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home / news releases / AXNX - Axonics Modulation expects strong Q4 growth

AXNX - Axonics Modulation expects strong Q4 growth

Axonics Modulation Technologies Inc.
For Q4, Axonics Modulation Technologies (AXNX) expects net revenue to be in the range of $34.7-$34.9M vs. $9.9M reported in the year ago quarter.U.S. customers sales represented ~97% of total revenue.In Q4, ~320 confirmed and scheduled permanent implants were canceled due to COVID-19 based upon a detailed territory by territory analysis; cancellations accounted for ~$5M  of revenue that was neither shipped nor invoiced in Q4.FY20 revenue is estimated at ~$111.5M vs. $13.8M in FY19."We remain bullish on the growth outlook for Axonics and the SNM market in 2021 and beyond," CEO Raymond W. Cohen commented.Earnings scheduled for Mar.3 release.

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Axonics Modulation expects strong Q4 growth
Stock Information
Company Name: Axonics Modulation Technologies Inc.
Stock Symbol: AXNX
Market: NASDAQ
Website: axonics.com
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