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AirXpanders, Appendix 4C - Quarterly Cash Flow Report and Business Update

Highlights for the quarter ended 30 September 2017

• Revenue increased to US$1.2 million compared to US$0.2 million in Q3 2016; driven primarily by U.S. sales growth

• U.S. unit sales grew 108% compared to Q2 2017

• AeroForm® available in more than one hundred and twenty (120) hospitals across the US

• Third party contract manufacturer in Costa Rica validated and on-line for higher capacity production

• Closed US$15 million minimally-dilutive debt agreement with Oxford

• Cash and short-term investments balance as of 30 September 2017 of US$30.8 million

Palo Alto, CA, United States – AirXpanders, Inc. (ASX:AXP), a medical device company focused on the design, manufacture, sale and distribution of the AeroForm® Tissue Expander System, today released its Appendix 4C – Quarterly Cash Flow report for the quarter ended 30 September 2017.


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