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TriSalus Life Sciences (TLSI)
NASDAQ:TLSI
US Market
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TriSalus Life Sciences (TLSI) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 19, 2026
Before Open (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
-0.15
Last Year’s EPS
-0.27
Same Quarter Last Year
Based on 5 Analysts Ratings

Earnings Call Summary

Q1 2026
Earnings Call Date:May 12, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call emphasized a major clinical and economic validation of PEDD (landmark real-world study, strong pipeline, meaningful early results in multiple new indications) and a deliberate commercial build intended to capture a large addressable market. Near-term financials were impacted by the deliberate salesforce expansion (temporary revenue disruption, higher operating losses) and a regulatory delay for TriNav Advance that defers some expected second-half revenue. Management positions the investments as strategic and funded by a solid cash balance, with expectations of sustained ramp and commercial momentum through the remainder of 2026 and beyond.
Company Guidance
TriSalus revised full‑year 2026 revenue guidance to $54–$57 million after reporting Q1 revenue of $8.9M (down from $9.2M a year ago) driven by a deliberate commercial expansion (60% of territories performed in line, 40% disrupted), and a delayed FDA review of TriNav Advance (now ~5 months past the 30‑day MDUFA target; clearance still expected in H2 but advanced H2 revenue has been removed from modeling). Key Q1 metrics: gross margin 86% (vs. 84% PY), R&D ~$3.2M (includes ~$0.5M stock‑based comp), sales & marketing ~$7.4M (includes ~$0.5M stock comp), G&A ~$5.4M (includes ~$1.3M stock comp), net operating loss $8.4M (vs. $7.3M), adjusted EBITDA loss ~$5.8M (vs. $5.5M), and cash of $56.6M as of 3/31/2026. Management expects modest sequential improvement in Q2 as reps ramp (typical 6–9 month productivity curve) with a more pronounced step‑up in H2, durable mid‑80s gross margins, and cites clinical/economic data (e.g., ~$7.7k per‑patient downstream cost avoidance) as catalysts for adoption.
Landmark Real-World Evidence Publication Validating PEDD
Published largest real-world evidence study of PEDD (603 PEDD patients matched to >16,200 non-PEDD patients from a 300M-patient claims database covering 96% of US payers; cohort: 515 TACE, 88 TARE). Key outcomes: post-procedure fatigue 20.9% vs 26.4% (absolute -5.5pp), lymphopenia 0.6% vs 5.2% (absolute -4.6pp, ~88% relative reduction), TACE 30-day inpatient admissions 8% vs 20.5% (absolute -12.5pp, >50% reduction), PEDD delivered ~48% more doxorubicin per procedure. Per-patient downstream cost avoidance ≈ $7.7k (≈ $3.1k from fewer inpatient stays + $4.6k from fewer complications).
Strong Clinical Pipeline and Growing Evidence Base
10 active studies across 24 sites (>400 TriNav-treated patients); two new prospective trials beginning (PRESSURE at Stanford randomized TriNav vs TARE; PREDICT at MD Anderson for hypovascular tumors). Two completed investigator-initiated trials (TETHER at MGH, TRI-FI 90 at MD Anderson) targeting submission this quarter, plus two large retrospective TARE-in-HCC studies initiated.
Expansion into Multiple High-Potential Indications
Momentum in new applications: uterine artery embolization (median dominant fibroid volume reduction 97.5% vs historical ~50%; 100% technical success, no device-related complications), PROTECT thyroid registry (100% technical/clinical success; 73% thyroid size reduction; 71% normalization rate), genicular artery embolization pilot moving to formal trial. Combined US addressable market across liver and new applications ≈ $2.5 billion.
Commercial Organization Build and Leadership Added
Commercial footprint materially expanded (sales organization more than doubled; added senior VP of Sales & Commercial Ops Chris Sowd). 60% of territories performed in line with expectations during transition, organization largely in place by May; expected rep ramp 6–9 months supporting multi‑year growth.
Improved Gross Margin and Solid Cash Position
Q1 gross margin 86% vs 84% year-ago (+2 percentage points) driven by lower average unit cost and manufacturing improvements. Cash and cash equivalents $56.6M as of 03/31/2026, stated as sufficient to fund strategic growth plan.

TriSalus Life Sciences (TLSI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TLSI Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 19, 2026
2026 (Q2)
-0.15 / -
-0.27
May 12, 2026
2026 (Q1)
-0.16 / 0.03
-0.39107.69% (+0.42)
Mar 05, 2026
2025 (Q4)
-0.14 / -0.21
-0.447.50% (+0.19)
Nov 13, 2025
2025 (Q3)
-0.15 / -0.96
-0.12-700.00% (-0.84)
Aug 12, 2025
2025 (Q2)
-0.21 / -0.27
-0.21-28.57% (-0.06)
May 15, 2025
2025 (Q1)
-0.22 / -0.39
-0.635.00% (+0.21)
Mar 27, 2025
2024 (Q4)
-0.32 / -0.40
-1.5674.36% (+1.16)
Nov 14, 2024
2024 (Q3)
-0.35 / -0.12
-0.137.69% (+0.01)
Aug 15, 2024
2024 (Q2)
-0.46 / -0.21
-0.8976.40% (+0.68)
May 15, 2024
2024 (Q1)
- / -
-0.055
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TLSI Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 12, 2026
$4.56$2.67-41.45%
Mar 05, 2026
$4.77$4.46-6.39%
Nov 13, 2025
$4.39$4.56+3.87%
Aug 12, 2025
$3.65$3.95+8.22%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does TriSalus Life Sciences (TLSI) report earnings?
TriSalus Life Sciences (TLSI) is schdueled to report earning on Aug 19, 2026, Before Open (Confirmed).
    What is TriSalus Life Sciences (TLSI) earnings time?
    TriSalus Life Sciences (TLSI) earnings time is at Aug 19, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TLSI EPS forecast?
          TLSI EPS forecast for the fiscal quarter 2026 (Q2) is -0.15.