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Catheter Precision (VTAK) investor relations material
Catheter Precision Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q3 2025 was $226K, up from $96K in Q3 2024, driven by increased LockeT and VIVO System sales.
Net loss for Q3 2025 was $2.3M, an improvement from $4.1M in Q3 2024; nine-month net loss was $11.8M.
LockeT device sales grew following new distributor agreements and CE Mark approval in Europe.
Two asset acquisitions in 2025: Perikard (pericardial access technology) and Cardionomic's CPNS System.
Financial highlights
Gross profit for Q3 2025 was $208K, up from $86K in Q3 2024; nine-month gross profit was $538K.
Operating expenses for Q3 2025 were $5.2M, up from $2.9M in Q3 2024, mainly due to acquired in-process R&D and increased SG&A.
Cash and cash equivalents at September 30, 2025 were $1.1M, down from $2.9M at year-end 2024.
Accumulated deficit reached $303.8M as of September 30, 2025.
Outlook and guidance
Management expects continued operating losses and negative cash flows for the foreseeable future.
Additional capital is required to fund operations beyond Q4 2025; substantial doubt exists about the ability to continue as a going concern.
The company is exploring various financing options, including equity, debt, and strategic transactions.
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