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ReShape Lifesciences (RSLS) investor relations material

ReShape Lifesciences Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for ReShape Lifesciences Inc
Q3 2025 earnings summary14 Nov, 2025

Executive summary

  • Completed a reverse merger with Reshape Lifesciences, resulting in a Nasdaq listing and a new management team as of August 2025.

  • Focused on developing immuno-inflammatory and rare disease therapeutics, with lead program VT-1953 advancing toward pivotal trials.

  • Commercial pharmaceutical segment in India transitioned to service fee and royalty model with Sun Pharma; major licensing agreement terminated in December 2024.

Financial highlights

  • Revenue for the nine months ended September 30, 2025 was $283,163, up from $195,516 year-over-year, primarily from service fees, licensing, and royalties.

  • Net loss for the nine months ended September 30, 2025 was $9,198,033, compared to $1,140,904 in the prior year, driven by $7.7 million in one-time transactional and advisory fees related to the merger.

  • Cash and cash equivalents at September 30, 2025 were $5.7 million, up from $23,001 at December 31, 2024, due to private placement and ATM financing.

  • Operating expenses increased to $9.3 million from $882,543 year-over-year, mainly due to merger-related costs and higher G&A expenses.

Outlook and guidance

  • Current cash and financing expected to fund operations for at least 15 months, including initiation of pivotal trial for VT-1953.

  • Additional funding will be required to complete clinical trials and advance other pipeline programs.

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Frequently asked questions

ReShape Lifesciences Inc. is a medical device company specializing in weight-loss solutions and metabolic health treatments. The company’s product portfolio includes minimally invasive devices designed to assist in weight management, such as intragastric balloon systems and laparoscopic medical implants. ReShape also provides support programs and digital tools to aid patients and healthcare providers in managing obesity and related health conditions. The company is headquartered in San Clemente, California, and its shares are listed on the NASDAQ Stock Exchange.

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