Axonics: Q1 Earnings Snapshot
By AP News
Published - May 01, 2023, 04:10 PM ET
Last Updated - Jun 22, 2023, 12:24 AM EDT
IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Axonics Modulation Technologies Inc. (AXNX) on Monday reported a loss of $9.2 million in its first quarter.
On a per-share basis, the Irvine, California-based company said it had a loss of 19 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The medical technology company posted revenue of $70.7 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $64.3 million.
