Revenue Increase and Site Growth
Quarterly revenue reached $24.2 million, an increase of over 20% compared to the first quarter of 2025. The company has achieved five consecutive quarters of site and HEPZATO volume growth.
Positive Financial Performance
Generated $7.3 million in positive cash from operations, net income of $2.7 million, and adjusted EBITDA of $9.8 million. Ended the quarter with no debt and approximately $81 million in cash and investments.
Expansion and Future Prospects
Activated several new treating sites and expanded U.S. sales force from 4 to 6 regions. Anticipate the release of interim data for metastatic colorectal trial in 2027 and primary endpoint results in 2028.
R&D and Trial Developments
Received FDA clearance for Phase II trials in liver-dominant metastatic colorectal and breast cancer. Anticipate patient dosing for colorectal trial to begin within weeks.