Cyclacel Pharmaceuticals ( (BGMS) ) has released its Q3 earnings. Here is a breakdown of the information Cyclacel Pharmaceuticals presented to its investors.
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Bio Green Med Solution, Inc., formerly known as Cyclacel Pharmaceuticals, is a diversified company focused on fire safety protection and distribution activities, having transitioned from its previous engagement in the biopharmaceutical industry. Headquartered in Malaysia, the company is committed to creating long-term value for its shareholders through its new operational focus.
In its third-quarter earnings report, Bio Green Med Solution highlighted several strategic moves, including a reverse stock split, warrant exchange agreements, and the acquisition of FITTERS Sdn. Bhd., which has shifted the company’s focus toward the fire safety sector. The company also completed an asset sale related to its previous biopharmaceutical operations.
Financially, the company reported cash and cash equivalents of $3.8 million as of September 30, 2025, an increase from $3.1 million at the end of 2024. The company generated $81,000 in product revenue from its fire safety equipment sales, with a cost of sales amounting to $64,000. Notably, research and development expenses dropped to zero following the liquidation of its UK subsidiary, while general and administrative expenses decreased to $1.0 million.
The company’s net loss for the quarter was $1.0 million, a significant improvement from the $2.0 million loss in the same period the previous year. Despite the loss, the company has managed to strengthen its balance sheet, with stockholders’ equity rising to $7.1 million from a negative position at the end of 2024.
Looking ahead, Bio Green Med Solution aims to leverage its recent acquisitions and strategic shifts to enhance its position in the fire safety sector. The management remains focused on optimizing its operations and exploring new opportunities to drive growth and shareholder value.