Lite Strategy
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Lite Strategy (LITS) investor relations material

Lite Strategy Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary17 Feb, 2026

Executive summary

  • Shifted strategic focus from oncology drug development to a dual strategy: digital asset treasury (Litecoin) and pre-clinical R&D in nononcology indications.

  • Deployed $100M PIPE proceeds into Litecoin (LTC) as a primary reserve asset, launching the Litecoin Treasury Strategy in August 2025.

  • Launched active treasury management by deploying covered call options on Litecoin holdings, generating $600,000 in gross premiums in the quarter.

  • Initiated a $25M share repurchase program in October 2025, funded by treasury operations, repurchasing 137,541 shares at $1.47 average price by December 2025.

  • Discontinued clinical development of voruciclib in oncology and ceased global development of zandelisib; now exploring out-licensing and sale opportunities.

Financial highlights

  • Net loss of $30.8M for the quarter ended December 31, 2025, compared to $2.7M in the prior year quarter.

  • Net loss of $34.4M for the six months ended December 31, 2025, versus $10.7M for the same period in 2024.

  • Operating expenses rose to $29.9M for the quarter, mainly due to a $26.5M loss from change in fair value of digital assets.

  • Generated $600,000 in cash from covered call options on LTC during the quarter.

  • Cash and cash equivalents at $8.8M and digital assets at $64.0M as of December 31, 2025.

Outlook and guidance

  • Sufficient liquidity (cash and digital assets) to fund operations for at least the next 12 months.

  • Future capital requirements depend on the scope of the Litecoin Treasury Strategy and ongoing R&D activities.

  • Plans to continue selective treasury strategies and execute the share repurchase program in the second half of fiscal 2026.

  • Evaluating potential strategic investments or partnerships to expand operations and increase stockholder value.

Future yield targets for LTC treasury?
Timeline for $25M share repurchase completion?
Strategic role of pharma assets?
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Frequently asked questions

MEI Pharma Inc, formerly known as Marshall Edwards Inc., is a clinical-stage pharmaceutical company focusing on developing innovative therapies for cancer treatment. The company's drug development focus includes pracinostat, an oral histone deacetylase inhibitor aimed at treating advanced hematological diseases such as myelodysplastic syndrome. Additionally, MEI Pharma is working on ME-344, a mitochondrial inhibitor for the treatment of HER2-negative breast cancer and solid tumors, and Zandelisib (ME-401), an oral PI3K delta inhibitor for relapsed or refractory B-cell malignancies. Another key drug candidate is Voruciclib, an oral and selective cyclin-dependent kinase (CDK) inhibitor intended for the treatment of acute myeloid leukemia (AML) and B-cell malignancies, being developed in agreement with Presage. It is headquartered in San Diego, California, and its shares are listed on the Nasdaq.

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