Movano, Inc. ( (MOVE) ) has released its Q3 earnings. Here is a breakdown of the information Movano, Inc. presented to its investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Movano Inc., a technology company in the healthcare sector, is developing a platform to deliver medical-grade data through consumer health devices. In its latest earnings report for the quarter ending September 30, 2025, Movano Inc. reported a net loss of $4.03 million, a decrease from the $7.20 million loss in the same quarter last year. The company’s revenue increased to $80,000 from $50,000 in the previous year, but costs and expenses were significantly higher, leading to continued losses. The company also reported a substantial decrease in cash and cash equivalents, from $7.9 million at the end of 2024 to $2 million at the end of September 2025. Movano Inc. has entered into a merger agreement with Corvex, Inc., and raised additional capital through various financing activities, including a $1.5 million bridge loan. The company anticipates the need for further financing to support its operations beyond the first quarter of 2026. Movano’s management remains focused on completing the merger and securing additional capital to sustain its operations and continue its development efforts.