earnings
confidence high
sentiment neutral
materiality 0.70
Citius Oncology reports Q2 FY2026 net loss $26.6M; LYMPHIR revenue $1.7M, launch progressing
CITIUS ONCOLOGY, INC.
2026-Q2 EPS reported
-$0.34
revenue$5,611,409
- Net product revenues $1.7M in Q2 ($5.6M H1) vs $0 prior year; gross margin 80%.
- Net loss $26.6M vs $7.7M prior year, driven by $19.7M one-time CMO contract cancellation.
- Cash $2.6M at March 31; subsequent $11.5M warrant exercise and $10M debt tranche from Avenue Capital ($25M facility).
- 83% of target accounts on formulary or in review; near 100% payer coverage; initial European shipment.
- Hired Jefferies as exclusive financial advisor to evaluate strategic alternatives; combined cash runway through Nov 2026.
item 2.02item 9.01