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BioHarvest Sciences (BHST) investor relations material
BioHarvest Sciences Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue grew 39% year-over-year to $9.1 million, driven by core VINIA capsules, new product launches, and expanding CDMO services.
Gross profit margin improved to 61% from 57% year-over-year, with gross profit up 50% to $5.6 million.
Net loss narrowed to $2.5 million ($0.14/share) from $2.7 million ($0.16/share) year-over-year.
Adjusted EBITDA loss improved to $0.4 million from $1.7 million year-over-year.
Balance sheet strengthened with $19.9 million institutional equity raise and $14.7 million from warrant exercises and debt conversions.
Financial highlights
Revenue rose 39% year-over-year to $9.1 million; product revenue up 30% to $8.4 million; CDMO revenue surged 722% to $0.7 million.
Gross profit: $5.6 million (61% margin), up from $3.7 million (57% margin) year-over-year.
Operating expenses were $6.5 million, up from $5.8 million, mainly due to marketing and CDMO development.
Cash and cash equivalents were $11 million as of September 30, 2025, up from $2.4 million at year-end 2024.
Net loss per share: $0.14, improved from $0.16 year-over-year.
Outlook and guidance
Q4 2025 revenue expected between $9 million and $9.5 million; Adjusted EBITDA guidance between -$0.6 million and break-even.
Positive Adjusted EBITDA targeted for early 2026 if not achieved in Q4.
Focus on scaling Health Pros program, launching VINIA BloodFlow Hydration, and expanding CDMO partnerships.
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