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Windtree Therapeutics (WINT) investor relations material

Windtree Therapeutics Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary19 Aug, 2025

Executive summary

  • Focused on advancing therapies for critical conditions, with lead candidate istaroxime in Phase 2 for heart failure and cardiogenic shock; new strategy launched in 2025 to acquire revenue-generating subsidiaries and FDA-approved products.

  • Terminated SEISMIC C study in severe cardiogenic shock due to resource constraints, shifting focus to broader acute heart failure market with licensing partner planning a global Phase 3 study.

  • Launched a crypto treasury strategy in July 2025, entering a $60M securities purchase agreement to acquire BNB as a reserve asset, with potential to expand to $200M.

Financial highlights

  • Net loss was $10.6M for Q2 2025 and $14.7M for the first half of 2025, compared to $12.0M and $1.8M for the same periods in 2024.

  • Operating expenses for Q2 2025 were $4.0M, down from $11.5M in Q2 2024, mainly due to lower R&D costs.

  • Cash and cash equivalents were $0.3M as of June 30, 2025, with current liabilities of $15.7M.

  • Raised $8.8M in financing in H1 2025, including private placements, equity line of credit, and warrant exercises.

Outlook and guidance

  • Management expects continued operating losses for several years and is seeking additional capital through securities offerings, debt, or strategic transactions.

  • Sufficient resources are available to fund operations through December 2025, but not for 12 months beyond the report date, raising substantial doubt about going concern.

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Frequently asked questions

Windtree Therapeutics Inc. is a U.S.-based biotechnology company focused on developing innovative therapies for acute cardiovascular and pulmonary conditions. The company’s pipeline includes drug candidates and technologies aimed at treating heart failure, acute respiratory distress syndrome (ARDS), and other serious cardiopulmonary diseases. Windtree’s research leverages expertise in both synthetic surfactants and precision pharmacology to address critical, unmet medical needs in hospital and critical care settings. The company is headquartered in Warrington, Pennsylvania, and its shares are listed on the Nasdaq.

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