Significant Revenue Growth
NeurAxis reported a revenue increase of 46% in Q2 2025 compared to Q2 2024, marking the fourth consecutive quarter of double-digit growth.
Milestone Achievements
The company expanded the FDA indication for IB-Stim to functional dyspepsia with nausea symptoms, published NASPGHAN guidelines, and received a Category I CPT code assignment with favorable RVU and reimbursement values.
Increase in Market Opportunity
With the expanded FDA indication, the market opportunity for IB-Stim nearly doubled, covering a wider age range and symptoms.
Strong Financial Position
The company raised $5 million through equity financing and an additional $1 million from stock warrants, with cash on hand of $6 million.
Progress in Medical Policy Coverage
NeurAxis reached about 53 million covered lives for IB-Stim and anticipates further policy coverage expansion.