Nyxoah Q1 2024 GAAP EPS $(0.45) Misses $(0.42) Estimate, Sales $1.33M Beat $1.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nyxoah (NASDAQ:NYXH) reported Q1 2024 earnings with a GAAP EPS of $(0.45), missing the $(0.42) estimate, but sales of $1.33M exceeded the $1.31M estimate. This represents a significant improvement in sales compared to the same period last year.

May 14, 2024 | 8:18 pm
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Nyxoah's Q1 2024 earnings report showed a miss on EPS estimates but exceeded sales forecasts, indicating a strong revenue growth year-over-year.
While the miss on EPS might concern some investors, the significant increase in sales compared to the previous year could indicate underlying strength in Nyxoah's business. The mixed results could lead to neutral short-term price movement as investors weigh the EPS miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100