Record Core Product Sales
Trailing 12-month core product sales reached a record $37 million as of September 30, 2025, supported by strong execution across the global network.
Gross Margin Improvement
Gross margin remained strong at approximately 70%, an improvement from 61% in the third quarter of 2024.
Revenue Growth
Third quarter revenue was $9.5 million, up 10% from $8.6 million a year ago, or 4% on a constant currency basis.
Regulatory Progress for DrugSorb-ATR
Filed a formal pre-submission meeting request with the FDA on November 7, 2025, and anticipates a pre-submission meeting in late 2025 or early Q1 of '26.
Cost Reduction and Strategic Workforce Program
Implemented a strategic workforce and cost reduction program, including a 10% workforce reduction, to achieve cash flow breakeven by Q1 2026.