Axonics® Announces Preliminary Fourth Quarter and Full Year 2019 Revenue
Axonics, Inc. (AXNX)
Last axonics, inc. earnings: 3/4 04:01 pm
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Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--Axonics Modulation Technologies, Inc. (NASDAQ: AXNX), a medical technology company that has developed and is commercializing novel implantable rechargeable Sacral Neuromodulation (“SNM”) devices for the treatment of urinary and bowel dysfunction, today reported preliminary unaudited revenue of approximately $10 million for the fourth quarter of 2019 as compared to $0.5 million in the prior year period. For the full year ended December 31, 2019, unaudited revenue was approximately $14 million as compared to $0.7 million for all of 2018.In the United States, revenue for the fourth quarter of 2019 was approximately $8.4 million following the launch of commercial sales of the Axonics r-SNM® System on October 29, 2019, and subsequent FDA approval of urinary clinical indications on November 13, 2019.Revenue from international markets totaled approximately $1.6 million in the fourth quarter of 2019 as compared to $0.5 million in revenue in the prior year
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