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IceCure Medical (ICCM) investor relations material
IceCure Medical Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a pivotal inflection point in H1 2026, with clinical, regulatory, and commercial strategies reinforcing each other.
Achieved 45% year-over-year revenue growth to $1.8 million for H1 2026, driven by increased sales of systems and disposable probes.
Expanded U.S. commercial footprint with 70% growth in active installed base after FDA clearance, supporting long-term value creation.
Strengthened balance sheet with $8.5 million in gross proceeds from financings, ending H1 2026 with $12 million in cash and equivalents.
Advanced the CHOICE post-market study to support physician adoption, reimbursement, and commercialization, with clinical sites purchasing probes as part of routine care.
Financial highlights
Revenue for H1 2026 increased 45% year-over-year to $1.8 million, up from $1.25 million in H1 2025.
Gross profit rose to $548,000 from $349,000, with gross margin improving to 30.1% from 26.8%, aided by scale and operating leverage.
Net loss was $8.8 million ($3.17/share) versus $7 million ($3.59/share) in H1 2025.
Ended H1 2026 with $12 million in cash and equivalents, up from $8.9 million at 2025 year-end, reflecting $8.5 million in new financing.
R&D expenses rose to $4.3 million (from $3.4 million), mainly due to the CHOICE Study and FX impacts.
Outlook and guidance
Expect continued commercial expansion, increased physician adoption, and higher procedure volumes.
CHOICE Study enrollment is on track, with first patients expected imminently and a target of 80 patients by March 2027.
Q3 is expected to be seasonally lower, with Q4 traditionally the strongest quarter.
Plans to continue investing in U.S. and international commercial infrastructure, including sales organization and clinical studies.
Expects further expansion of the CHOICE Study with additional U.S. clinical sites and increased patient enrollment.
- First FDA-cleared minimally invasive cryoablation device for breast cancer, driving global growth.ICCM
Investor presentation - Registering 5.5M shares for resale after $5.5M private placement, with dilution risks.ICCM
Registration filing - Q1 2026 revenue up 26% year-over-year, driven by FDA clearance and expanding U.S. adoption.ICCM
Q1 2026 - Up to 16 million shares offered for resale, with proceeds from warrant exercises funding operations.ICCM
Registration filing - Medtech firm seeks $100M for growth, facing legal and market risks.ICCM
Registration filing - Record revenue and regulatory milestones drive rapid adoption and improved financial outlook.ICCM
Q4 2025 - FDA authorizes first minimally invasive cryoablation device for breast cancer in women 70+.ICCM
Investor Update - FDA review of ProSense post-market study advances, with stable Q1 revenue and improved cash flexibility.ICCM
Q1 2025 - North American sales up 42% and margins higher as FDA decision on ProSense approaches.ICCM
Q4 2024
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