The following is a summary of the Nyxoah S.A. (NYXH) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Nyxoah reported Q2 2024 revenue of EUR 780,000.

• The company's total operating loss for Q2 2024 was EUR 13.3 million, an increase from EUR 11.9 million in Q2 2023.

• Nyxoah strengthened its financial position with over EUR 85 million in new capital raised, extending its cash runway into mid-2026.

Business Progress:

• Nyxoah is preparing for U.S. market entry with FDA approval anticipated by late 2024.

• The company achieved positive outcomes in its DREAM U.S. pivotal study, meeting primary endpoints for OSA patients.

• Commercial activity in Europe increased, with first half 2024 sales rising 29% from the first half of 2023, totaling EUR 2 million.

• Significant commercial investments are being made in both the U.S. and Europe to support market expansion.

Opportunities:

• Anticipating U.S. FDA approval of Genio, Nyxoah is actively building its U.S. commercial organization, expecting to expand rapidly due to unique product advantages over existing technologies.

• With MRI-compatible, non-implantable battery solutions, Genio aims to reduce invasiveness and appeal to a larger patient demographic, potentially growing the market.

Risks:

• Variability in quarterly revenue influenced by limited number of accounts implanting and implant volume in smaller markets like Germany.

More details: Nyxoah SA IR

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