019 4:00 PM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- Axonics Modulation Technologies, Inc. (NASDAQ: AXNX), a medical technology company that has developed and is commercializing a novel implantable Sacral Neuromodulation (SNM) devicefor the treatment ofurinary and bowel dysfunction, reported today financial results for the first quarter endedMarch31, 2019, and provided an update on operational initiatives.

Recent Business Highlights

Net sales of the Axonics r-SNM® System1 from international markets totaled $1.1 million in the first quarter of 2019, sequentially doubling sales from the 2018 fourth quarter. This compares to no revenue in the same period last... More