earnings
confidence high
sentiment neutral
materiality 0.65
Q1 rev $8.9M (+2%); net loss $5.1M; DrugSorb-ATR FDA submission delayed to late 2026/early 2027
Cytosorbents Corp
2026-Q1 EPS
reported -$0.08
vs consensus -$0.06
▼ miss
(-42.6%)
- Revenue $8.9M, +2% YoY; gross margin 69% vs 71% in Q1 2025.
- Net loss $5.1M ($0.08/share) vs $1.5M ($0.02) in Q1 2025, driven by non-cash FX; adjusted net loss improved to $3.4M ($0.05).
- Cash $6.4M vs $7.8M Dec 31; cash burn $1.1M (excl. $0.3M restructuring); targeting operating cash flow breakeven H2 2026.
- DrugSorb-ATR for Brilinta: new De Novo submission delayed to late 2026/early 2027 after FDA requested additional mechanistic data.
- Distributor orders delayed ~$500k in Middle East due to U.S.-Iran war; Germany direct sales slightly down but with smaller team.