Neuraxis reports Q3 revenue $811k vs $667k last year

Brian Carrico, Chief Executive Officer of NeurAxis (NRXS), commented: “We remain highly optimistic as we lay the foundation for what we expect will be a major scaling phase in 2026. The years of work to secure the CPT Category I code and expanded insurance coverage, ensuring greater access to IB-Stim, will come to fruition in less than 60 days. With the Category I code effective January 1, 2026, and our proprietary PENFS technology now included in leading clinical practice guidelines, we believe NeurAxis is well positioned for substantial revenue growth and margin expansion. In addition, the recent FDA clearance expanding IB-Stim’s indication to include functional dyspepsia and nausea in patients 8 years and older significantly broadens our market opportunity, supported by strong operational momentum with second-quarter revenue up 22% and units sold rising 38% year-over-year.”