Venus Concept Announces Second Quarter 2025 Financial Results
Globenewswire· 2025-08-14 20:05
Core Insights - Venus Concept Inc. reported financial results for Q2 2025, showing a total revenue of $15.7 million, which is a 5% decrease year-over-year but a 15% increase quarter-over-quarter [5][6] - The company experienced a 20% growth in total systems and subscription sales quarter-over-quarter, with U.S. revenue increasing by 5% year-over-year [3][5] - The company is focusing on cash burn management and strategic initiatives to enhance long-term growth, including the sale of its Venus Hair business for $20 million [3][5] Financial Performance - Total revenue for Q2 2025 was $15.7 million, down from $16.6 million in Q2 2024, with U.S. revenue increasing by $0.4 million to $9.7 million [5][6] - Gross profit decreased by 20% to $9.4 million, with a gross margin of 60.1%, down from 71.5% in the prior year [8] - Operating expenses rose by 6% to $18.5 million, driven by increases in general and administrative and selling and marketing expenses [9] Losses and Adjusted EBITDA - The net loss for Q2 2025 was $11.7 million, or $8.03 per share, compared to a net loss of $20.0 million, or $30.93 per share, in Q2 2024 [11] - Adjusted EBITDA loss for Q2 2025 was $8.8 million, worsening from a loss of $4.1 million in the same quarter last year [11][28] Cash Position and Debt - As of June 30, 2025, the company had cash and cash equivalents of $4.9 million and total debt obligations of approximately $34.3 million, down from $39.7 million at the end of 2024 [12] - The company has made efforts to enhance its balance sheet through various financing transactions, including raising $3.9 million in gross proceeds from equity capital transactions [3][12] Strategic Initiatives - The company announced a definitive agreement to sell its Venus Hair business for $20 million, aiming to focus on its core medical aesthetics business [3][5] - Management emphasized the importance of disciplined cost management and targeted investments to support long-term growth [3]
Elutia Delivers Robust Growth on the Strength of EluPro™ Market Adoption
Globenewswire· 2025-08-14 20:05
Core Insights - Elutia Inc. reported a significant revenue increase for its EluPro product, with a 49% sequential growth in Q2 2025 and a 33% year-over-year increase in total BioEnvelope sales, reaching $3.5 million [2][5][6] - The company is advancing its next-generation drug-eluting biomatrix, NXT-41, targeting a $1.5 billion market for breast reconstruction, with initial product launch planned for the second half of 2026 [2][4] Business Highlights - EluPro has become the preferred choice in cardiac implantable electronic device procedures, expanding into over 160 VAC-approved hospitals and growing its customer base more than 15 times since launch [4][6] - The average sales per EluPro customer were 130% higher than those for the legacy CanGaroo platform, indicating stronger market penetration [6] - Elutia has received two awards for innovation and product launches, and has published five peer-reviewed articles on EluPro, showcasing its scientific leadership [6] Financial Performance - For Q2 2025, Elutia's overall net sales were $6.3 million, nearly unchanged from Q2 2024, with a gross margin of 48.8%, up from 44.5% [9][15] - The company reported a net loss of $9.6 million for Q2 2025, a significant improvement compared to a net loss of $28.2 million in the same period of the previous year [9][15] - Adjusted EBITDA for Q2 2025 was a loss of $3.8 million, compared to a loss of $2.6 million in Q2 2024 [9][18] Market Access and Growth Strategy - Elutia's distribution strategy includes a partnership with Boston Scientific and a focus on expanding access through national GPO contracts and VAC approvals [2][4] - The company regained direct control of its cardiovascular product sales, generating $736K in revenue in the first partial quarter of direct sales [6] Litigation and Financial Position - Elutia has resolved 97 out of 110 cases related to FiberCel litigation, significantly reducing expected litigation expenses [6] - As of June 30, 2025, the company had a cash balance of $8.5 million, down from $13.2 million a year earlier [9][13]
Martin Marietta Increases Quarterly Cash Dividend
Globenewswire· 2025-08-14 20:05
Core Points - Martin Marietta Materials, Inc. announced an increase in its quarterly cash dividend from $0.79 to $0.83 per share, resulting in an annualized cash dividend of $3.32 per share, payable on September 30, 2025 [1] - This marks the tenth consecutive annual dividend increase for the company, highlighting its disciplined capital allocation and commitment to shareholder value [2] - The company emphasizes its aggregates-led business model, operational excellence, and strong financial position, which contribute to its free cash flow generation [2] Company Overview - Martin Marietta is a leading supplier of building materials, including aggregates, cement, ready mixed concrete, and asphalt, operating across 28 states, Canada, and The Bahamas [2] - The company also has a Magnesia Specialties business that provides high-purity magnesia and dolomitic lime products for various applications worldwide [2]
ImmuCell Announces Unaudited Financial Results for the Quarter Ended June 30, 2025
Globenewswire· 2025-08-14 20:05
Core Insights - ImmuCell Corporation reported significant improvements in financial performance for the second quarter and six-month period ended June 30, 2025, including a net income of approximately $502,000 for the quarter and $1.9 million for the six months, contrasting with net losses in the same periods of 2024 [4][8]. Product Sales Highlights - Product sales for the second quarter of 2025 increased by 18% to approximately $6.4 million compared to the same quarter in 2024 [7]. - For the six-month period ended June 30, 2025, product sales rose by 14% to approximately $14.5 million compared to the same period in 2024 [7]. - Over the twelve-month period ended June 30, 2025, product sales increased by 22% to approximately $28.3 million compared to the previous year [7]. Financial Performance - Gross margin improved to 44% for the three-month period and 43% for the six-month period ended June 30, 2025, compared to 22% and 28% respectively in 2024 [8]. - Adjusted EBITDA improved to approximately $1.4 million, $3.7 million, and $5.3 million for the three-month, six-month, and twelve-month periods ended June 30, 2025, respectively [8][16]. Balance Sheet Strength - Cash and cash equivalents increased to approximately $6.0 million as of June 30, 2025, up from $3.8 million at the end of 2024 [8][14]. - Net working capital rose to approximately $12.7 million as of June 30, 2025, compared to $10.6 million at the end of 2024 [8][14]. - Stockholders' equity increased to approximately $29.9 million as of June 30, 2025, from $27.5 million at the end of 2024 [9]. Strategic Initiatives - The company has eliminated the backlog of orders as of June 30, 2025, and is building inventory to meet customer demand for the peak selling season [4]. - ImmuCell has initiated Investigational Product use for Re-Tain to collect market feedback on product performance during the second half of 2025 and into early 2026 [4].
Innventure Reports Second Quarter 2025 Results
Globenewswire· 2025-08-14 20:05
Core Insights - Innventure, Inc. reported a strong performance in the second quarter of 2025, with expectations for continued revenue growth in the latter half of the year [3] - The company highlighted significant advancements in its operating companies, including Accelsius, AeroFlexx, and Refinity, which are positioned for market success [3] - Innventure aims to unlock value from its technology solutions pipeline, which is currently underappreciated in the market [3] Financial Performance - For the quarter ended June 30, 2025, Innventure generated revenue of $476 million, a substantial increase from $223 million in the same quarter of 2024 [20] - The total operating expenses for the quarter were $143.05 million, compared to $11.51 million in the same quarter of the previous year [20] - The net loss for the quarter was $141.275 million, compared to a loss of $11.314 million in the same quarter of 2024 [20] Company Developments - Accelsius has strengthened its market position with new deployments at major facilities, achieving industry-leading thermal milestones with its NeuCool technology [3] - AeroFlexx achieved its fourth consecutive quarter of revenue generation and received Critical Guidance Recognition for recyclability from the Association of Plastic Recyclers [3] - Refinity has engaged an engineering, procurement, and construction partner for its first plant design, marking a significant milestone for the company [3] Strategic Outlook - The CEO of Innventure expressed confidence that the remainder of 2025 will be an inflection point for revenue growth across the enterprise [3] - The company is focused on delivering long-term value for shareholders and believes that the progress made across its operating companies is just the beginning [3] - Innventure has a high-quality pipeline of technology solutions from multinational corporations, which it plans to leverage for future growth [3]
RxSight, Inc. to Present at the Wells Fargo Healthcare Conference
Globenewswire· 2025-08-14 20:05
Company Overview - RxSight, Inc. is an ophthalmic medical device company focused on providing high-quality customized vision for patients after cataract surgery [3] - The company offers the RxSight Light Adjustable Lens system, which includes the RxSight Light Adjustable Lens (LAL/LAL+), Light Delivery Device (LDD™), and accessories, representing the first and only commercially available intraocular lens technology that can be adjusted post-surgery [3] Upcoming Events - RxSight's management is scheduled to present at the Wells Fargo Healthcare Conference in Boston on September 4, 2025, at 7:15 a.m. Pacific Time / 10:15 a.m. Eastern Time [2] - A live and archived webcast of the presentation will be available on the company's investor relations website [2]
TILT Holdings Reports Second Quarter 2025 Results
Globenewswire· 2025-08-14 20:05
Core Viewpoint - TILT Holdings Inc. is undergoing a strategic transformation to become a focused, asset-light business centered on its Jupiter platform, with key milestones achieved in regulatory approvals and management agreements, while also planning to exit plant-touching operations in Ohio and Massachusetts [2][3]. Financial Summary - Revenue from continuing operations, excluding Ohio and Massachusetts, was $10.5 million for Q2 2025, down from $19.0 million in the prior year, primarily due to lower revenue from the Jupiter segment and macroeconomic pressures [4]. - Gross profit from continuing operations was $1.8 million, with a gross margin of 17.4%, compared to $3.6 million and 18.9% in the prior year, reflecting price compression and a shift in product mix [4]. - Net loss from continuing operations was $9.2 million, an improvement from a net loss of $16.6 million in the prior year, driven by decreased income tax expense and operating expenses [4]. - Adjusted EBITDA from continuing operations was $(2.0) million, compared to $(1.2) million in Q2 2024, attributed to lower gross profit [4]. - Cash flow from continuing operations was $4.4 million for the period, compared to $2.1 million cash used in the same period last year [4]. Operational Highlights - The company received regulatory approval for a retail transaction in Massachusetts and entered a management services agreement with MariMed for Standard Farms Pennsylvania [9]. - TILT achieved EU MDR certification for its QMID™ handheld vaporizer, positioning it for expansion in global medical markets [9]. - New product SKUs were soft-launched to broaden the product portfolio and meet customer needs [9]. - The company received a $3.5 million refund related to the Employee Retention Credit from the IRS [9]. Strategic Focus - The planned exit from U.S. plant-touching operations in Massachusetts and Ohio is a significant strategic shift, qualifying these assets for reporting as discontinued operations [3]. - The transition to a commission-based model for certain customers is part of the strategy to simplify operations and improve capital efficiency [2][4]. Cash Position - As of June 30, 2025, the company had $2.0 million in cash and cash equivalents, down from $2.9 million at the end of 2024 [4].
Nasus Pharma Announces Closing of Initial Public Offering
Globenewswire· 2025-08-14 20:05
TEL AVIV, Israel, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Nasus Pharma Ltd. (NYSE: NSRX) (“Nasus Pharma” or the “Company”), a clinical-stage pharmaceutical company focused on the development of innovative intranasal products to treat emergency medical conditions, today announced the closing of its initial public offering of 1,250,000 ordinary shares (“Ordinary Shares”) at a public offering price of $8.00 per Ordinary Share. The gross proceeds of the offering were $10 million, prior to deducting underwriting disco ...
SL Green Realty Corp. to Present at the BofA Securities 2025 Global Real Estate Conference on September 10, 2025
Globenewswire· 2025-08-14 20:05
Core Insights - SL Green Realty Corp. will participate in a roundtable discussion at the BofA Securities 2025 Global Real Estate Conference on September 10, 2025 [1] - The discussion will feature key executives including the CFO, CIO, and Executive Vice President [1] - The event will be webcasted, and presentation materials will be available on the company's website [2] Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) [3] - As of June 30, 2025, the company held interests in 53 buildings totaling 30.7 million square feet, including 27.2 million square feet of Manhattan properties [3] - The company also has 2.7 million square feet securing debt and preferred equity investments [3]
CAMP4 Reports Second Quarter 2025 Financial Results and Corporate Highlights
Globenewswire· 2025-08-14 20:05
Core Insights - CAMP4 Therapeutics presented positive translational data from its SYNGAP1-related disorders program, demonstrating efficacy in a humanized mouse model and increased protein levels in non-human primates at the ASGCT Annual Meeting [1][7] - The company reported a net loss of $12.6 million for Q2 2025, consistent with the loss from the same quarter in 2024 [8][13] - CAMP4 is advancing its CMP-SYNGAP-01 program with plans to initiate GLP toxicology studies in Q3 2025 and a potential global Phase 1/2 clinical trial in SYNGAP patients in H2 2026 [2][6] Corporate Highlights - The company has a strong pipeline focused on regulatory RNA-targeting therapeutics aimed at treating genetic diseases [1][9] - CMP-CPS-001 is being developed as a first-in-class, disease-modifying therapy for common urea cycle disorders (UCDs), with safety and biomarker data expected in Q4 2025 [2][6] Financial Results - As of June 30, 2025, CAMP4 had cash, cash equivalents, and marketable securities totaling $39.1 million, down from $49.3 million as of March 31, 2025 [4][13] - Research and development expenses for Q2 2025 were $10.3 million, an increase from $9.4 million in Q2 2024, primarily due to higher clinical and preclinical study costs [4][13] - General and administrative expenses rose to $4.2 million in Q2 2025 from $3.3 million in Q2 2024, driven by increased personnel-related and overhead costs [5][13]