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The latest update is out from Theralase Technologies ( (TSE:TLT) ).
Theralase Technologies Inc. has released its unaudited financial statements for the second quarter of 2025, reporting a 12% increase in total revenue to $310,933 and a 47% rise in gross margin to $131,967. Despite a slight increase in net loss to $2,423,235, the company has made significant strides in its Study II clinical trials, with 86 patients treated and promising interim results showing a 61.4% complete response rate. The company remains on track to complete enrollment by the third quarter of 2025, with regulatory submissions expected by the fourth quarter of 2026. Theralase has also completed several private placements to support its clinical and commercial milestones.
Spark’s Take on TSE:TLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:TLT is a Neutral.
Theralase Technologies’ overall stock score is primarily impacted by its weak financial performance and valuation metrics. While technical indicators suggest potential for a trend reversal, the company’s current financial instability and lack of profitability weigh heavily on its score. Strategic initiatives and capital raising efforts provide some optimism for future growth, but immediate financial challenges remain a significant concern.
To see Spark’s full report on TSE:TLT stock, click here.
More about Theralase Technologies
Theralase Technologies Inc. is a clinical-stage pharmaceutical company that specializes in pioneering light, radiation, sound, and drug-activated therapeutics aimed at treating cancer, bacteria, and viruses. The company is focused on advancing its innovative Ruvidar® (TLD-1433) molecule, which is designed for the safe and effective destruction of these pathogens.
Average Trading Volume: 76,542
Technical Sentiment Signal: Sell
Current Market Cap: C$50.16M
Find detailed analytics on TLT stock on TipRanks’ Stock Analysis page.