2023-05-16 16:20:13 ET
- Nyxoah press release ( NASDAQ: NYXH ): Q1 GAAP EPS of -€0.46 misses by €0.08 .
- Revenue of €0.44M (-33.3% Y/Y) misses by €0.88M .
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Total operating loss for the first quarter 2023 was €11.4 million versus €7.3 million in the first quarter of 2022. This was driven by the acceleration in the Company’s R&D spending, as well as ongoing commercial and clinical activities.
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As of March 31, 2023, cash and financial assets totaled €96.1 million, compared to €94.9 million on December 31, 2022. Total cash burn was approximately €4.9 million per month during the first quarter of 2023.
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Nyxoah GAAP EPS of -€0.46 misses by €0.08, revenue of €0.44M misses by €0.88M