NYXH — Stock Film
STOCK FILMSCENE 1/11NYXH · $1.54
Stock Expert AI presents
NYXH
Nyxoah S.A
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Nyxoah S.A. What it actually does.

Develops and commercializes solutions for sleep-disordered breathing conditions. Offers the Genio system, a hypoglossal neurostimulation therapy. Now — the numbers.

on the stock market since 2021
154 employees
$154.1M market value
Revenue last year:
$11.6M
The loss that same year:
$104.5M
For every $1 it earns, the company spends $10.

The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing, year after year.

Average growth of 85% a year over the last 4 years. Red columns mark years that ended in a loss.

$989K
2021
2022
2023
2024
$11.6M
2025
In the vault right now:
$55.7M
DEBT: $48.8M
At this pace, that money lasts less than a year.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
1 / 8
EXPECTATIONS MET OR BEATEN
1
Nov 2024
Aug 2026
1 TIME IN THE LAST 8 QUARTERS
It misses the bar more often than not.
THE PRICE TAG
MARKET VALUE / ANNUAL SALES
13.3×

This company is not turning a profit, so the market is pricing its sales instead: 13.3× for every dollar of annual revenue.

Against companies in its own sector, it looks cheaper than 15% of them.

Analysts' average target sits 165% above today's price.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 95% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/2
Sales keep climbing

Over the last 4 years, sales grew about 85% a year on average.

2
THE BRIGHT SIDE · 2/2
The product is selling

Sales run at $11.6M a year. A small number, but proof the product has real buyers.

1
THE RISKS · 1/2
Small sales, big loss

A loss of $104.5M against $11.6M in annual sales.

2
THE RISKS · 2/2
The cash has a countdown

At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.

FINALE · THE GRADE
F
15 / 100 · MoonshotScore

On our five-subject report card, NYXH sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: NYXH is a high-risk stock — not yet profitable, and its future rides on its product catching on.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

Analysts’ average target sits above today’s price, yet the valuation grade (15/100) says the stock isn’t cheap.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 12, 2026 · stockexpertai.com · Stock Film