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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.Q2 2025 earnings summary7 Aug, 2025
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.
How does EDEN study inform PMX labeling?
Vantive's PrisMax 510(k) impact on PMX adoption?
Why shelf prospectus after Vantive non-dilutive funding?
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Next Spectral Medical earnings date
Q3 20257 Nov, 2025
Next Spectral Medical earnings date
Q3 20257 Nov, 2025
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Frequently asked questions
Spectral Medical Inc is a Canadian biotechnology company focused on the development of diagnostics and therapeutics for sepsis and septic shock. The company’s product portfolio includes medical devices and biologics that aid in early detection and targeted treatment of systemic inflammatory conditions. It works with clinical partners and regulatory authorities to support commercialization efforts. The company is headquartered in Toronto, Ontario, and its shares are listed on the TSX.
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