Nyxoah Q2 EPS $(0.49) Misses $(0.45) Estimate, Sales $1.21M Beat $1.08M Estimate
Portfolio Pulse from mahesh@benzinga.com
Nyxoah (NASDAQ:NYXH) reported Q2 losses of $(0.49) per share, missing the analyst consensus estimate of $(0.45) by 8.89%. This is a 133.33% increase in losses from the same period last year. However, the company's quarterly sales of $1.21 million beat the analyst consensus estimate of $1.08 million by 11.76%, marking a 21.12% increase over sales from the same period last year.
August 08, 2023 | 9:37 pm
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NEUTRAL IMPACT
Nyxoah's Q2 earnings report showed increased losses but also increased sales, beating estimates. This mixed result could lead to uncertain short-term price movements.
Nyxoah's increased losses could negatively impact investor sentiment, potentially driving the stock price down. However, the fact that sales beat estimates and showed a significant YoY increase could counteract this negative impact, leading to a neutral short-term price direction.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100