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NeurAxis to Host Fourth Quarter and Full Year 2023 Results and Business Update Call on Tuesday, April 9, 2024

Key Takeaway: NeurAxis, Inc. will report its financial results for Q4 and FY 2023 on April 9, 2024, followed by a conference call at 4:30 pm ET. The company has filed a Form NT 10-K indicating a delay in submitting its Form 10-K, primarily due to issues related to its recent IPO. The firm remains focused on developing neuromodulation therapies for chronic conditions, specifically their IB-Stim™ tech for treating IBS in adolescents.

Market Sentiment Analysis

POSITIVE FACTORS

  • NeurAxis is advancing its proprietary therapy IB-Stim™, addressing IBS in adolescents.
  • The upcoming conference call indicates transparency and communication with investors.
  • The company is involved in multiple clinical trials aiming to address unmet healthcare needs.

CONCERNS & RISKS

  • NeurAxis filed a Form NT 10-K indicating its inability to file its Form 10-K on time.
  • Delays in filing due to unique circumstances surrounding the company's recent IPO could indicate operational challenges.
  • Forward-looking statements suggest uncertainty in achieving future objectives or compliance.

Full Press Release Details

CARMEL, Ind., April 01, 2024 (GLOBE NEWSWIRE) -- NeurAxis, Inc. (“NeurAxis,” or the “Company”) (NYSE American: NRXS), a medical technology company commercializing neuromodulation therapies addressing chronic and debilitating conditions in children and adults, will report financial results for its fourth quarter and fiscal year 2023, for the period ended December 31, 2023, on Tuesday, April 9, 2024, after the close of the market. The Company has scheduled a conference call for the same day, Tuesday, April 9, 2024, at 4:30 pm ET to review the results.
Conference Call Details
Date and Time: Tuesday, April 9, 2024, at 4:30pm ET
Live Webcast Information: Interested parties can access the conference call via a live webcast, which is available in the Investor Relations section of the Company's website at https://edge.media-server.com/mmc/p/mir4a7uc or https://ir.neuraxis.com/. For participants listening through the webcast, questions can be sent in through the portal using the “Ask a Question” link or by emailing questions to NRXS@lythampartners.com.
Call-in Information: Interested parties can also access the live conference call by initially registering at the following link. Upon completion of the registration link, call-in participants will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.
Replay: A webcast replay will be available in the Investor Relations section of the Company's website at https://edge.media-server.com/mmc/p/mir4a7uc or https://ir.neuraxis.com/.
Today, the Company filed a Form NT 10-K with the SEC providing notice of the Company being unable to file its Form 10-K on the prescribed due date. The Form NT provides relief for the filing to occur on or before the fifteenth calendar day following the prescribed due date. As indicated in this press release, the Company expects to have filed its Form 10-K on April 9, 2024. The Company is unable to file timely due primarily to the unique circumstances associated with the Company’s IPO last year.
About NeurAxis, Inc.
NeurAxis, Inc., is a medical technology company focused on neuromodulation therapies to address chronic and debilitating conditions in children and adults. NeurAxis is dedicated to advancing science and leveraging evidence-based medicine to drive adoption of its IB-Stim™ therapy, which is its proprietary Percutaneous Electrical Nerve Field Stimulation (PENFS) technology, by the medical, scientific, and patient communities. IB-Stim™ is FDA cleared for functional abdominal pain associated with irritable bowel syndrome (IBS) in adolescents 11-18 years old. Additional clinical trials of PENFS in multiple pediatric and adult conditions with large unmet healthcare needs are underway. For more information, please visit http://neuraxis.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are based on management’s current assumptions and expectations of future events and trends, which affect or may affect the Company’s business, strategy, operations or financial performance, and actual results and other events may differ materially from those expressed or implied in such statements due to numerous risks and uncertainties. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. There are a number of important factors that could cause actual results, developments, business decisions or other events to differ materially from those contemplated by the forward-looking statements in this press release. These factors include, among other things, the conditions in the U.S. and global economy, the trading price and volatility of the Company’s stock, public health issues or other events, the Company’s compliance with applicable laws, the results of the Company’s clinical trials and perceptions thereof, the results of submissions to the FDA, the results of the shareholder vote to enable the issuance of the Preferred Stock, and factors described in the Risk Factors section of NeurAxis’s public filings with the Securities and Exchange Commission (SEC). Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable law, the Company undertakes no obligation to update or revise these statements, whether as a result of any new information, future events and developments or otherwise.

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Frequently Asked Questions

When will NeurAxis report its financial results?

NeurAxis will report its financial results on April 9, 2024, after market close.

How can I access the NeurAxis conference call?

You can access the call via a live webcast on NeurAxis's Investor Relations webpage.

What technology does NeurAxis focus on?

NeurAxis specializes in neuromodulation therapies for chronic conditions in children and adults.

What is IB-Stim™ used for?

IB-Stim™ is FDA cleared for treating functional abdominal pain in adolescents with IBS.

Why was the Form NT 10-K filed?

NeurAxis filed it due to an inability to submit the Form 10-K by the deadline.

Last updated: Apr 1, 2024