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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.
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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