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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.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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