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NeurAxis, Inc. (NRXS) 10-Year Financial Performance & Capital Metrics

NRXS • • Industrial / General
HealthcareBiotechnologyPlatform & Technology CompaniesDiagnostics & Immune Monitoring
AboutNeurAxis, Inc. operates as a neuromodulation therapy device company in the United States. It offers IB-Stim, a percutaneous electrical nerve field stimulation system intended to be used in patients 11-18 years of age with functional abdominal pain associated with irritable bowel syndrome healthcare companies primarily hospitals and clinics. The company was formerly known as Innovative Health Solutions, Inc. and changed its name to NeurAxis, Inc. in March 2022. The company was founded in 2011 and is headquartered in Carmel, Indiana.Show more
  • Revenue $3M +9.2%
  • EBITDA -$7M -7.5%
  • Net Income -$8M +43.7%
  • EPS (Diluted) -1.22 +47.4%
  • Gross Margin 86.52% -1.3%
  • EBITDA Margin -265.05% +1.6%
  • Operating Margin -266.46% +1.6%
  • Net Margin -306.84% +48.4%
  • ROE -2480.49%
  • ROIC -
  • Debt/Equity 0.23
  • Interest Coverage -23.80 -1813.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 95 (top 5%)

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Expensive at 15.4x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-0.44%
TTM36.89%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM37.72%

EPS CAGR

10Y-
5Y-
3Y-
TTM43.72%

ROCE

10Y Avg-757.72%
5Y Avg-757.72%
3Y Avg-1509.75%
Latest-1509.75%

Peer Comparison

Diagnostics & Immune Monitoring
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IMDXInsight Molecular Diagnostics Inc.189.76M6.62-1.4225.15%-13.81%-14.81%

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.93M2.72M2.68M2.46M2.69M
Revenue Growth %-0.41%-0.01%-0.08%0.09%
Cost of Goods Sold+481.09K467.66K297.06K303.35K362K
COGS % of Revenue0.25%0.17%0.11%0.12%0.13%
Gross Profit+1.45M2.25M2.39M2.16M2.32M
Gross Margin %0.75%0.83%0.89%0.88%0.87%
Gross Profit Growth %-0.56%0.06%-0.1%0.08%
Operating Expenses+5.57M5.22M5.76M8.82M9.48M
OpEx % of Revenue2.89%1.92%2.15%3.59%3.53%
Selling, General & Admin5.4M5.02M5.53M8.65M9.27M
SG&A % of Revenue2.8%1.84%2.06%3.52%3.45%
Research & Development166.8K203.41K225.61K169.31K206.11K
R&D % of Revenue0.09%0.07%0.08%0.07%0.08%
Other Operating Expenses00000
Operating Income+-4.12M-2.97M-3.37M-6.66M-7.16M
Operating Margin %-2.13%-1.09%-1.26%-2.71%-2.66%
Operating Income Growth %-0.28%-0.14%-0.98%-0.07%
EBITDA+-4.08M-2.93M-3.34M-6.62M-7.12M
EBITDA Margin %-2.12%-1.08%-1.24%-2.69%-2.65%
EBITDA Growth %-0.28%-0.14%-0.99%-0.07%
D&A (Non-Cash Add-back)35.79K36.71K37.13K40.73K37.83K
EBIT-3.65M-2.99M-4.36M-9.27M-7.94M
Net Interest Income+-75.67K-36.93K-2.74M-5.36M-300.71K
Interest Income370-2.32M-2.77K0
Interest Expense75.71K36.93K417.6K5.36M300.71K
Other Income/Expense394.59K-58K-1.41M-7.96M-1.08M
Pretax Income+-3.73M-3.03M-4.78M-14.63M-8.24M
Pretax Margin %-1.93%-1.11%-1.78%-5.95%-3.07%
Income Tax+00000
Effective Tax Rate %1%1%1%1%1%
Net Income+-3.73M-3.03M-4.78M-14.63M-8.24M
Net Margin %-1.93%-1.11%-1.78%-5.95%-3.07%
Net Income Growth %-0.19%-0.58%-2.06%0.44%
Net Income (Continuing)-3.73M-3.03M-4.78M-14.63M-8.24M
Discontinued Operations00000
Minority Interest00000
EPS (Diluted)+-0.80-0.62-0.78-2.32-1.22
EPS Growth %-0.23%-0.26%-1.97%0.47%
EPS (Basic)-0.80-0.62-0.57-2.32-1.22
Diluted Shares Outstanding5.38M5.38M8.41M6.3M6.92M
Basic Shares Outstanding5.38M5.38M8.41M6.3M6.92M
Dividend Payout Ratio-----

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+2.46M491.01K476.96K242.61K4.27M
Cash & Short-Term Investments1.9M320.86K253.7K78.56K3.7M
Cash Only1.9M320.86K253.7K78.56K3.7M
Short-Term Investments00000
Accounts Receivable311.33K115.3K174.4K73.17K244.62K
Days Sales Outstanding58.8715.4723.7110.8633.24
Inventory106.85K39.18K48.13K21.22K44.33K
Days Inventory Outstanding81.0630.5859.1425.5344.7
Other Current Assets0072669.66K280.37K
Total Non-Current Assets+327.6K269.47K1M266.89K491.39K
Property, Plant & Equipment301.7K245.52K189.39K158.81K374.64K
Fixed Asset Turnover6.40x11.08x14.18x15.49x7.17x
Goodwill00000
Intangible Assets25.9K23.96K77.56K108.07K96.59K
Long-Term Investments00000
Other Non-Current Assets00736.74K020.16K
Total Assets+2.79M760.48K1.48M509.5K4.76M
Asset Turnover0.69x3.58x1.81x4.83x0.56x
Asset Growth %--0.73%0.95%-0.66%8.34%
Total Current Liabilities+1.01M1.42M6.98M1.89M2.43M
Accounts Payable164.56K483.79K1.59M1.2M596.95K
Days Payables Outstanding124.85377.591.96K1.45K601.89
Short-Term Debt151K250.41K489.23K148.06K154.15K
Deferred Revenue (Current)069.34K59.17K74.95K32.53K
Other Current Liabilities8.49K43.84K4.51M341.7K1.27M
Current Ratio2.44x0.34x0.07x0.13x1.75x
Quick Ratio2.33x0.32x0.06x0.12x1.74x
Cash Conversion Cycle15.09-331.55-1.87K-1.41K-523.95
Total Non-Current Liabilities+137.18K161.29K76.2K27.07K256.5K
Long-Term Debt051.69K000
Capital Lease Obligations137.18K109.59K76.2K27.07K256.5K
Deferred Tax Liabilities00000
Other Non-Current Liabilities00000
Total Liabilities1.15M1.59M7.05M1.91M2.69M
Total Debt+311.49K439.27K598.82K224.26K473.4K
Net Debt-1.58M118.42K345.12K145.7K-3.22M
Debt / Equity0.19x---0.23x
Debt / EBITDA-----
Net Debt / EBITDA-----
Interest Coverage-54.43x-80.43x-8.08x-1.24x-23.80x
Total Equity+1.64M-825.66K-5.57M-1.4M2.07M
Equity Growth %--1.5%-5.75%0.75%2.47%
Book Value per Share0.31-0.15-0.66-0.220.30
Total Shareholders' Equity1.64M-825.66K-5.57M-1.4M2.07M
Common Stock2.52K2.55K1.96K6.51K6.99K
Retained Earnings-26.12M-29.15M-33.93M-48.56M-56.8M
Treasury Stock00000
Accumulated OCI00000
Minority Interest00000

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-4.14M-2.23M-2.3M-6.69M-6.1M
Operating CF Margin %-2.14%-0.82%-0.86%-2.72%-2.27%
Operating CF Growth %-0.46%-0.03%-1.91%0.09%
Net Income-3.73M-3.03M-4.78M-14.63M-8.24M
Depreciation & Amortization35.79K36.71K37.13K40.73K37.83K
Stock-Based Compensation48.77K48.64K27.32K750K1.4M
Deferred Taxes041.11K000
Other Non-Cash Items-202.29K22.81K1.15M7.81M559.82K
Working Capital Changes-295.45K644.43K1.27M-665.75K141.4K
Change in Receivables-223.01K184.26K-78.6K75.95K-178.84K
Change in Inventory323.76K67.67K-8.95K26.91K-32.5K
Change in Payables-664.25K319.23K1.11M-387.9K-607.27K
Cash from Investing+-27.72K-1.39K-61.2K-71.78K-27.78K
Capital Expenditures-27.72K-1.39K-1.39K-30.78K-27.78K
CapEx % of Revenue0.01%0%0%0.01%0.01%
Acquisitions-----
Investments-----
Other Investing00-59.81K-41K0
Cash from Financing+6.05M661.1K2.29M6.59M9.74M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00000
Share Repurchases-----
Other Financing2.73M-510K-866.74K-322.9K-168.32K
Net Change in Cash-----
Free Cash Flow+-4.17M-2.24M-2.36M-6.77M-6.13M
FCF Margin %-2.16%-0.82%-0.88%-2.75%-2.28%
FCF Growth %-0.46%-0.06%-1.87%0.09%
FCF per Share-0.77-0.42-0.28-1.07-0.89
FCF Conversion (FCF/Net Income)1.11x0.74x0.48x0.46x0.74x
Interest Paid74.49K0202.78K214.56K33.83K
Taxes Paid000010.16K

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)-226.69%-740.29%---2480.49%
Gross Margin75.08%82.81%88.94%87.67%86.52%
Net Margin-193.04%-111.27%-178.05%-594.57%-306.84%
Debt / Equity0.19x---0.23x
Interest Coverage-54.43x-80.43x-8.08x-1.24x-23.80x
FCF Conversion1.11x0.74x0.48x0.46x0.74x
Revenue Growth-40.98%-1.34%-8.37%9.18%

Revenue by Geography

20232024
CALIFORNIA601.24K778.21K
CALIFORNIA Growth-29.44%
All other States-767.99K
All other States Growth--
OHIO407.63K431.33K
OHIO Growth-5.81%
ILLINOIS-246.22K
ILLINOIS Growth--
MASSACHUSETTS127.3K154.41K
MASSACHUSETTS Growth-21.29%
FLORIDA186.84K149.99K
FLORIDA Growth--19.73%
All Other States844.44K-
All Other States Growth--

Frequently Asked Questions

Growth & Financials

NeurAxis, Inc. (NRXS) reported $3.4M in revenue for fiscal year 2024. This represents a 74% increase from $1.9M in 2020.

NeurAxis, Inc. (NRXS) grew revenue by 9.2% over the past year. This is steady growth.

NeurAxis, Inc. (NRXS) reported a net loss of $7.5M for fiscal year 2024.

Dividend & Returns

NeurAxis, Inc. (NRXS) has a return on equity (ROE) of -2480.5%. Negative ROE indicates the company is unprofitable.

NeurAxis, Inc. (NRXS) had negative free cash flow of $6.3M in fiscal year 2024, likely due to heavy capital investments.

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