NYSEAMERICAN : NRXS
NeurAxis, Inc. — Financial statements
Healthcare · Biotechnology · United States
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
NeurAxis, Inc. (NRXS) reported revenue of 5.32M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.32M | 3.57M | 2.69M | 2.46M | 2.68M | 2.72M |
| Cost of Revenue | 767.74K | 562.92K | 362.00K | 303.35K | 297.06K | 467.66K |
| Gross Profit | 4.55M | 3.01M | 2.32M | 2.16M | 2.39M | 2.25M |
| Selling, General & Admin | 11.59M | 9.71M | 9.05M | 8.65M | 5.53M | 5.02M |
| Research & Development | 645.32K | 493.61K | 433.61K | 169.31K | 225.61K | 203.41K |
| Operating Expenses | 12.23M | 10.21M | 9.48M | 8.82M | 5.76M | 5.22M |
| Operating Income | -7.68M | -7.20M | -7.16M | -6.66M | -3.37M | -2.97M |
| Interest Expense | -104.28K | -73.97K | -300.71K | -5.36M | -417.60K | -36.93K |
| Other Non Operating Income (Expenses) | 107.99K | 103.32K | -203.72K | 1.05M | -990.22K | -21.07K |
| EBT Excluding Unusual Items | -7.68M | -7.17M | -7.66M | -10.98M | -4.78M | -3.03M |
| Legal Settlements | -630.57K | |||||
| Other Unusual Items | -580.25K | -3.65M | ||||
| Pretax Income | -7.68M | -7.80M | -8.24M | -14.63M | -4.78M | -3.03M |
| Net Income | -7.68M | -7.80M | -8.24M | -14.63M | -4.78M | -3.03M |
| Preferred Dividends & Other Adjustments | 774.49K | 814.60K | 211.27K | 764.89K | 748.83K | |
| Net Income to Common | -8.45M | -8.62M | -8.45M | -14.63M | -5.54M | -3.78M |
| Shares Outstanding (Basic) | 10.90M | 9.08M | 6.92M | 3.25M | 2.00M | 1.97M |
| Shares Outstanding (Diluted) | 10.90M | 9.08M | 6.92M | 3.25M | 2.00M | 1.97M |
| EPS (Basic) | -0.78 | -0.95 | -1.22 | -4.50 | -2.77 | -1.92 |
| EPS (Diluted) | -0.78 | -0.95 | -1.22 | -4.50 | -2.77 | -1.92 |
| Free Cash Flow | -5.63M | -6.46M | -6.13M | -6.72M | -2.30M | -2.24M |
| Free Cash Flow Per Share | -0.52 | -0.71 | -0.89 | -2.07 | -1.15 | -1.14 |
| Gross Margin | 85.56% | 84.23% | 86.52% | 87.67% | 88.94% | 82.82% |
| Operating Margin | -144.51% | -201.70% | -266.46% | -270.91% | -125.61% | -109.14% |
| Profit Margin | -159.01% | -241.37% | -314.71% | -594.57% | -206.54% | -138.79% |
| Free Cash Flow Margin | -105.96% | -181.10% | -228.08% | -273.36% | -85.65% | -82.16% |
| EBITDA | -7.61M | -7.14M | -7.12M | -6.62M | -3.34M | -2.93M |
| EBITDA Margin | -143.13% | -200.04% | -265.05% | -269.25% | -124.23% | -107.79% |
| D&A For EBITDA | 73.23K | 59.50K | 37.83K | 40.73K | 37.13K | 36.71K |
| EBIT | -7.68M | -7.20M | -7.16M | -6.66M | -3.37M | -2.97M |
| EBIT Margin | -144.51% | -201.70% | -266.46% | -270.91% | -125.61% | -109.14% |
| Advertising Expenses | 546.63K | 232.12K | 192.40K | 14.90K | 34.32K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.32M | 4.97M | 3.70M | 78.56K | 253.70K | 320.86K |
| Cash & Short-Term Investments | 8.32M | 4.97M | 3.70M | 78.56K | 253.70K | 320.86K |
| Receivables | 432.93K | 195.70K | 244.62K | 73.17K | 174.40K | 115.30K |
| Inventory | 277.31K | 257.13K | 44.33K | 21.22K | 48.13K | 39.18K |
| Prepaid Expenses | 30.06K | 141.30K | 186.03K | 69.66K | 726.00 | 15.67K |
| Other Current Assets | 351.59K | 173.98K | 94.34K | |||
| Total Current Assets | 9.41M | 5.73M | 4.27M | 242.61K | 476.96K | 491.01K |
| Property, Plant & Equipment | 294.01K | 337.13K | 374.64K | 158.81K | 189.39K | 245.52K |
| Other Intangible Assets | 258.21K | 274.78K | 96.59K | 108.07K | 77.56K | 23.96K |
| Long-Term Deferred Charges | 9.63K | 23.86K | 736.74K | |||
| Other Long-Term Assets | 20.16K | 35.08K | 20.16K | |||
| Total Assets | 10.00M | 6.40M | 4.76M | 509.50K | 1.48M | 760.48K |
| Accounts Payable | 791.59K | 139.37K | 596.95K | 1.20M | 1.59M | 483.79K |
| Accrued Expenses | 1.75M | 1.60M | 1.58M | 401.09K | 834.06K | 561.64K |
| Short-Term Debt | 286.39K | 58.05K | ||||
| Current Portion of Long-Term Debt | 42.73K | 148.29K | 154.15K | 148.06K | 202.83K | 192.36K |
| Current Portion of Leases | 71.94K | 65.75K | 62.75K | 49.13K | 33.40K | 27.58K |
| Other Current Liabilities | 404.83K | 838.14K | 41.69K | 83.17K | 4.03M | 101.44K |
| Total Current Liabilities | 3.10M | 2.79M | 2.43M | 1.89M | 6.98M | 1.42M |
| Long-Term Debt | 10.00K | 51.69K | ||||
| Long-Term Leases | 164.72K | 202.57K | 256.50K | 27.07K | 76.20K | 109.59K |
| Total Liabilities | 3.26M | 3.00M | 2.69M | 1.91M | 7.05M | 1.59M |
| Common Stock | 12.47K | 10.65K | 6.99K | 6.51K | 1.96K | 1.93K |
| Additional Paid-In Capital | 76.38M | 67.99M | 58.86M | 47.15M | 28.36M | 28.32M |
| Retained Earnings | -69.66M | -64.60M | -56.80M | -48.56M | -33.93M | -29.15M |
| Total Common Equity | 6.73M | 3.40M | 2.06M | -1.40M | -5.57M | -826.28K |
| Shareholders' Equity | 6.74M | 3.40M | 2.07M | -1.40M | -5.57M | -825.66K |
| Total Liabilities & Equity | 10.00M | 6.40M | 4.76M | 509.50K | 1.48M | 760.48K |
| Total Debt | 279.39K | 426.61K | 473.40K | 224.26K | 598.82K | 439.27K |
| Net Cash (Debt) | 8.04M | 4.54M | 3.22M | -145.70K | -345.12K | -118.42K |
| Net Cash Per Share | 0.74 | 0.50 | 0.47 | -0.04 | -0.17 | -0.06 |
| Filing Date Shares Outstanding | 12.56M | 11.19M | 7.22M | 6.59M | 1.96M | 1.93M |
| Total Common Shares Outstanding | 12.47M | 10.65M | 6.99M | 6.51M | 1.96M | 1.93M |
| Working Capital | 6.32M | 2.94M | 1.83M | -1.64M | -6.50M | -933.85K |
| Book Value Per Share | 0.54 | 0.32 | 0.30 | -0.22 | -2.84 | -0.43 |
| Tangible Book Value | 6.47M | 3.12M | 1.97M | -1.51M | -5.65M | -850.24K |
| Tangible Book Value Per Share | 0.52 | 0.29 | 0.28 | -0.23 | -2.88 | -0.44 |
| Machinery | 382.46K | 443.34K | 415.56K | 384.78K | 383.39K | |
| Leasehold Improvements | 21.06K | 21.06K | 21.06K | 21.06K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.68M | -7.80M | -8.24M | -14.63M | -4.78M | -3.03M |
| Depreciation & Amortization | 73.23K | 59.50K | 37.83K | 40.73K | 37.13K | 36.71K |
| Other Amortization | 126.39K | 4.88M | 98.94K | |||
| Loss (Gain) From Sale of Assets | 7.71K | 7.88K | ||||
| Stock-Based Compensation | 1.39M | 596.85K | 1.40M | 750.00K | 27.32K | 48.64K |
| Provision & Write-off of Bad Debts | 15.36K | 2.33K | 7.39K | 25.28K | 19.50K | 11.77K |
| Other Operating Activities | 118.67K | 91.04K | 426.04K | 2.90M | 1.03M | 52.15K |
| Change in Accounts Receivable | -319.77K | 46.59K | -178.84K | 75.95K | -78.60K | 184.26K |
| Change in Inventory | -167.79K | -242.87K | -32.50K | 26.91K | -8.95K | 67.67K |
| Change in Accounts Payable | 327.07K | -457.58K | -607.27K | -387.90K | 1.11M | 319.23K |
| Change in Other Net Operating Assets | 612.80K | 1.26M | 960.02K | -380.71K | 249.62K | 73.28K |
| Operating Cash Flow | -5.62M | -6.43M | -6.10M | -6.69M | -2.30M | -2.23M |
| Capital Expenditures | -12.16K | -31.15K | -27.78K | -30.78K | -1.39K | -1.39K |
| Sale (Purchase) of Intangibles | -100.00K | -100.00K | -41.00K | -59.81K | ||
| Investing Cash Flow | -112.17K | -131.15K | -27.78K | -71.78K | -61.20K | -1.39K |
| Short-Term Debt Issued | 5.46M | 3.20M | ||||
| Long-Term Debt Issued | 4.94M | 159.83K | 122.00K | 250.00K | ||
| Total Debt Issued | 4.94M | 5.62M | 3.32M | 250.00K | ||
| Long-Term Debt Repaid | -281.75K | -275.99K | -3.55M | -163.21K | -98.91K | |
| Net Debt Issued (Repaid) | -242.34K | -281.75K | 4.66M | 2.07M | 3.16M | 151.09K |
| Issuance of Common Stock | 8.91M | 8.83M | 26.18K | 5.06M | ||
| Other Financing Activities | -504.50K | -712.67K | -194.50K | -532.00K | -866.74K | |
| Financing Cash Flow | 8.07M | 7.83M | 9.74M | 6.59M | 2.29M | 661.10K |
| Net Cash Flow | 2.33M | 1.27M | 3.62M | -175.14K | -67.16K | -1.57M |
| Free Cash Flow | -5.63M | -6.46M | -6.13M | -6.72M | -2.30M | -2.24M |
| Free Cash Flow Margin | -105.96% | -181.10% | -228.08% | -273.36% | -85.65% | -82.16% |
| Free Cash Flow Per Share | -0.52 | -0.71 | -0.89 | -2.07 | -1.15 | -1.14 |
| Levered Free Cash Flow | -3.15M | -3.86M | -3.00M | -6.62M | 2.99M | -1.09M |
| Unlevered Free Cash Flow | -3.09M | -3.81M | -2.94M | -8.15M | 3.15M | -1.06M |
| Cash Interest Paid | 12.84K | 11.85K | 33.83K | 214.56K | 202.78K | 31.63K |
| Cash Income Tax Paid | 26.12K | 13.14K | 10.16K | |||
| Change in Working Capital | 455.43K | 610.12K | 141.40K | -665.75K | 1.27M | 644.43K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 82.88M | 48.36M | 16.40M | 14.12M | ||
| Enterprise Value | 74.84M | 44.49M | 16.62M | 13.64M | ||
| Last Close Price | 6.60 | 4.54 | 2.35 | 2.67 | ||
| PS Ratio | 15.59 | 13.55 | 6.11 | 5.74 | ||
| PB Ratio | 12.22 | 14.23 | 7.93 | -10.06 | ||
| P/TBV Ratio | 12.80 | 15.50 | 8.34 | |||
| EV/Sales Ratio | 14.08 | 12.46 | 6.19 | 5.54 | ||
| Debt / Equity Ratio | 0.04 | 0.12 | 0.23 | -0.16 | -0.11 | -0.53 |
| Net Debt / Equity Ratio | -1.19 | -1.33 | -1.56 | -0.10 | -0.06 | -0.14 |
| Net Debt / EBITDA Ratio | 1.06 | 0.64 | 0.45 | -0.02 | -0.10 | -0.04 |
| Net Debt / FCF Ratio | 1.43 | 0.70 | 0.53 | -0.02 | -0.15 | -0.05 |
| Asset Turnover | 0.62 | 0.64 | 1.02 | 2.47 | 2.40 | 1.53 |
| Inventory Turnover | 3.76 | 3.73 | 11.04 | 8.75 | 6.80 | 6.41 |
| Quick Ratio | 2.83 | 1.85 | 1.62 | 0.08 | 0.06 | 0.31 |
| Current Ratio | 3.04 | 2.05 | 1.75 | 0.13 | 0.07 | 0.34 |
| Return on Equity (ROE) | -139.76% | -285.36% | -2,480.49% | -740.29% | ||
| Return on Assets (ROA) | -56.21% | -80.63% | -169.85% | -418.59% | -188.09% | -104.58% |
| Return on Capital Employed (ROCE) | -111.30% | -199.30% | -307.90% | 484.30% | 61.30% | 447.00% |
| Earnings Yield | -11.75% | -16.13% | -50.24% | -103.57% | ||
| FCF Yield | -6.80% | -13.36% | -37.35% | -47.62% | ||
| Buyback Yield / Dilution | -46.92% | -31.28% | -112.74% | -62.35% | -1.80% |