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Spectral Medical (EDT) investor relations material
Spectral Medical Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Completed patient enrollment in the pivotal Phase III Tigris trial for PMX in April 2025; topline results expected mid-August 2025.
All non-clinical PMA modules submitted to FDA; clinical data submission targeted by end of October 2025.
Secured non-dilutive financing of up to US$10 million from commercialization partner Vantive.
Ongoing commercialization planning with Vantive, including 510(k) submission for the PrisMax system.
Financial highlights
Q2 2025 revenue was $813,000, up 73% year-over-year; six-month revenue rose 22% to $1,385,000.
Q2 product revenue increased 86% year-over-year to $403,000, mainly due to Vantive's PMX purchases.
Q2 operating expenses decreased 47% year-over-year to $2,514,000, driven by non-cash finance income.
Q2 net loss narrowed to $1,933,000 ($0.00/share) from $4,402,000 ($0.02/share) year-over-year.
Cash at June 30, 2025 was $3,100,000, up from $2,988,000 at December 31, 2024.
Outlook and guidance
Topline Tigris results expected mid-August 2025; clinical PMA submission to FDA by end of October 2025.
Market readiness and commercialization efforts aligned with potential FDA approval timelines.
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