Core Insights - Pulmonx Corporation reported a total worldwide revenue of $21.5 million for Q3 2025, reflecting a 5% increase from $20.4 million in Q3 2024, and a 4% increase on a constant currency basis [4][9] - The company aims to leverage its operational foundation to expand Zephyr Valve treatment volumes while maintaining a commitment to sustainable, profitable growth [3][4] Financial Performance - U.S. revenue for Q3 2025 was $14.0 million, a 1% increase year-over-year, while international revenue reached $7.5 million, marking a 15% increase compared to Q3 2024 [4][9] - Gross profit for Q3 2025 was $16.1 million, with a gross margin of 75%, up from 74% in the same period last year [5][9] - Operating expenses increased by 4% to $30.4 million, driven by higher clinical, development, and commercial investments [5][9] - The net loss for Q3 2025 was $14.0 million, or $0.34 per share, slightly improved from a net loss of $14.1 million, or $0.36 per share, in Q3 2024 [6][9] 2025 Financial Outlook - Pulmonx updated its 2025 financial outlook, expecting total revenue to be in the range of $89 million to $90 million, with a gross margin of approximately 73% [7][9] - Total operating expenses for the full year 2025 are projected to be between $125 million and $126 million, including about $21 million in non-cash stock-based compensation [7][9] Leadership Changes - Glen French was reappointed as President and CEO, and Derrick Sung was appointed as COO and CFO [9]

Leadership Changes - Glen French has been reappointed as President and Chief Executive Officer of Pulmonx Corporation, effective immediately [1][3] - Derrick Sung has been appointed as Chief Operating Officer and Chief Financial Officer, effective November 3, 2025 [1][3] - Steve Williamson and Mehul Joshi have resigned from their roles but will serve in advisory capacities until December 1, 2025 [1][3] Financial Performance - Preliminary revenue for the third quarter of 2025 is anticipated to be approximately $21.5 million [4] - The company plans to provide further details on its third quarter results during a conference call rescheduled for November 12, 2025 [4][6] Company Overview - Pulmonx Corporation is a global leader in minimally invasive treatments for chronic obstructive pulmonary disease (COPD) [9] - The company's Zephyr Endobronchial Valve is a standard treatment option for patients with severe emphysema and is commercially available in over 25 countries [9]

Core Insights - Pulmonx Corporation will release its financial results for Q3 2025 on October 29, 2025, after market close, followed by a conference call at 1:30 p.m. PT / 4:30 p.m. ET [1] Company Overview - Pulmonx Corporation is a global leader in minimally invasive treatments for chronic obstructive pulmonary disease (COPD) [3] - The company's key products include the Zephyr Endobronchial Valve, Chartis Pulmonary Assessment System, LungTraX™ Platform, and StratX Lung Analysis Reports, aimed at treating patients with severe emphysema/COPD [3] - The Zephyr Valve has received FDA pre-market approval as a "breakthrough device" and is available in over 25 countries, recognized in global treatment guidelines as a standard care option for improving patient outcomes [3]

Company Overview - Pulmonx Corporation is a global leader in minimally invasive treatments for chronic obstructive pulmonary disease (COPD) [2] - The company's key products include the Zephyr Endobronchial Valve, Chartis Pulmonary Assessment System, LungTraX™ Platform, and StratX Lung Analysis Reports, which are designed for patients with severe emphysema/COPD [2] - The Zephyr Valve has received FDA pre-market approval as a "breakthrough device" and is commercially available in over 25 countries, recognized as a standard treatment option for improving patient outcomes [2] Upcoming Investor Conferences - Pulmonx management will present at the Wells Fargo Healthcare Conference on September 4 at 1:30 pm PT/4:30 pm ET in Boston, MA, featuring a fireside chat and 1x1 meetings [1] - The company will also participate in the Lake Street Best Ideas Growth (BIG9) Conference on September 11 in New York, NY, focusing on 1x1 meetings [1] - A live and archived webcast of the fireside chat will be accessible on the "Investors" section of the Pulmonx website [1]

Company Overview - Pulmonx Corporation is a global leader in minimally invasive treatments for chronic obstructive pulmonary disease (COPD) [2] - The company’s key products include the Zephyr Endobronchial Valve, Chartis Pulmonary Assessment System, LungTraX Platform, and StratX Lung Analysis Reports, which are designed for patients with severe emphysema/COPD [2] - The Zephyr Valve has received FDA pre-market approval and is recognized as a "breakthrough device," being commercially available in over 25 countries and included in global treatment guidelines [2] Upcoming Events - Pulmonx will present at the Canaccord Genuity 45th Annual Growth Conference in Boston on August 12, 2025, at 7:00 AM PT / 10:00 AM ET [1] - A live and archived webcast of the presentation will be accessible on the "Investors" section of the Pulmonx website [1]

Company Overview - Pulmonx Corporation is a global leader in minimally invasive treatments for chronic obstructive pulmonary disease (COPD) [2] - The company’s key products include the Zephyr Endobronchial Valve, Chartis Pulmonary Assessment System, LungTrax™ Platform, and StratX Lung Analysis Reports, which are designed for patients with severe emphysema/COPD [2] - The Zephyr Valve has received FDA pre-market approval and is recognized as a "breakthrough device," being commercially available in over 25 countries and included in global treatment guidelines [2] Upcoming Events - Pulmonx will present at the Goldman Sachs 46th Annual Global Health Care Conference in Miami on June 11, 2025, at 7:00 AM PT / 10:00 AM ET [1] - A live and archived webcast of the presentation will be accessible on the "Investors" section of the Pulmonx website [1]

Core Insights - Pulmonx Corporation reported a strong start to 2025, emphasizing its strategy to expand patient access to Zephyr Valves and highlighting solid commercial performance [3][4]. Financial Performance - Total worldwide revenue for Q1 2025 was $22.5 million, a 20% increase from $18.9 million in Q1 2024, and a 21% increase on a constant currency basis [4][9]. - U.S. revenue reached $14.2 million, reflecting an 11% year-over-year increase, while international revenue was $8.3 million, marking a 39% increase compared to Q1 2024, and a 43% increase on a constant currency basis [4][9]. - Gross profit for Q1 2025 was $16.3 million, with a gross margin of 73%, down from 75% in the same period of 2024 [5][9]. - Operating expenses increased to $30.9 million, up 8% from $28.6 million in Q1 2024, primarily due to higher commercial investments [5][9]. - The net loss for Q1 2025 was $14.4 million, or $0.36 per share, compared to a net loss of $13.7 million, also $0.36 per share, in Q1 2024 [6][9]. 2025 Financial Outlook - The company reaffirmed its full-year 2025 revenue guidance, expecting it to be in the range of $96 million to $98 million, with a gross margin of approximately 74% [7][8]. - Total operating expenses for 2025 are anticipated to be between $133 million and $135 million, including about $22 million in non-cash stock-based compensation [7][8]. Recent Developments - Pulmonx amended its loan agreement with CIBC Innovation Banking to extend the interest-only period through October 2027 [9]. - The U.S. Department of Justice declined to intervene in a case against Pulmonx, concluding the civil investigative demand [9].