Financial Position - As of September 30, 2025, cash and cash equivalents totaled $3.8 million, an increase from $3.1 million as of December 31, 2024[4]. - Total assets increased to $8.16 million as of September 30, 2025, from $4.09 million as of December 31, 2024[18]. - Total liabilities decreased to $1.06 million as of September 30, 2025, from $6.27 million as of December 31, 2024[18]. Revenue and Expenses - Product revenue from fire safety equipment sales was $81,000 for the three months ended September 30, 2025, compared to $0 for the same period in 2024[5][16]. - Cost of sales related to fire safety equipment was $64,000 for the three months ended September 30, 2025[6][16]. - Research and development expenses were $0 for the three months ended September 30, 2025, down from $1.0 million for the same period in 2024[7]. - General and administrative expenses decreased by approximately $0.2 million from $1.2 million for the three months ended September 30, 2024, to $1.0 million for the same period in 2025[8]. - Net loss for the three months ended September 30, 2025, was $1.0 million, compared to a net loss of $2.0 million for the same period in 2024[10]. Corporate Actions - Following the acquisition of Fitters Sdn. Bhd., the company now has a 19.99% ownership interest in Fitters Parent[3]. - The company declared a quarterly cash dividend of $0.15 per share on its 6% Convertible Exchangeable Preferred Stock, paid on November 1, 2025[11].
Cyclacel Pharmaceuticals, Inc.(CYCCP) - 2025 Q3 - Quarterly Results