InspireMD Reports Second Quarter 2025 Financial Results

Core Insights - InspireMD, Inc. has achieved significant milestones, including FDA approval for its CGuard Prime carotid stent system and the commencement of its commercial rollout in the U.S. [3][10] - The company raised $58 million in gross proceeds, indicating strong investor confidence in its growth potential [3][10] Financial Results for Q2 2025 - Total revenue for Q2 2025 increased by $39,000, or 2.3%, to $1,778,000 compared to $1,739,000 in Q2 2024, driven by the adoption of CGuard technology [4] - Gross profit decreased by $18,000, or 5.4%, to $313,000 from $331,000 in Q2 2024 [5] - Total operating expenses rose by $4,741,000, or 55.2%, to $13,332,000 compared to $8,591,000 in Q2 2024, primarily due to increased salaries and costs associated with the U.S. sales force expansion [6] - Net loss for Q2 2025 was $13,151,000, or $0.26 per share, compared to a net loss of $7,909,000, or $0.22 per share, in Q2 2024 [8] Financial Results for the First Half of 2025 - Revenue for the first half of 2025 increased by $57,000, or 1.8%, to $3,307,000 from $3,250,000 in the same period of 2024 [11] - Gross profit for the first half decreased by $18,000, or 2.8%, to $605,000 compared to $623,000 in the first half of 2024 [12] - Total operating expenses for the first half increased by $8,787,000, or 53.9%, to $25,084,000 compared to $16,297,000 in the same period of 2024 [13] - Net loss for the first half totaled $24,317,000, or $0.48 per share, compared to a net loss of $14,941,000, or $0.43 per share, for the same period in 2024 [15] Business Developments - The company received PMA approval from the FDA for the CGuard Prime carotid stent system and commenced its commercial launch in the U.S. [10] - InspireMD also received CE Mark approval for CGuard Prime EPS under the European Medical Device Regulation, with plans for a launch in Q3 [10] - The leadership team was strengthened with the appointment of Mike Lawless as CFO and the addition of Raymond W. Cohen to the Board of Directors [10]