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Femasys | 8-K: Femasys Announces Financial Results for Quarter Ended September 30, 2024, and Provides Corporate Update

Femasys | 8-K: Femasys Announces Financial Results for Quarter Ended September 30, 2024, and Provides Corporate Update

Femasys | 8-K:Femasys公布截至2024年9月30日的季度财务业绩,并提供公司最新情况
美股SEC公告 ·  2024/11/12 22:33

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Femasys reported Q3 2024 sales of $554,908, up 127.1% YoY, driven by initial commercialization of FemaSeed infertility treatment and increased FemVue sales. The company secured strategic partnerships with Boston IVF and distributors in Spain, with Spanish partnerships expected to generate over $1.3 million in the next year.R&D expenses increased 11.1% YoY to $2.3 million, while net loss widened to $5.4 million ($0.24 per share) from $4.0 million ($0.26 per share) in Q3 2023. The company received FDA 510(k) clearance for FemChec and CE Mark certification for FemVue MINI during the quarter.As of September 30, 2024, cash and cash equivalents stood at $7.6 million, expected to fund operations into July 2025. The company's accumulated deficit reached $122.1 million, with management focused on expanding commercial partnerships and advancing its women's health product portfolio.
Femasys reported Q3 2024 sales of $554,908, up 127.1% YoY, driven by initial commercialization of FemaSeed infertility treatment and increased FemVue sales. The company secured strategic partnerships with Boston IVF and distributors in Spain, with Spanish partnerships expected to generate over $1.3 million in the next year.R&D expenses increased 11.1% YoY to $2.3 million, while net loss widened to $5.4 million ($0.24 per share) from $4.0 million ($0.26 per share) in Q3 2023. The company received FDA 510(k) clearance for FemChec and CE Mark certification for FemVue MINI during the quarter.As of September 30, 2024, cash and cash equivalents stood at $7.6 million, expected to fund operations into July 2025. The company's accumulated deficit reached $122.1 million, with management focused on expanding commercial partnerships and advancing its women's health product portfolio.
Femasys报告2024年第三季度销售额为554,908美元,同比增长127.1%,主要受FemaSeed不孕症治疗初步商业化和FemVue销售增加的推动。该公司与波士顿IVF和西班牙的分销商达成了战略合作伙伴关系,预计西班牙合作伙伴关系将在明年创造超过130万的收入。研发费用同比增长11.1%,达到230万,而净亏损扩大至540万(每股0.24美元),相比2023年第三季度的400万(每股0.26美元)。该公司在本季度获得了FDA的510(k)批准和FemVue MINI的CE标志认证。截至2024年9月30日,现金及现金等价物为760万,预计可支持运营直到2025年7月。公司的累计赤字达到了12210万,管理层专注于扩大商业合作伙伴关系和推进女性健康产品组合。
Femasys报告2024年第三季度销售额为554,908美元,同比增长127.1%,主要受FemaSeed不孕症治疗初步商业化和FemVue销售增加的推动。该公司与波士顿IVF和西班牙的分销商达成了战略合作伙伴关系,预计西班牙合作伙伴关系将在明年创造超过130万的收入。研发费用同比增长11.1%,达到230万,而净亏损扩大至540万(每股0.24美元),相比2023年第三季度的400万(每股0.26美元)。该公司在本季度获得了FDA的510(k)批准和FemVue MINI的CE标志认证。截至2024年9月30日,现金及现金等价物为760万,预计可支持运营直到2025年7月。公司的累计赤字达到了12210万,管理层专注于扩大商业合作伙伴关系和推进女性健康产品组合。
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