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InspireMD Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-04 12:00
Core Insights - InspireMD, Inc. successfully launched its CGuard Prime carotid stent system in the U.S., contributing to record quarterly revenue growth [1][2] - The company reported a 39% increase in total revenue for Q3 2025, reaching $2.5 million compared to $1.8 million in Q3 2024 [3] - Despite revenue growth, the company experienced a net loss of $12.7 million for Q3 2025, compared to a net loss of $7.9 million in the same period last year [7] Business Highlights - The U.S. commercial launch of the CGuard Prime system has shown strong demand, with over 100 procedures completed across leading hospitals [9] - The company raised $58 million in gross proceeds, enhancing its ability to expand its commercial team and operations [2] Financial Performance - U.S. revenue for Q3 2025 was $497,000, while international revenue was $2.0 million, driven by the CGuard Prime launch and increased market penetration [3] - Gross profit for Q3 2025 was $864,000, an increase from $414,000 in Q3 2024, attributed to higher margin revenue from the U.S. launch [4] - Total operating expenses rose by 57% to $13.9 million in Q3 2025, primarily due to increased headcount and infrastructure costs [5] Financial Metrics - Financial income for Q3 2025 decreased by 40% to $343,000 compared to $572,000 in Q3 2024 [6] - Cash and cash equivalents as of September 30, 2025, were $63.4 million, up from $34.6 million at the end of 2024 [7] - The weighted average number of ordinary shares used in computing net loss per share was 73,466,501 for Q3 2025 [14]
InspireMD to Announce Third Quarter 2025 Financial Results
Globenewswire· 2025-10-21 20:05
Core Insights - InspireMD, Inc. will release its third quarter 2025 financial results on November 4, 2025, and will host a conference call and webcast at 8:30 a.m. Eastern Time to discuss these results and recent highlights [1]. Company Overview - InspireMD, Inc. is focused on developing the CGuard® Prime carotid stent system aimed at preventing strokes [1]. - The company utilizes its proprietary MicroNet™ mesh technology to establish its products as the industry standard for carotid stenting, emphasizing outstanding acute results and durable, stroke-free long-term outcomes [2]. Investor Information - Interested parties can access the live earnings call via telephone or through a live webinar on InspireMD's website, with a replay available shortly after the call [2]. - The company's common stock is traded on Nasdaq under the ticker symbol NSPR [2].
InspireMD Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-05 12:00
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]