Nyxoah SA (STU:5YI)
€ 1.424 -0.066 (-4.43%) Market Cap: 142.10 Mil Enterprise Value: 151.25 Mil PE Ratio: 0 PB Ratio: 1.73 GF Score: 61/100

Q3 2025 Nyxoah SA Earnings Call Transcript

Nov 13, 2025 / 09:30 PM GMT
Release Date Price: €4.76 (+0.63%)

Key Points

Positve
  • Nyxoah SA (NYXH) successfully launched its Genio system in the US, generating $231,000 in revenue in the third quarter, ahead of expectations.
  • The company has secured reimbursement with Medicare and 10 private payers, including major insurers like United Healthcare and Blue Cross Blue Shield.
  • Nyxoah SA (NYXH) has trained 111 surgeons and completed 102 value analysis committee submissions, with 35 approvals received.
  • The Genio system offers a differentiated bilateral stimulation solution, which is well-received by physicians for treating complex airway obstructions.
  • The company has secured up to $77 million in capital to support the commercialization of Genio in the US, providing a cash runway into the first quarter of 2027.
Negative
  • Gross margin decreased to 60.5% in Q3 2025 from 62% in Q3 2024, indicating potential cost pressures.
  • Total operating loss increased to €24.4 million in Q3 2025 from €15 million in Q3 2024, driven by increased commercial investments.
  • Cash position decreased significantly from €43 million at the end of June 2025 to €22.5 million at the end of September 2025.
  • The company is still in the early phases of account activation in the US, with only 15 implants performed across 9 accounts by the end of October.
  • There is uncertainty regarding the long-term impact of the US launch on revenue, as the company did not provide specific guidance on US versus international revenue for Q4 2025.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NYXH.BR - Nyxoah SA
Q3 2025 Nyxoah SA Earnings Call
Nov 13, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Knicks 3rd quarter 2025 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you'll need to press 11 on your telephone. You will then hear an automated message advising your hand is raised to withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. I want to attend the call over to your speaker today, Pierce and Dennis. Please go ahead.

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Unidentified_2 [2]
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