Nyxoah SA Files 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>Nyxoah SA has submitted its 20-F annual report detailing its 2023 financial performance and operations.</b>

AI Summary

Nyxoah SA (NYXH) filed a Foreign Annual Report (20-F) with the SEC on March 20, 2024. Nyxoah SA filed its annual 20-F report for the fiscal year ending December 31, 2023. The filing covers the company's consolidated financial statements and operations. Key dates related to share-based payment arrangements and major ordinary share transactions are noted. The report details various financial reserves, including share-based payments and accumulated other comprehensive income. The company's business address is Rue Edouard Belin 12, Mont-Saint-Guibert, Belgium.

Why It Matters

For investors and stakeholders tracking Nyxoah SA, this filing contains several important signals. This 20-F filing provides a comprehensive overview of Nyxoah SA's financial health and strategic positioning for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The detailed financial data and disclosures within the 20-F are essential for regulatory compliance and for providing transparency to the market regarding the company's operations, including share-based compensation and financial reserves.

Risk Assessment

Risk Level: medium — Nyxoah SA shows moderate risk based on this filing. The filing is a standard annual report (20-F) which typically contains a broad range of financial and operational information, but lacks specific forward-looking financial performance metrics or significant event disclosures that would indicate immediate high risk or reward.

Analyst Insight

Review the detailed financial statements and risk factors within the 20-F to understand Nyxoah SA's financial position and operational landscape for 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-03-20 — Filing Date (Date the 20-F was filed)
• 183 — Public Document Count (Number of documents in the filing)

Key Players & Entities

• Nyxoah SA (company) — Filer of the 20-F report
• Rue Edouard Belin 12 (location) — Business address of Nyxoah SA
• Mont-Saint-Guibert (location) — City of Nyxoah SA's business address
• 1435 (location) — ZIP code of Nyxoah SA's business address
• 3210222355 (phone_number) — Business phone number of Nyxoah SA

FAQ

Risk Factors

• Financial Reserves [medium — financial]: The filing mentions various financial reserves such as ReserveOfSharebasedPaymentsMember, ReserveOfRemeasurementsOfDefinedBenefitPlansMember, and AccumulatedOtherComprehensiveIncomeMember for multiple fiscal years.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 20-F filing.
• 2024-03-20: Filing Date — The date Nyxoah SA submitted its 20-F report to the SEC.

Glossary

20-F

An annual report required by the U.S. Securities and Exchange Commission (SEC) for foreign private issuers. (Provides comprehensive financial and operational information about Nyxoah SA for the fiscal year 2023.)

Share-based Payments

Compensation provided to employees in the form of stock options, restricted stock, or other equity-based awards. (The filing specifically mentions reserves related to share-based payments, indicating their significance in the company's compensation structure.)

Filing Documents

• nyxh-20231231x20f.htm (20-F) — 5233KB
• nyxh-20231231xex1d1.htm (EX-1.1) — 88KB
• nyxh-20231231xex2d2.htm (EX-2.2) — 72KB
• nyxh-20231231xex4d11.htm (EX-4.11) — 12KB
• nyxh-20231231xex4d12.htm (EX-4.12) — 11KB
• nyxh-20231231xex8d1.htm (EX-8.1) — 8KB
• nyxh-20231231xex12d1.htm (EX-12.1) — 8KB
• nyxh-20231231xex12d2.htm (EX-12.2) — 9KB
• nyxh-20231231xex13d1.htm (EX-13.1) — 5KB
• nyxh-20231231xex13d2.htm (EX-13.2) — 5KB
• nyxh-20231231xex15d1.htm (EX-15.1) — 4KB
• nyxh-20231231xex97d1.htm (EX-97.1) — 35KB
• nyxh-20231231x20f001.jpg (GRAPHIC) — 23KB
• nyxh-20231231x20f002.jpg (GRAPHIC) — 25KB
• nyxh-20231231x20f003.jpg (GRAPHIC) — 19KB
• nyxh-20231231x20f004.jpg (GRAPHIC) — 28KB
• nyxh-20231231x20f005.jpg (GRAPHIC) — 42KB
• 0001104659-24-036688.txt (&nbsp;) — 20608KB
• nyxh-20231231.xsd (EX-101.SCH) — 206KB
• nyxh-20231231_cal.xml (EX-101.CAL) — 97KB
• nyxh-20231231_def.xml (EX-101.DEF) — 457KB
• nyxh-20231231_lab.xml (EX-101.LAB) — 1099KB
• nyxh-20231231_pre.xml (EX-101.PRE) — 854KB
• nyxh-20231231x20f_htm.xml (XML) — 4216KB

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 149 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 150 A. Debt Securities 150 B. Warrants and Rights 150 C. Other Securities 150 D. American Depositary Shares 150 PART II 151 Item 13. Defaults, Dividend Arrearages and Delinquencies 151 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 151 Item 15.

Controls and Procedures

Controls and Procedures 151 A. Disclosure Controls and Procedures 151 B. Management's Annual Report on Internal Control over Financial Reporting 151 C. Attestation Report of the Registered Public Accounting Firm 152 D. Changes in Internal Control Over Financial Reporting 153 Item 16A. Audit Committee Financial Expert 153 Item 16B. Code of Ethics 153 Item 16C. Principal Accountant Fees and Services 154 Item 16D. Exemptions From the Listing Standards For Audit Committees 155 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 155 Item 16F. Change in the Registrant's Certifying Accountant 155 Item 16G. Corporate Governance 155 Item 16H. Mine Safety Disclosure 156 Item 16I. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 156 PART III 158 Item 17.

Financial Statements

Financial Statements 158 Item 18.

Financial Statements

Financial Statements 158 Item 19. Exhibits 158 ii Table of Contents GENERAL INFORMATION In this annual report on Form 20-F, or Annual Report, "Nyxoah," "Nyxoah," the "Company," "we," "us" and "our" refer to Nyxoah SA and its consolidated subsidiaries, except where the context otherwise requires. "Nyxoah," the Nyxoah logo, Genio and other trademarks or service marks of Nyxoah appearing in this Annual Report are the property of Nyxoah or its subsidiaries. Solely for convenience, the trademarks, service marks and trade names referred to in this Annual Report are listed without the and symbols, but such references should not be construed as any indicator that their respective owners will not assert, to the fullest extent under applicable law, their right thereto. All other trademarks, trade names and service marks appearing in this Annual Report are the property of their respective owners. We do not intend to use or display other companies' trademarks and trade names to imply any relationship with, or endorsement or sponsorship of us by, any other companies. PRESENTATION OF FINANCIAL AND OTHER DATA The consolidated financial statement data as at December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021 have been derived from our consolidated financial statements, which have been prepared in accordance with International Financial Reporting Standards, or IFRS, as issued by the International Accounting Standards Board, or IASB. Our financial statements included in this Annual Report are presented in Euros and, unless otherwise specified, all monetary amounts are in Euros. All references in this Annual Report to "

Identity of Directors, Senior Management and Advisers

Item 1. Identity of Directors, Senior Management and Advisers Not Applicable.

Offer Statistics and Expected Timetable

Item 2. Offer Statistics and Expected Timetable Not Applicable.

Key Information

Item 3. Key Information A. [Reserved] B. Capitalization and Indebtedness Not Applicable. C. Reasons for the Offer and Use of Proceeds Not Applicable. 3 Table of Contents D. Risk Factors Our business has significant risks. You should carefully consider the risks and uncertainties described below, together with all of the other information in this Annual Report, including the matters addressed in the section of the Annual Report entitled "Information Regarding Forward-Looking Statements" and in our consolidated financial statements and related notes, before deciding whether to purchase our ordinary shares. If any of the following risks are realized, our business, financial condition, operating results and prospects could be materially and adversely affected. In that event, the market price of our ordinary shares could decline, and you could lose part or all of your investment. Additional risks and uncertainties not currently known to us or that we now deem immaterial may also harm us and adversely affect our business, results of operations and financial condition. Summary of Risk Factors An investment in our ordinary shares is subject to a number of risks, including risks related to our business and industry, risks related to development of our product candidates, and risks related to our ordinary shares. The following summarizes some, but not all, of these risks. Please carefully consider all of the information discussed in "Item 3. Key Information—D. Risk Factors" in this Annual Report for a more thorough description of these and other risks. Risks Associated With Our Business We have a limited operating history, have incurred losses in each period since our inception and may not be able to achieve or maintain profitability in the future. Our future financial performance depends on the commercial acceptance of the Genio system in target markets. We will require additional capital in the future, which may not be available to us on commercially favor

View Full Filing

View this 20-F filing on SEC EDGAR