earnings
confidence high
sentiment positive
materiality 0.80
RenovoRx Q1 revenue ~$200K from RenovoCath sales; TIGeR-PaC trial 91 patients randomized
RenovoRx, Inc.
2025-Q1 EPS reported
-$0.08
revenue$197,000
- Q1 2025 revenue of ~$200K from commercial RenovoCath sales, exceeding internal expectations; gross profit $103K.
- Cash $14.6M as of Mar 31, 2025, up from $7.2M at Dec 31, 2024; funds commercial scale-up and trial completion.
- Phase III TIGeR-PaC trial: 91 patients randomized, 56 events (second interim analysis triggered); DMC review expected Q3 2025.
- Net loss $2.4M vs $1.1M in Q1 2024 due to higher operating costs and lower warrant liability gain.
- Management and Board purchased ~143K shares; new U.S. patent issued for TAMP platform (19 patents total).