Cash ManagementThe company conducted an equity rights offering for gross proceeds of approximately $7.3M, resulting in a total pro forma cash position of $17.1M.
Commercial StrategyManagement plans to revamp associated rep accounts and territories in Germany to boost sales and drive strong growth by the second half of 2025.
Product RevenuesProduct revenues increased by 25% year-over-year and 6% quarter-over-quarter, driven by a 28% increase in direct sales outside of Germany and a 22% increase in global distributor sales.