Axonics Management

Management criteria checks 4/4

Axonics' CEO is Ray Cohen, appointed in Oct 2013, has a tenure of 10.5 years. total yearly compensation is $5.33M, comprised of 14.1% salary and 85.9% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth $12.77M. The average tenure of the management team and the board of directors is 6.5 years and 5 years respectively.

Key information

Ray Cohen

Chief executive officer

US$5.3m

Total compensation

CEO salary percentage	14.1%
CEO tenure	10.5yrs
CEO ownership	0.4%
Management average tenure	6.5yrs
Board average tenure	5yrs

Recent management updates

Recent updates

A Look At The Fair Value Of Axonics, Inc. (NASDAQ:AXNX)

Jul 14

Axonics, Inc.'s (NASDAQ:AXNX) Earnings Haven't Escaped The Attention Of Investors

Jun 20

Is Axonics, Inc. (NASDAQ:AXNX) Trading At A 21% Discount?

Mar 27

Here's Why We're Not At All Concerned With Axonics' (NASDAQ:AXNX) Cash Burn Situation

Feb 28

Axonics: A Strong Medical Device Play With Significant Revenue Growth Opportunities

May 30

Axonics (NASDAQ:AXNX) Is In A Strong Position To Grow Its Business

Apr 19

We're Hopeful That Axonics (NASDAQ:AXNX) Will Use Its Cash Wisely

Sep 15

CEO Compensation Analysis

How has Ray Cohen's remuneration changed compared to Axonics's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$6m
Sep 30 2023	n/a	n/a	-US$12m
Jun 30 2023	n/a	n/a	-US$32m
Mar 31 2023	n/a	n/a	-US$46m
Dec 31 2022	US$5m	US$750k	-US$60m
Sep 30 2022	n/a	n/a	-US$76m
Jun 30 2022	n/a	n/a	-US$77m
Mar 31 2022	n/a	n/a	-US$80m
Dec 31 2021	US$6m	US$625k	-US$80m
Sep 30 2021	n/a	n/a	-US$76m
Jun 30 2021	n/a	n/a	-US$68m
Mar 31 2021	n/a	n/a	-US$63m
Dec 31 2020	US$1m	US$527k	-US$55m
Sep 30 2020	n/a	n/a	-US$66m
Jun 30 2020	n/a	n/a	-US$82m
Mar 31 2020	n/a	n/a	-US$81m
Dec 31 2019	US$6m	US$500k	-US$80m
Sep 30 2019	n/a	n/a	-US$67m
Jun 30 2019	n/a	n/a	-US$49m
Mar 31 2019	n/a	n/a	-US$39m
Dec 31 2018	US$1m	US$430k	-US$32m
Sep 30 2018	n/a	n/a	-US$28m
Jun 30 2018	n/a	n/a	-US$25m
Mar 31 2018	n/a	n/a	-US$20m
Dec 31 2017	US$605k	US$430k	-US$18m

Compensation vs Market: Ray's total compensation ($USD5.33M) is about average for companies of similar size in the US market ($USD6.59M).

Compensation vs Earnings: Ray's compensation has been consistent with company performance over the past year.

CEO

Ray Cohen (64 yo)

10.5yrs

Tenure

US$5,329,577

Compensation

Mr. Raymond W. Cohen, also known as Ray, is Venture Advisor of Andera Partners. He focuses on Life Sciences. He works within the Life Sciences team.He is CEO & Director of Axonics, Inc. from October 2013....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Raymond Cohen	CEO & Director	10.5yrs	US$5.33m	0.37% $ 12.8m
Rinda Sama	Chief Operating Officer	5.7yrs	US$2.68m	0.17% $ 5.7m
John Woock	Executive VP	5.8yrs	US$2.68m	0.15% $ 5.2m
Alfred Ford	Chief Commercial Officer	6.4yrs	US$2.17m	0.085% $ 2.9m
Kari Keese	Chief Financial Officer	less than a year	no data	0.085% $ 2.9m
Guangqiang Jiang	Chief Technology Officer	10.5yrs	no data	no data
Neil Bhalodkar	Vice President of Investor Relations	no data	no data	no data
Aaron Pettit	General Counsel & Chief Compliance Officer	no data	no data	no data
Michael Williamson	Senior VP	no data	no data	no data
Karen Noblett	Chief Medical Officer	6.5yrs	US$651.40k	0.068% $ 2.3m
Prabodh Mathur	Chief Product Development Officer	9.9yrs	no data	no data

6.5yrs

Average Tenure

51.5yo

Average Age

Experienced Management: AXNX's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Raymond Cohen	CEO & Director	10.5yrs	US$5.33m	0.37% $ 12.8m
Michael Carrel	Independent Chairman	5.2yrs	US$241.55k	0.035% $ 1.2m
Nancy Snyderman	Independent Director	5yrs	US$225.72k	0.039% $ 1.3m
David Demski	Independent Director	3.3yrs	US$213.22k	0.019% $ 645.1k
Robert McNamara	Independent Director	5.4yrs	US$230.72k	0.029% $ 1.0m
Jane Kiernan	Independent Director	5yrs	US$228.22k	0.039% $ 1.3m
Esteban Lopez	Independent Director	2.8yrs	US$218.22k	0.013% $ 446.1k

5.0yrs

Average Tenure

64yo

Average Age

Experienced Board: AXNX's board of directors are considered experienced (5 years average tenure).

Axonics Management

Management criteria checks 4/4

Key information

Recent management updates

Chief Commercial Officer exercised options and sold US$1.1m worth of stock

Insufficient new directors

Chief Medical Officer notifies of intention to sell stock

Axonics, Inc. Announces Chief Financial Officer Changes

Chief Commercial Officer notifies of intention to sell stock

President & CFO notifies of intention to sell stock

Recent updates

New minor risk - Shareholder dilution

Medtronic Files Itc Action Against Axonics to Stop Unauthorized Use of Medtronic Innovations

Full year 2023 earnings: EPS exceeds analyst expectations

Chief Commercial Officer exercised options and sold US$1.1m worth of stock

Insufficient new directors

BBoston Scientific Corporation (NYSE:BSX) entered into a definitive agreement to acquire Axonics, Inc. (NasdaqGS:AXNX) from a group of shareholders for $3.6 billion.

BBoston Scientific Corporation (NYSE:BSX) entered into a definitive agreement to acquire Axonics, Inc. (NasdaqGS:AXNX) from a group of shareholders for $3.6 billion.

Boston Scientific Corporation (NYSE:BSX) entered into a definitive agreement to acquire Axonics, Inc. (NasdaqGS:AXNX) for $3.7 billion.

Chief Medical Officer notifies of intention to sell stock

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Axonics, Inc. Updates Revenue Guidance for the Fiscal Year 2023

Axonics, Inc. to Report Q3, 2023 Results on Oct 30, 2023

Axonics, Inc. Announces Chief Financial Officer Changes

Chief Commercial Officer notifies of intention to sell stock

Forecast breakeven date moved forward to 2024

Axonics, Inc. Revises Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

A Look At The Fair Value Of Axonics, Inc. (NASDAQ:AXNX)

Axonics, Inc.'s (NASDAQ:AXNX) Earnings Haven't Escaped The Attention Of Investors

Consensus estimates of losses per share improve by 37%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

President & CFO notifies of intention to sell stock

Now 20% undervalued after recent price drop

Is Axonics, Inc. (NASDAQ:AXNX) Trading At A 21% Discount?

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2022 earnings: EPS exceeds analyst expectations

Here's Why We're Not At All Concerned With Axonics' (NASDAQ:AXNX) Cash Burn Situation

Chief Operating Officer notifies of intention to sell stock

Now 21% undervalued after recent price drop

Executive VP exercised options and sold US$705k worth of stock

Axonics Receives FDA Approval for Fourth-Generation Rechargeable Sacral Neuromodulation System

Chief Commercial Officer exercised options and sold US$1.9m worth of stock

Axonics, Inc. Provides Revenue Guidance for 2023

Forecast to breakeven in 2025

Axonics, Inc. to Report Fiscal Year 2022 Results on Jan 11, 2023

Independent Director recently sold US$135k worth of stock

Axonics, Inc. Receives Health Canada Approval for Fourth-Generation Rechargeable Sacral Neuromodulation System

Is Axonics, Inc. (NASDAQ:AXNX) Trading At A 32% Discount?

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Axonics, Inc. Updates Revenue Guidance for the Year 2022

Axonics, Inc. to Report Q3, 2022 Results on Oct 31, 2022

Axonics stock falls 5.6% after Needham downgrades rating

Chief Technology Officer notifies of intention to sell stock

Executive VP exercised options and sold US$551k worth of stock

Chief Medical Officer recently sold US$748k worth of stock

Axonics Announces First Patient Implants in Canada with New Recharge-Free Sacral Neuromodulation System

Axonics Stock Is A Buy Amid Current Capex Cycle

Executive VP notifies of intention to sell stock

Chief Operating Officer notifies of intention to sell stock

Consensus estimates of losses per share improve by 13%

Axonics prices stock offering of 1.75M shares

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Companies Like Axonics (NASDAQ:AXNX) Can Afford To Invest In Growth

Axonics, Inc. Updates Revenue Guidance for the Year of 2022

Axonics, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Independent Director notifies of intention to sell stock

Axonics, Inc. Files PMA Supplement with FDA for Fourth Generation Rechargeable Neurostimulator

Axonics: A Strong Medical Device Play With Significant Revenue Growth Opportunities

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Axonics, Inc. Updates Revenue Guidance for the Fiscal Year 2022

Axonics, Inc. Announces Comprehensive Launch of the Axonics F15™ Recharge-Free Sacral Neuromodulation System

Axonics (NASDAQ:AXNX) Is In A Strong Position To Grow Its Business

Axonics, Inc., Annual General Meeting, May 25, 2022

Axonics, Inc. to Report Q1, 2022 Results on May 05, 2022

Independent Director notifies of intention to sell stock

High number of new directors

Chief Medical Officer recently sold US$774k worth of stock

Axonics® Receives FDA Approval for Recharge-Free Sacral Neuromodulation System