AP NEWS

Axonics: 3Q Earnings Snapshot

November 14, 2019

IRVINE, Calif. (AP) _ Axonics Modulation Technologies Inc. (AXNX) on Thursday reported a loss of $25 million in its third quarter.

The Irvine, California-based company said it had a loss of 89 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 73 cents per share.

The medical technology company posted revenue of $1.3 million in the period.

Axonics shares have risen 93% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.10, a climb of 92% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXNX at https://www.zacks.com/ap/AXNX