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Neuraxis Inc

neuraxis.com

What Do They Do?

Sells IB-Stim, a nerve-stimulation device for digestive pain, and RED, a rectal-function test, to hospitals and healthcare providers.

How Do They Make Money?

Healthcare companies, mainly hospitals and clinics, buy IB-Stim; Neuraxis is paid after the devices arrive, with invoices typically due within 30 days.

FY2025 revenue

Who Are Their Customers?

Customers are primarily children’s hospitals, with adult gastroenterologists and adult pain physicians also among its target customers. NeurAxis markets through a direct sales team and online, and reaches clinicians through affiliated academic societies.

Do Revenues Turn Into Profits?

No. It lost $7.8M in FY2025.

Operating income, FY2025
−219% of revenue
▲ +9% (Loss) vs FY2024 (−$7.2M, −266%)
Net income, FY2025
−219% of revenue
▼ −5% (Loss) vs FY2024 (−$8.2M, −307%)
Free cash flow, FY2025
−181% of revenue
▲ +6% (Loss) vs FY2024 (−$6.1M, −228%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +116%
vs $894.1K in Q2 FY2025
Net income
▲ +23% (Loss)
vs −$1.7M in Q2 FY2025

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