InspireMD Inc ( (NSPR) ) has released its Q1 earnings. Here is a breakdown of the information InspireMD Inc presented to its investors.
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InspireMD Inc., a company specializing in the development of the CGuard™ Prime carotid stent system for carotid artery disease treatment and stroke prevention, operates within the medical device industry and is known for its proprietary MicroNet® technology.
InspireMD has reported its financial results for the first quarter of 2025, highlighting ongoing engagement with the FDA for the anticipated approval of its CGuard Prime carotid stent system in the U.S. The company is preparing for a potential U.S. launch later this year, with significant progress in its commercial infrastructure and operational readiness.
The financial results indicate a slight increase in revenue by 1.2% to $1.529 million, driven by the adoption of CGuard technology in existing markets. However, operating expenses surged by 52.5% to $11.752 million, primarily due to preparations for the U.S. launch and expansion of the sales force. The net loss for the quarter widened to $11.166 million, reflecting these increased expenditures.
Despite the financial challenges, InspireMD is optimistic about its future, with CEO Marvin Slosman expressing confidence in the company’s strategic roadmap and the upcoming FDA approval. The company is poised for transformative milestones that could significantly impact its growth trajectory in the U.S. market.