Cosciens Biopharma Inc. ( (CSCI) ) has released its Q2 earnings. Here is a breakdown of the information Cosciens Biopharma Inc. presented to its investors.
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COSCIENS Biopharma Inc. is a life science company specializing in natural ingredients and pharmaceutical solutions, with a focus on developing plant-based active ingredients and commercializing diagnostic products. Recently, the company reported its financial results for the second quarter of 2025, highlighting significant strategic and operational changes.
In the second quarter of 2025, COSCIENS reported a 17% increase in revenue and a 19% increase in gross profit compared to the same period in 2024. The company also reduced its operating expenses by 28% and completed a strategic reconstitution of its Board of Directors, along with the appointment of a new CEO. Additionally, COSCIENS initiated a corporate restructuring that resulted in a 27% workforce reduction to streamline operations.
Key financial metrics revealed a consolidated net loss of $2.4 million for the quarter, attributed mainly to the timing of a merger in 2024. Despite the net loss, the company achieved revenue growth due to increased sales of its active ingredients and the inclusion of Macrilen revenue. The company also announced its decision to voluntarily delist from Nasdaq, maintaining its listing on the TSX to focus on core business needs and reduce costs.
COSCIENS is actively exploring new business opportunities within its existing portfolio and evaluating growth potential for its active ingredients and pharmaceutical products. The company is also conducting clinical trials to advance its inflammation-related program and assessing strategic options for its lead pharmaceutical product, Macrilen.
Looking ahead, COSCIENS aims to enhance efficiency and competitiveness by focusing on operational discipline and cost control. The management is optimistic about positioning the company for sustainable growth, leveraging its strategic initiatives and product portfolio optimization.