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Femasys, a biomedical company specializing in women's reproductive health solutions, reported a decrease in sales for the first quarter of 2024, with a 7.8% drop to $271,140 compared to the same period in 2023. The company's net loss widened by 22.2% year-on-year to $3,599,510. Despite reduced sales, cost of sales saw a 15.8% decrease due to manufacturing efficiencies. Operating expenses increased across the board, with research and development costs up by 15.2%, sales and marketing by 22.7%, and general and administrative expenses by 14.3%. The company's cash and cash equivalents stood at $17,835,968 as of March 31, 2024, with an accumulated deficit of $111,981,139. Femasys has completed several key business developments, including the final audit for the European Union Medical Device Regulation, securing $6.85 million in financing, and completing enrollment...Show More
Femasys, a biomedical company specializing in women's reproductive health solutions, reported a decrease in sales for the first quarter of 2024, with a 7.8% drop to $271,140 compared to the same period in 2023. The company's net loss widened by 22.2% year-on-year to $3,599,510. Despite reduced sales, cost of sales saw a 15.8% decrease due to manufacturing efficiencies. Operating expenses increased across the board, with research and development costs up by 15.2%, sales and marketing by 22.7%, and general and administrative expenses by 14.3%. The company's cash and cash equivalents stood at $17,835,968 as of March 31, 2024, with an accumulated deficit of $111,981,139. Femasys has completed several key business developments, including the final audit for the European Union Medical Device Regulation, securing $6.85 million in financing, and completing enrollment for the FemaSeed pivotal trial. The company also initiated enrollment for the FemBloc pivotal trial and announced the first in-office commercial procedure with FDA-cleared FemaSeed. Looking ahead, Femasys expects its current cash to fund operations into the second half of 2025 and continues to focus on the development and commercialization of its product candidates, FemaSeed and FemBloc.
女性の生殖健康ソリューションに特化した生物医学企業であるFemasysは、2024年第1四半期の売上高が2023年同期比で7.8％減の271,140ドルに減少したことを報告しました。同社の純損失は、年間比で22.2％拡大して3,599,510ドルになりました。売上高が減少したにもかかわらず、製造効率の向上により売上原価は15.8％減少しました。研究開発費が15.2％、販売・マーケティングが22.7％、一般管理費が14.3％上昇し、営業費用が全般的に増加しました。同社の現金及び現金同等物は2024年3月31日時点で17,835,968ドルであり、累積赤字は111,981,139ドルです。Fema...すべて展開
女性の生殖健康ソリューションに特化した生物医学企業であるFemasysは、2024年第1四半期の売上高が2023年同期比で7.8％減の271,140ドルに減少したことを報告しました。同社の純損失は、年間比で22.2％拡大して3,599,510ドルになりました。売上高が減少したにもかかわらず、製造効率の向上により売上原価は15.8％減少しました。研究開発費が15.2％、販売・マーケティングが22.7％、一般管理費が14.3％上昇し、営業費用が全般的に増加しました。同社の現金及び現金同等物は2024年3月31日時点で17,835,968ドルであり、累積赤字は111,981,139ドルです。Femasysは、欧州連合医療機器規制に関する最終監査、685万ドルの資金調達、FemaSeedの決定的試験の登録完了など、いくつかの重要なビジネス展開を完了しました。同社はまた、FemBloc決定的試験の登録を開始し、FDA承認済みのFemaSeedを使用した最初のオフィス内商業手術を発表しました。今後、Femasysは現在の現金により2025年後半まで事業資金を調達することを期待し、製品候補のFemaSeedとFemBlocの開発と商品化に注力し続けます。
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