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CapsoVision to Participate in the Benchmark 14th Annual Discovery Investor Conference
Globenewswire· 2025-11-20 21:05
Core Insights - CapsoVision, Inc. is participating in the Benchmark 14th Annual Discovery One-on-One Investor Conference on December 4, 2025, in New York City, with key executives attending [1][2] Company Overview - CapsoVision is a commercial-stage medical technology company focused on advanced imaging and AI-enabled solutions for gastrointestinal disease detection and diagnosis [3] - The flagship product, CapsoCam Plus®, is a wire-free, panoramic capsule endoscope that provides high-resolution visualization of the small bowel and supports cloud-based or direct video retrieval [3] - The upcoming product, CapsoCam Colon™, features enhanced AI for non-invasive colon imaging and polyp detection, with plans to expand across multiple gastrointestinal indications [3]
CapsoVision Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-13 21:05
Core Insights - CapsoVision, Inc. reported a strong third quarter for 2025, with significant growth in revenue and product uptake, particularly for its CapsoCam Plus® endoscopy capsule [3][4][8] - The company is pursuing Breakthrough Device Designation from the FDA for its endoscopy capsule aimed at early-stage pancreatic cancer detection, highlighting its commitment to addressing unmet medical needs [3][8] - CapsoVision is advancing its artificial intelligence capabilities with the development of a next-generation analytics engine for capsule endoscopy, with regulatory submissions planned for late 2025 [3][8] Financial Performance - Total revenue for Q3 2025 was $3.5 million, representing a 19% increase compared to Q3 2024, driven by higher sales of CapsoCam Plus capsules [4][8] - Gross profit reached $1.9 million, a 16% increase from the previous year, with a gross margin of 54%, slightly down from 56% in Q3 2024 [4][8] - Operating expenses increased to $9.9 million, up $2.5 million from Q3 2024, primarily due to development costs and higher general and administrative expenses [5][8] Cash Position - As of September 30, 2025, cash and cash equivalents totaled $17.8 million, an increase from $9.3 million at the end of 2024 [6][13] - The company completed an initial public offering in July 2025, generating net proceeds of $23.4 million after expenses [6][8] Product Development and Market Engagement - New accounts grew by 31% in Q3 2025 compared to the same quarter in 2024, indicating strong market engagement [8] - CapsoVision is collaborating with Canon Inc. to develop higher-resolution CMOS image sensors for future capsule endoscopes [3][8] - The company has initiated a clinical study for its new generation colon-capsule, further expanding its product pipeline [3][8] Leadership Changes - David Garcia was appointed as Senior Vice President of Finance, effective November 3, 2025, bringing extensive experience in financial oversight [3][8]
CapsoVision Submits Breakthrough Device Designation Application to FDA for Pancreatic Cancer Screening Capsule
Globenewswire· 2025-11-10 21:05
Core Insights - CapsoVision, Inc. has submitted an application to the FDA for Breakthrough Device Designation for its CapsoCam UGI capsule endoscopy system aimed at early detection of pancreatic ductal adenocarcinoma, a highly fatal cancer [1][5] - The CapsoCam UGI system is designed to expand the company's diagnostic capabilities beyond the small bowel, addressing significant challenges in gastroenterology [2][8] - Pancreatic ductal adenocarcinoma has a low five-year survival rate of only 8%, primarily due to late-stage diagnosis, highlighting the urgent need for effective early screening tools [2][6] Company Overview - CapsoVision is a commercial-stage medical technology company focused on advanced imaging and AI-enabled solutions for gastrointestinal disease detection [8] - The flagship product, CapsoCam Plus®, is a wire-free, panoramic capsule endoscope that provides high-resolution visualization of the small bowel [8] - The company is also developing CapsoCam Colon™, which aims to enhance non-invasive colon imaging and polyp detection [8] Industry Context - Pancreatic cancer is the third leading cause of cancer-related deaths in the U.S., despite representing only about 3% of all cancer cases [6] - Approximately 80% of pancreatic cancer diagnoses occur at advanced stages, limiting treatment options [6] - Current diagnostic methods are invasive and costly, lacking the sensitivity needed for early-stage detection, which underscores the need for innovative, non-invasive technologies [6][7]
CapsoVision Appoints David Garcia as Senior Vice President of Finance
Globenewswire· 2025-11-03 13:00
Core Insights - CapsoVision, Inc. has appointed David Garcia as Senior Vice President of Finance to support its growth phase [1][3] - Garcia brings over 20 years of financial leadership experience, including roles in corporate finance and capital markets [2] - The company aims to leverage Garcia's expertise in financial management and capital strategy to advance its development pipeline and achieve corporate milestones [3] Company Overview - CapsoVision is a commercial-stage medical technology company focused on advanced imaging and AI-enabled solutions for gastrointestinal disease detection and diagnosis [4] - The flagship product, CapsoCam Plus®, is a wire-free capsule endoscope that provides high-resolution visualization of the small bowel [4] - The upcoming product, CapsoCam Colon™, will enhance non-invasive colon imaging and polyp detection using advanced AI [4]
CapsoVision to Release Third Quarter 2025 Financial Results on Thursday, November 13, 2025
Globenewswire· 2025-10-30 20:05
Core Viewpoint - CapsoVision, Inc. is set to release its third quarter 2025 financial results on November 13, 2025, and will host a conference call to discuss these results and provide a corporate update [1]. Group 1: Financial Results Announcement - The company will announce its third quarter 2025 financial results after the market closes on November 13, 2025 [1]. - A conference call and live webcast will take place on the same day at 1:30 pm PT / 4:30 pm ET to discuss the results [1]. Group 2: Company Overview - CapsoVision is a commercial-stage medical technology company focused on advanced imaging and AI-enabled solutions for gastrointestinal disease detection and diagnosis [3]. - The flagship product, CapsoCam Plus®, is a wire-free, panoramic capsule endoscope that provides high-resolution visualization of the small bowel [3]. - The upcoming product, CapsoCam Colon, features enhanced AI for non-invasive colon imaging and polyp detection [3]. - The company aims to expand its proprietary platform across multiple gastrointestinal indications, including esophageal and pancreatic disorders [3].
CapsoVision to Participate in the 4th Annual ROTH Healthcare Opportunities Conference
Globenewswire· 2025-09-25 20:05
Core Viewpoint - CapsoVision, Inc. is actively participating in the 4th Annual ROTH Healthcare Opportunities Conference, highlighting its focus on advanced imaging and AI-enabled capsule endoscopy solutions [1] Company Overview - CapsoVision is a commercial-stage medical technology company dedicated to transforming the detection and diagnosis of gastrointestinal diseases through advanced imaging and AI solutions [3] - The flagship product, CapsoCam Plus®, is a wire-free, panoramic capsule endoscope that provides high-resolution visualization of the small bowel and supports cloud-based or direct video retrieval [3] - The upcoming product, CapsoCam Colon, features enhanced AI capabilities aimed at non-invasive colon imaging and polyp detection [3] - The company is developing a proprietary platform intended to expand across various gastrointestinal indications, including esophageal and pancreatic disorders [3]
CapsoVision Announces Closing of Initial Public Offering
Globenewswire· 2025-07-03 15:50
Core Viewpoint - CapsoVision, Inc. has successfully completed its initial public offering (IPO) of 5,500,000 shares at a price of $5.00 per share, raising gross proceeds of $27.5 million before expenses [1][2]. Company Overview - CapsoVision is a commercial-stage medical technology company focused on advanced imaging and AI technologies for capsule endoscopy solutions [1][4]. - The flagship product, CapsoCam Plus®, is a wire-free, panoramic capsule endoscope that provides high-resolution visualization of the small bowel [4]. - The company is developing a pipeline product, CapsoCam Colon, aimed at non-invasive colon imaging and polyp detection, with plans to expand across multiple gastrointestinal indications [4]. IPO Details - The shares began trading on the Nasdaq Capital Market under the ticker symbol "CV" on July 2, 2025 [1]. - The underwriters have a 30-day option to purchase an additional 825,000 shares at the IPO price [1]. - The offering was managed by The Benchmark Company, LLC and Roth Capital Partners [2]. Regulatory Information - A registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission (SEC) on July 1, 2025, allowing the offering to proceed [3].
CapsoVision Announces Pricing of Initial Public Offering
Globenewswire· 2025-07-02 01:08
Core Points - CapsoVision, Inc. has announced the pricing of its initial public offering (IPO) of 5,500,000 shares at $5.00 per share, with trading expected to begin on July 2, 2025 [1] - The offering is projected to generate gross proceeds of approximately $27.5 million before deducting underwriting discounts and commissions [2] - The company has granted underwriters a 30-day option to purchase an additional 825,000 shares at the IPO price [2] Company Overview - CapsoVision is a commercial-stage medical technology company focused on advanced imaging and AI technologies for capsule endoscopy solutions [1][4] - The flagship product, CapsoCam Plus®, is a wire-free capsule endoscope that provides high-resolution visualization of the small bowel [4] - The upcoming product, CapsoCam Colon, aims to facilitate non-invasive colon imaging and polyp detection, with plans to expand across various gastrointestinal indications [4]