NRXS Chart
About

NeurAxis, Inc., a medical technology company, focuses on developing neuromodulation therapies to address chronic and debilitating conditions in children and adults in the United States. The company offers IB-Stim, a percutaneous electrical nerve field stimulation system intended to be used in patients 8-21 years of age with functional abdominal pain associated with irritable bowel syndrome. It sells its products to healthcare companies, such as hospitals and clinics. The company was formerly known as Innovative Health Solutions, Inc. and changed its name to NeurAxis, Inc. in March 2022. NeurAxis, Inc. was founded in 2011 and is headquartered in Carmel, Indiana.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 53.37M
Enterprise Value 49.50M Income -8.33M Sales 3.36M
Book/sh 0.23 Cash/sh 0.41 Dividend Yield —
Payout 0.00% Employees 21 IPO —
P/E — Forward P/E -9.19 PEG —
P/S 15.87 P/B 21.69 P/C —
EV/EBITDA -7.17 EV/Sales 14.72 Quick Ratio 1.43
Current Ratio 1.58 Debt/Eq 21.80 LT Debt/Eq —
EPS (ttm) -0.99 EPS next Y -0.55 EPS Growth —
Revenue Growth 21.70% Earnings 2025-11-10 17:00 ROA -125.53%
ROE -30.71% ROIC — Gross Margin 84.35%
Oper. Margin -258.82% Profit Margin -224.24% Shs Outstand 10.65M
Shs Float 7.04M Short Float 1.36% Short Ratio 0.83
Short Interest — 52W High 6.20 52W Low 1.33
Beta 2.81 Avg Volume 362.61K Volume 63.23K
Target Price $7.00 Recom None Prev Close $4.75
Price $5.01 Change 5.47%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.00
Mean price target
2. Current target
$5.01
Latest analyst target
3. DCF / Fair value
$-7.27
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.01
Low
$6.00
High
$8.00
Mean
$7.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-22 main Craig-Hallum Buy → Buy $8
2025-06-16 init Craig-Hallum — → Buy $7
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 80000 382800 — Purchase at price 4.65 - 4.92 per share. HANNASCH BRIAN Beneficial Owner of more than 10% of a Class of Security — 2026-02-12 00:00:00 D
1 21598 99999 — Stock Award(Grant) at price 4.63 per share. FERGE KRISTIN A Director — 2026-01-22 00:00:00 D
2 21598 99999 — Stock Award(Grant) at price 4.63 per share. AHARON GILAD S. Director — 2026-01-22 00:00:00 D
3 286138 1007206 — Purchase at price 3.52 per share. AHARON GILAD S. Director — 2025-12-23 00:00:00 I
4 355556 800001 — Purchase at price 2.25 per share. HANNASCH BRIAN Beneficial Owner of more than 10% of a Class of Security — 2025-07-01 00:00:00 D
5 821327 1847986 — Sale at price 2.25 per share. MASIMO CORP. Beneficial Owner of more than 10% of a Class of Security — 2025-07-01 00:00:00 D
6 289779 29 — Conversion of Exercise of derivative security at price 0.00 per share. MASIMO CORP. Beneficial Owner of more than 10% of a Class of Security — 2025-07-01 00:00:00 D
7 18065 31251 — Purchase at price 1.73 per share. HANNASCH BRIAN Beneficial Owner of more than 10% of a Class of Security — 2025-04-21 00:00:00 D
8 13157 37497 — Stock Award(Grant) at price 2.85 per share. FERGE KRISTIN A Director — 2025-01-17 00:00:00 D
9 13157 37497 — Stock Award(Grant) at price 2.85 per share. WATKINS BRADLEY MITCHELL Director — 2025-01-17 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-7.90M-6.62M-5.65M-2.93M
TotalUnusualItems-941.00-2.61M1.32M-29.34K
TotalUnusualItemsExcludingGoodwill-941.00-2.61M1.32M-29.34K
NetIncomeFromContinuingOperationNetMinorityInterest-8.24M-14.63M-4.78M-3.03M
ReconciledDepreciation37.83K40.73K37.13K36.71K
ReconciledCostOfRevenue362.00K303.35K297.06K467.66K
EBITDA-7.90M-9.23M-4.33M-2.95M
EBIT-7.94M-9.27M-4.36M-2.99M
NetInterestIncome-531.54K-5.36M-2.74M-36.93K
InterestExpense300.71K5.36M417.60K36.93K
InterestIncome0.00
NormalizedIncome-8.24M-12.02M-6.10M-3.00M
NetIncomeFromContinuingAndDiscontinuedOperation-8.24M-14.63M-4.78M-3.03M
TotalExpenses9.84M9.12M6.06M5.69M
TotalOperatingIncomeAsReported-7.16M-6.66M-3.37M-2.97M
DilutedAverageShares6.92M6.51M8.41M6.14M
BasicAverageShares6.92M6.51M6.14M6.14M
DilutedEPS-1.22-2.25-0.90-0.62
BasicEPS-1.22-2.25-0.90-0.62
DilutedNIAvailtoComStockholders-8.45M-14.63M-5.54M-3.78M
NetIncomeCommonStockholders-8.45M-14.63M-5.54M-3.78M
PreferredStockDividends211.27K764.89K748.83K
NetIncome-8.24M-14.63M-4.78M-3.03M
NetIncomeIncludingNoncontrollingInterests-8.24M-14.63M-4.78M-3.03M
NetIncomeContinuousOperations-8.24M-14.63M-4.78M-3.03M
PretaxIncome-8.24M-14.63M-4.78M-3.03M
OtherIncomeExpense-553.14K-2.60M1.33M-21.07K
OtherNonOperatingIncomeExpenses-552.20K4.78K11.96K8.27K
SpecialIncomeCharges0.00-3.65M0.000.00
OtherSpecialCharges3.65M
GainOnSaleOfSecurity-941.001.04M1.32M-29.34K
NetNonOperatingInterestIncomeExpense-531.54K-5.36M-2.74M-36.93K
TotalOtherFinanceCost230.82K2.77K2.32M
InterestExpenseNonOperating300.71K5.36M417.60K36.93K
InterestIncomeNonOperating0.00
OperatingIncome-7.16M-6.66M-3.37M-2.97M
OperatingExpense9.48M8.82M5.76M5.22M
ResearchAndDevelopment206.11K169.31K225.61K203.41K
SellingGeneralAndAdministration9.27M8.65M5.53M5.02M
SellingAndMarketingExpense324.71K323.57K410.88K455.88K
GeneralAndAdministrativeExpense8.95M8.33M5.12M4.56M
OtherGandA8.95M8.33M5.12M4.56M
GrossProfit2.32M2.16M2.39M2.25M
CostOfRevenue362.00K303.35K297.06K467.66K
TotalRevenue2.69M2.46M2.68M2.72M
OperatingRevenue2.69M2.46M2.68M2.72M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber6.99M6.51M6.04M6.04M
ShareIssued6.99M6.51M6.04M6.04M
NetDebt69.50K235.53K
TotalDebt473.40K224.26K598.82K439.27K
TangibleBookValue1.97M-1.51M-5.65M-850.24K
InvestedCapital2.22M-1.26M-5.09M-524.18K
WorkingCapital1.83M-1.64M-6.50M-933.85K
NetTangibleAssets1.97M-1.51M-5.65M-849.62K
CapitalLeaseObligations319.25K76.20K109.59K137.18K
CommonStockEquity2.06M-1.40M-5.57M-826.28K
PreferredStockEquity4.28K622.00622.00
TotalCapitalization2.07M-1.40M-5.57M-773.97K
TotalEquityGrossMinorityInterest2.07M-1.40M-5.57M-825.66K
StockholdersEquity2.07M-1.40M-5.57M-825.66K
RetainedEarnings-56.80M-48.56M-33.93M-29.15M
AdditionalPaidInCapital58.86M47.15M28.36M28.32M
CapitalStock11.27K6.51K2.58K2.55K
CommonStock6.99K6.51K1.96K1.93K
PreferredStock4.28K0.00622.00622.00
TotalLiabilitiesNetMinorityInterest2.69M1.91M7.05M1.59M
TotalNonCurrentLiabilitiesNetMinorityInterest256.50K27.07K76.20K161.29K
LongTermDebtAndCapitalLeaseObligation256.50K27.07K76.20K161.29K
LongTermCapitalLeaseObligation256.50K27.07K76.20K109.59K
LongTermDebt51.69K
CurrentLiabilities2.43M1.89M6.98M1.42M
OtherCurrentLiabilities9.17K8.22K3.97M32.10K
CurrentDeferredLiabilities32.53K74.95K59.17K69.34K
CurrentDeferredRevenue32.53K74.95K59.17K69.34K
CurrentDebtAndCapitalLeaseObligation216.91K197.19K522.62K277.99K
CurrentCapitalLeaseObligation62.75K49.13K33.40K27.58K
CurrentDebt154.15K148.06K489.23K250.41K
OtherCurrentBorrowings228.34K192.36K
CurrentNotesPayable154.15K148.06K260.88K250.41K
PensionandOtherPostRetirementBenefitPlansCurrent1.26M333.48K539.56K11.73K
PayablesAndAccruedExpenses913.41K1.27M1.89M1.03M
CurrentAccruedExpenses316.46K67.61K294.50K549.90K
InterestPayable66.65K66.65K205.47K89.58K
Payables596.95K1.20M1.59M483.79K
TotalTaxPayable777.00563.00
AccountsPayable596.95K1.20M1.59M483.79K
TotalAssets4.76M509.50K1.48M760.48K
TotalNonCurrentAssets491.39K266.89K1.00M269.47K
NonCurrentPrepaidAssets20.16K0.00
NonCurrentDeferredAssets0.00736.74K0.00
GoodwillAndOtherIntangibleAssets96.59K108.07K77.56K23.96K
OtherIntangibleAssets96.59K108.07K77.56K23.96K
NetPPE374.64K158.81K189.39K245.52K
AccumulatedDepreciation-374.42K-348.07K-317.83K-286.91K
GrossPPE749.06K506.89K507.23K532.43K
Leases21.06K21.06K21.06K21.06K
OtherProperties70.26K101.38K127.97K
MachineryFurnitureEquipment443.34K415.56K384.78K383.39K
BuildingsAndImprovements284.66K70.26K101.38K127.97K
Properties0.000.000.000.00
CurrentAssets4.27M242.61K476.96K491.01K
OtherCurrentAssets280.37K69.66K726.0015.67K
PrepaidAssets15.67K
Inventory44.33K21.22K48.13K39.18K
Receivables244.62K73.17K174.40K115.30K
AccountsReceivable244.62K73.17K174.40K115.30K
AllowanceForDoubtfulAccountsReceivable-5.00K-11.99K
GrossAccountsReceivable249.62K85.16K
CashCashEquivalentsAndShortTermInvestments3.70M78.56K253.70K320.86K
CashAndCashEquivalents3.70M78.56K253.70K320.86K
CashFinancial3.70M78.56K
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-6.13M-6.77M-2.36M-2.24M
RepaymentOfDebt-275.99K-3.55M-163.21K-98.91K
IssuanceOfDebt4.94M5.62M3.32M250.00K
IssuanceOfCapitalStock5.25M4.85M0.00510.00K
CapitalExpenditure-27.78K-71.78K-61.20K-1.39K
InterestPaidSupplementalData33.83K214.56K202.78K31.63K
IncomeTaxPaidSupplementalData10.16K0.000.000.00
EndCashPosition3.70M78.56K253.70K320.86K
BeginningCashPosition78.56K253.70K320.86K1.90M
ChangesInCash3.62M-175.14K-67.16K-1.57M
FinancingCashFlow9.74M6.59M2.29M661.10K
CashFlowFromContinuingFinancingActivities9.74M6.57M2.29M661.10K
NetOtherFinancingCharges-194.50K-532.00K-866.74K
ProceedsFromStockOptionExercised26.18K209.10K0.000.00
NetPreferredStockIssuance5.25M0.000.00510.00K
PreferredStockIssuance5.25M0.000.00510.00K
NetCommonStockIssuance0.004.85M0.00510.00K
CommonStockIssuance0.004.85M0.00510.00K
NetIssuancePaymentsOfDebt4.66M2.07M3.16M151.09K
NetShortTermDebtIssuance4.66M2.07M3.16M151.09K
ShortTermDebtPayments-275.99K-3.55M-163.21K-98.91K
ShortTermDebtIssuance4.94M5.62M3.32M250.00K
NetLongTermDebtIssuance-41.21K0.00
LongTermDebtPayments-163.21K0.00
LongTermDebtIssuance122.00K250.00K
InvestingCashFlow-27.78K-71.78K-61.20K-1.39K
CashFlowFromContinuingInvestingActivities-27.78K-71.78K-61.20K-1.39K
NetIntangiblesPurchaseAndSale0.00-41.00K-59.81K0.00
PurchaseOfIntangibles0.00-41.00K-59.81K0.00
NetPPEPurchaseAndSale-27.78K-30.78K-1.39K-1.39K
PurchaseOfPPE-27.78K-30.78K-1.39K-1.39K
OperatingCashFlow-6.10M-6.69M-2.30M-2.23M
CashFlowFromContinuingOperatingActivities-6.10M-6.69M-2.30M-2.23M
ChangeInWorkingCapital141.40K-665.75K1.27M644.43K
ChangeInOtherWorkingCapital15.77K-10.16K69.34K
ChangeInOtherCurrentLiabilities-3.41K-33.40K-27.58K-23.31K
ChangeInPayablesAndAccruedExpense342.42K-682.05K1.38M213.87K
ChangeInAccruedExpense949.69K-294.15K272.43K-105.37K
ChangeInPayable-607.27K-387.90K1.11M319.23K
ChangeInAccountPayable-607.27K-387.90K1.11M319.23K
ChangeInPrepaidAssets13.74K-53.16K4.78K201.96K
ChangeInInventory-32.50K26.91K-8.95K67.67K
ChangeInReceivables-178.84K75.95K-78.60K184.26K
ChangesInAccountReceivables-178.84K75.95K-78.60K184.26K
OtherNonCashItems389.29K5.18M2.45M22.81K
StockBasedCompensation1.40M750.00K27.32K48.64K
ProvisionandWriteOffofAssets11.85K25.28K19.50K11.77K
DepreciationAmortizationDepletion37.83K40.73K37.13K36.71K
DepreciationAndAmortization37.83K40.73K37.13K36.71K
OperatingGainsLosses158.69K2.61M-1.32M29.34K
GainLossOnInvestmentSecurities158.69K-1.04M-1.32M29.34K
NetIncomeFromContinuingOperations-8.24M-14.63M-4.78M-3.03M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for NRXS
Date User Asset Broker Type Position Size Entry Price Patterns