NeurAxis Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Gross profit margin in the fourth quarter of 2023 was 86.4%, compared to 87.7% for the same period in 2022.
- Gross profit margin in the fourth quarter of 2023 was 86.4%, compared to 87.7% for the same period in 2022.
- Selling expenses for fiscal year 2023 were $323.6 thousand, a decrease of 21.3% compared to $410.9 thousand for fiscal year 2022.
- Selling expenses for the fourth quarter of 2023 were $72.6 thousand, an increase of 10.1% compared to $66.0 thousand for the fourth quarter of 2022.
- G&A costs for the fourth quarter of 2023 were $2.0 million, an increase of 46.1%, compared to $1.4 million for the fourth quarter of 2022.