Axonics Expects Q4 FY23 Revenues Of $109.3M-$109.7M, Up 27% Y/Y Versus Consensus Of $105.56M
Portfolio Pulse from Benzinga Newsdesk
Axonics anticipates Q4 FY23 revenues to range between $109.3M and $109.7M, marking a 27% year-over-year increase, surpassing the consensus estimate of $105.56M. Sacral neuromodulation revenue is expected to rise by 26% to $88.3M-$88.5M, while Bulkamid revenue is projected to grow by 35% to $21.0M-$21.2M.
January 08, 2024 | 12:58 pm
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Axonics expects Q4 FY23 revenues to surpass expectations with a 27% Y/Y increase, driven by growth in sacral neuromodulation and Bulkamid sales.
The positive revenue forecast for Axonics, which exceeds analyst consensus, is likely to instill investor confidence and could lead to a short-term increase in stock price. The significant growth in sacral neuromodulation and Bulkamid sales, both key product areas, further reinforces the positive outlook for the company.
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