Significant Revenue Growth
TriSalus Life Sciences reported $9.2 million in net sales for Q1 2025, a 42% increase compared to Q1 2024, and an 11% sequential gain over Q4 2024.
Successful Completion of Phase 1 Trials for Nelitolimod
Phase 1 trials for nelitolimod were completed, shifting the focus to a partnership strategy, eliminating development expenses, and preserving long-term value.
Increase in Unique Ordering Accounts
In Q1 2025, the number of unique ordering accounts increased by 39% compared to Q1 2024, with 32 new accounts added.
New Reimbursement Code for TriNav
CMS issued a HCPCS code, C8004, which provides coverage for mapping procedures using TriNav, doubling the reimbursable use of the technology.
Strong Financial Position and Fundraising
TriSalus raised approximately $22 million in gross proceeds through a private placement, enhancing its balance sheet and funding further growth.
Improvement in Operating Losses
Operating losses for Q1 2025 totaled $7.3 million, a significant reduction from $11.7 million in Q1 2024, primarily due to increased sales and reduced R&D expenses.