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Scinai Immunotherapeutics (SCNI) investor relations material
Scinai Immunotherapeutics Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary2 Dec, 2025
Executive summary
Revenue for the nine months ended September 30, 2025, more than doubled year-over-year, driven by CDMO expansion and U.S. subsidiary contributions.
R&D expenses declined significantly due to lower employee and facility allocations.
Net loss of $6.2M versus prior year net profit, reflecting absence of prior year’s one-time financial income from loan conversion.
CDMO business continues to grow, with new grants and investments in advanced manufacturing capabilities.
NanoAbs pipeline advanced, with multiple grant applications and strategic partnering efforts underway.
Financial highlights
Revenue for the nine months ended September 30, 2025: $1.05M, up from $452K year-over-year.
R&D expenses: $1.8M, down from $4.2M year-over-year.
Marketing, general, and administrative expenses: $1.93M, up from $1.77M year-over-year.
Net loss: $6.24M, compared to net profit of $7.03M in the prior year period.
Cash, cash equivalents, and short-term deposits: $3.01M as of September 30, 2025.
Outlook and guidance
Two EU STEP grant decisions (up to €15M each) expected in Q1 2026 for NanoAbs programs.
Installation and qualification of new sterile fill-and-finish system expected in Q1 2026, with commercial operation in Q2 2026.
Strategic assessment ongoing for PC111 program following grant rejection, with options including new grant applications or program termination.
Impact of new fill-and-finish system on CDMO
Status of
30M NanoAbs EU STEP grant applications?
PC111 program's path after grant rejection
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Frequently asked questions
Scinai Immunotherapeutics Ltd., formerly known as BiondVax Pharmaceuticals Ltd., is an Israeli biopharmaceutical company primarily engaged in the development, manufacture, and commercialization of innovative biological products. The company's focus is on inflammation and immunology, with a particular emphasis on autoimmune and infectious diseases. Scinai's product development pipeline includes a range of nanosized antibodies, known as NanoAbs, derived from alpacas. These antibodies target various diseases with significant unmet medical needs. Additionally, Scinai operates a boutique contract development and manufacturing organization (CDMO) that provides comprehensive services to pharmaceutical, biotech, and alternative protein food tech companies. The company is headquartered in Jerusalem, Israel, and its shares are listed on the NASDAQ.
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