Revenue Growth
Total revenues for the first quarter of fiscal 2025 were $1.2 million, a 34.7% increase compared with $891,000 for the same period of fiscal 2024, driven by higher product revenue.
Operational Efficiency
Operating loss improved to $3 million from $3.8 million in the prior year period due to lower selling, general, and administrative costs.
LineaRx Expansion
LineaRx's customer acquisition rates exceeded expectations with over twenty-five customer projects engaged in fiscal 2024, anticipating multiple projects to enter the clinic in calendar 2025.
GMP Site Certification
Certification of the GMP Site One facility achieved, showcasing a low CapEx approach to enzymatic DNA production at scale.
Strategic Restructuring
Implemented a strategic restructuring to bolster cash reserves and optimize cost structure, with a focus on LineaRx subsidiary.