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Femasys Announces Third Quarter Financial Results for 2025
Globenewswire· 2025-11-14 21:01
Core Insights - Femasys Inc. has achieved significant regulatory milestones, including FDA IDE approval for the final pivotal trial of FemBloc, which positions the company for potential U.S. FDA approval [3][5][19] - The company secured $12 million in financing, enhancing its balance sheet and extending its cash runway, with total potential funding of $58 million if all warrants are exercised [5][7] - Sales for the third quarter of 2025 increased by 31.4% to $729,394, driven primarily by FemBloc sales, while R&D expenses decreased significantly [6][12] Regulatory Approvals - Femasys received regulatory approvals for the complete FemBloc System in the U.K. and New Zealand, expanding access to this non-surgical permanent birth control option [3][5][19] - Initial commercial orders have been received from distribution partners in Spain and France, indicating early momentum in the European market [3][5] Financial Performance - For the third quarter of 2025, sales increased by $174,486 to $729,394 compared to the same period in 2024, primarily due to FemBloc [6] - R&D expenses decreased by 40.0% to $1,382,022, reflecting a shift towards commercialization and reduced costs [6] - The net loss for the third quarter was $4,194,821, or ($0.10) per share, an improvement from a net loss of $5,408,860, or ($0.24) per share, in the prior year [6] Cash Position - As of September 30, 2025, Femasys had approximately $4.6 million in cash and cash equivalents, with an accumulated deficit of approximately $141.9 million [7] - The company expects its current cash position, bolstered by recent financing, to fund operations into September 2026 [7] Strategic Partnerships - Femasys announced a partnership with Kebomed to commercialize FemBloc in France and the Benelux region, enhancing its distribution capabilities [5] - A partnership with Medical Electronic Systems LLC was established to provide the FemSperm™ Analysis Kit, further expanding the company's product offerings [5]
Femasys Advances Global Growth with Second Partner Order for FemBloc® in Europe
Globenewswire· 2025-11-10 14:00
Core Insights - Femasys Inc. has announced a significant initial order valued at approximately $500,000 for the commercial launch of FemBloc in France and the Benelux region, marking continued expansion in key European markets [1][2] - FemBloc is a non-surgical permanent contraceptive solution that addresses a significant unmet need in women's reproductive health, utilizing a patented delivery system to occlude fallopian tubes without the risks associated with surgical procedures [2][4] Company Overview - Femasys is a biomedical innovator focused on making fertility and non-surgical permanent birth control more accessible and cost-effective for women globally, with a broad patent-protected portfolio of products [3] - The company is actively commercializing its lead product innovations in the U.S. and key international markets, including FemSeed and FemVue, which have shown high effectiveness and patient satisfaction [3] Product Details - FemBloc is the first and only non-surgical, in-office alternative to surgical sterilization, receiving full regulatory approval in Europe, the UK, and New Zealand in 2025 [4] - The product is designed to be cost-effective, convenient, and significantly safer than traditional surgical options, with no anesthesia, incisions, or recovery time required [2][4] Strategic Partnerships - Femasys has partnered with Kebomed, a leading distributor in Europe, to facilitate the introduction of FemBloc in France and the Benelux region, reflecting a strategic approach to market access and women's healthcare advancement [2][6] - Kebomed has a strong presence across Europe and has been focused on women's health, enhancing its portfolio through partnerships with innovators in minimally invasive gynecology [6][7]
Femasys Secures FDA Approval to Advance Final FemBloc® Trial Phase and $12 Million Financing, with Potential to Reach $58 Million
Globenewswire· 2025-11-03 13:30
Core Insights - Femasys Inc. has received FDA Investigational Device Exemption (IDE) approval to continue enrollment in the final phase of the FINALE pivotal trial for FemBloc, a non-surgical permanent birth control solution, marking a significant step towards potential U.S. Pre-Market Approval (PMA) [1][2] - The company has secured $12 million in senior secured convertible notes, with total potential proceeds of $58 million if all warrants are exercised, indicating strong investor confidence in Femasys' mission to enhance women's health [1][2] Company Developments - The successful completion of Part A of the FINALE trial allows Femasys to advance to Part B, which is crucial for obtaining U.S. FDA approval for FemBloc [1][2] - The financing from institutional and accredited investors will be utilized to refinance existing debt and support the commercialization of Femasys' fertility and permanent birth control portfolio [1][2] Product Information - FemBloc is a first-of-its-kind, non-surgical solution for permanent birth control that uses a patented delivery system to create natural scar tissue in the fallopian tubes, providing a safer and more convenient alternative to surgical sterilization [2][8] - The product has already received regulatory approval in Europe, the UK, and New Zealand, with commercialization efforts underway in select European countries [8] Financial Details - The convertible notes bear an interest rate of 8.5% per annum and have a 10-year maturity, convertible into approximately 16.38 million shares of common stock at a conversion price of $0.73 per share, which is a 15% premium to the stock's closing price prior to the agreement [3][4] - The accompanying warrants include multiple classes with exercise prices ranging from $0.81 to $1.10 per share, potentially generating additional proceeds of up to $46 million if exercised for cash [3][4] Market Position - Femasys aims to redefine women's reproductive care with FemBloc, addressing a significant unmet need in the market for permanent birth control options, which currently only includes surgical sterilization in the U.S. [2][8] - The company is positioned to create long-term value for shareholders in a multi-billion-dollar market by introducing innovative solutions in women's health [2][8]
Femasys Partners with Medical Electronic Systems to Launch FemSperm™ Analysis Kit for use with FemaSeed
Globenewswire· 2025-09-22 13:00
Core Insights - Femasys Inc. has announced a partnership with Medical Electronic Systems LLC to launch the FemSperm Analysis Kit, enhancing its infertility product line and enabling gynecologists to perform in-office sperm handling for FemaSeed Intratubal Insemination [1][2] Company Overview - Femasys is a biomedical innovator focused on making fertility and non-surgical permanent birth control more accessible and cost-effective for women globally, with a patent-protected portfolio of therapeutic and diagnostic products [3] - The company’s fertility portfolio includes FemaSeed Intratubal Insemination, which has demonstrated over double the pregnancy rates compared to traditional intrauterine insemination (IUI) in cases of low male sperm count [3] Product Details - The FemSperm Analysis Kit completes the FemSperm product family, which includes the Setup Kit and Insemination Prep Kit, allowing gynecologists to conduct sperm preparation and analysis in their practices [1][2] - FemaSeed is positioned as a first step in the fertility journey, providing a safe, accessible, and cost-effective alternative to IUI, and is authorized for use in multiple regions including the U.S., Europe, UK, Canada, Israel, Australia, and New Zealand [2] Recent Developments - Femasys has received full regulatory approval for its FemBloc permanent birth control in Europe, the UK, and New Zealand, marking it as the first non-surgical, in-office alternative to traditional surgical sterilization [4] - The FemChec diagnostic product complements FemBloc by providing an ultrasound-based test to confirm procedural success, with initial clinical trials showing compelling effectiveness and high satisfaction [4]
Femasys Closes $8 Million in Financing to Accelerate Commercialization of Fertility and Birth Control Portfolios
Globenewswire· 2025-09-02 13:00
Core Insights - Femasys Inc. has successfully closed $8 million in financing to enhance its commercialization efforts and address unmet needs in women's reproductive health [1][2] - The company focuses on making fertility treatments and non-surgical permanent birth control more accessible and cost-effective for women globally [3] Company Overview - Femasys is a biomedical innovator with a patent-protected portfolio of therapeutic and diagnostic products aimed at women's health [3] - The company's lead products include FemaSeed, an intratubal insemination treatment, and FemBloc, a non-surgical permanent birth control option [3][4] Recent Milestones - Regulatory approvals for FemBloc were obtained in Europe on June 25, 2025, and in the United Kingdom on August 20, 2025 [6] - FemaSeed received regulatory approval in Australia and New Zealand on July 1, 2025 [6] - The company made its first commercial entry into Europe with a $400,000 order for FemBloc in Spain on August 6, 2025 [6] - A partnership was established with Carolinas Fertility Institute to offer FemaSeed across eight locations [6] Leadership Commentary - CEO Kathy Lee-Sepsick emphasized the importance of the new financing in executing the company's strategy and achieving revenue growth [2] - Jorey Chernett, a major shareholder, highlighted the critical need addressed by FemBloc and expressed confidence in Femasys' mission and products [2]
Femasys Announces Pricing of $8.0 Million Underwritten Public Offering
Globenewswire· 2025-08-26 03:44
Core Viewpoint - Femasys Inc. has announced a public offering of common stock and warrants, aiming to raise approximately $8.0 million to support its commercial expansion and product development efforts [2][4]. Group 1: Offering Details - The public offering consists of 10,434,586 shares of common stock and pre-funded warrants to purchase up to 11,750,000 shares, with a combined offering price of $0.36 per share and accompanying common warrant [1][2]. - The offering is expected to close on or about August 27, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - Femasys plans to utilize the net proceeds from the offering for the expansion of commercial efforts, product development, general corporate purposes, capital expenditures, and working capital [2]. Group 3: Company Overview - Femasys is a biomedical innovator focused on women's health, offering a range of in-office therapeutic and diagnostic products [6]. - The company’s fertility portfolio includes FemaSeed, which is over twice as effective as traditional IUI, and FemVue, a diagnostic tool for fallopian tube assessment [6]. - FemBloc, a non-surgical permanent birth control method, received regulatory approval in Europe and the UK in 2025, with commercialization planned through strategic partnerships [7].
Femasys Announces FemSperm™ Kit to Activate Gynecologists and Advance FemaSeed® Fertility Platform
Globenewswire· 2025-08-21 13:00
Core Insights - Femasys Inc. has launched the FemSperm Setup Kit, the first product in a new line aimed at enabling gynecologists to offer FemaSeed Intratubal Insemination, thereby expanding access to fertility treatments and driving revenue growth [1][2] - The FemSperm Setup Kit includes a pre-configured centrifuge for optimal sperm preparation, facilitating a streamlined in-office solution for gynecologists [1][2] - FemaSeed is positioned as a first-step fertility treatment that enhances natural fertilization by delivering sperm directly to the fallopian tube, showing more than double the pregnancy rates compared to traditional intrauterine insemination (IUI) in cases of low male sperm count [2][3] Company Overview - Femasys is a biomedical innovator focused on making fertility and non-surgical permanent birth control more accessible and cost-effective for women globally, with a patent-protected portfolio of therapeutic and diagnostic products [3] - The company is actively commercializing its lead product innovations, including FemaSeed and FemVue, in the U.S. and key international markets [3] - Femasys' FemBloc product, a non-surgical permanent birth control solution, received regulatory approval in Europe and the UK in mid-2025, with commercialization planned through strategic partnerships [4]
Femasys Revenue Jumps 85 Percent in Q2
The Motley Fool· 2025-08-08 21:22
Core Insights - Femasys reported strong revenue growth of 84.8% year-over-year, reaching $0.41 million in Q2 2025, driven by sales of FemaSeed and FemVue products [1][5] - The company achieved a GAAP net loss of $4.59 million, a slight improvement from the previous year's loss of $4.68 million [1][8] - Femasys has a cash balance of $3.22 million as of June 30, 2025, indicating a need for additional funding to sustain operations [1][10] Financial Performance - Revenue (GAAP) for Q2 2025 was $0.41 million, significantly above analyst estimates of $1.02 million [2] - Diluted earnings per share (GAAP) improved to $(0.16), better than the previous year's $(0.21) [2] - Research and Development expenses decreased by 28.6% to $1.41 million compared to $1.98 million in Q2 2024 [2][8] Product and Market Development - Femasys focuses on non-surgical products for women's reproductive health, including the FemBloc system for permanent birth control and fertility solutions like FemaSeed and FemVue [3][4] - The company made significant regulatory progress, receiving its first European approval for FemBloc and gaining approvals for FemaSeed and FemVue in Australia and New Zealand [6][7] - A notable order from Spain indicates a pivotal step in Femasys's international expansion efforts [5] Strategic Partnerships and Intellectual Property - Femasys formed a partnership with the Carolinas Fertility Institute to expand the reach of FemaSeed [7] - The company is actively working on protecting its intellectual property, with new patents expected to be granted in Europe and the U.S. for FemBloc and FemaSeed [7] Future Outlook - Management did not provide specific revenue or earnings targets for the upcoming quarters but emphasized the importance of translating recent approvals into commercial adoption [9] - The company expects its current cash position to fund operations into early Q4 2025, highlighting the need for monitoring its international expansion and product pipeline [10]
Femasys Announces Second Quarter Financial Results for 2025
Globenewswire· 2025-08-08 20:05
Core Viewpoint - Femasys Inc. has made significant progress in securing regulatory approvals and expanding its commercialization efforts for its fertility portfolio, including the FemBloc and FemaSeed products, which aim to enhance accessibility and cost-effectiveness for women globally [3][4][19]. Group 1: Regulatory Approvals and Partnerships - The European approval of the FemBloc System marks the first global regulatory endorsement for Femasys's non-surgical permanent birth control solution, with initial commercial availability in Spain [3][7]. - Regulatory approvals for FemaSeed in Australia and New Zealand have been secured, providing opportunities for revenue growth and expansion [4][7]. - A new partnership with Carolinas Fertility Institute aims to enhance patient support and access to FemaSeed across its eight locations [4][7]. Group 2: Financial Performance - Sales for the second quarter of 2025 increased by $187,784, or 84.8%, reaching $409,268 compared to $221,484 in the same period of 2024, driven by FemaSeed and FemVue sales [8][16]. - Research and development expenses decreased by $561,446, or 28.4%, to $1,414,429 for the second quarter of 2025, primarily due to commercialization efforts and reduced clinical costs [8][16]. - The net loss for the second quarter of 2025 was $4,585,922, or ($0.16) per share, compared to a net loss of $4,684,574, or ($0.21) per share, for the same period in 2024 [8][17]. Group 3: Product Innovations - Femasys's fertility portfolio includes FemaSeed, which is over twice as effective as traditional intrauterine insemination (IUI) and has a comparable safety profile [18]. - FemBloc is the first non-surgical, in-office alternative to surgical sterilization, with full regulatory approval in Europe, and aims to provide a safer and more cost-effective solution [19]. - The FemChec diagnostic product complements FemBloc by providing an ultrasound-based test to confirm procedural success [19].
Femasys Achieves Australian and New Zealand Regulatory Approvals for FemaSeed® for First-Line Infertility Treatment and FemVue Diagnostic
Globenewswire· 2025-07-01 13:00
Core Insights - Femasys, Inc. has achieved regulatory approvals in Australia and New Zealand for its infertility solutions, FemaSeed and FemVue, enhancing global access to innovative treatments for women facing infertility [1][2] Group 1: Product Overview - FemaSeed is a next-generation artificial insemination solution that significantly improves fertilization by delivering sperm directly to the fallopian tube, achieving over double the pregnancy rates compared to intrauterine insemination (IUI) in cases of low male sperm count [3][5] - FemVue is an ultrasound-based diagnostic tool that evaluates fallopian tube patency, providing a safe and reliable assessment within a gynecologist's office, and serves as a companion diagnostic for FemaSeed [4][5] Group 2: Market Expansion - The regulatory approvals in Australia and New Zealand represent a strategic milestone for Femasys, validating the clinical value of its products and creating commercial opportunities to grow revenue and expand its global footprint [2][5] - Femasys is actively commercializing its products in the U.S. and key international markets, with a focus on addressing critical unmet needs in women's health [5] Group 3: Additional Innovations - Femasys has also received regulatory approval for FemBloc, a non-surgical, in-office permanent birth control solution, which will begin commercialization in Spain and subsequently in other European countries [6] - FemChec, a diagnostic product that confirms the success of the FemBloc procedure, has shown compelling effectiveness and high satisfaction rates in initial clinical trials [6]