Picard Medical, Inc. ( (PMI) ) has released its Q2 earnings. Here is a breakdown of the information Picard Medical, Inc. presented to its investors.
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Picard Medical, Inc., a company in the medical device sector, specializes in the design, manufacture, and sale of products including the SynCardia total artificial heart, an implantable system for patients with advanced heart failure. In its latest earnings report for the quarter ending June 30, 2025, Picard Medical, Inc. reported a net loss of $6.7 million, a significant increase from the $4.1 million loss in the same period last year. The company’s revenues rose to $2.1 million from $694,000, driven by product sales, but this was offset by higher costs and operating expenses. Key financial metrics indicate a challenging quarter for Picard Medical, with a gross loss of $127,000 and operating expenses totaling $3.4 million. The company also faced increased interest and derivative expenses, contributing to a total comprehensive loss of $6.7 million. Looking ahead, Picard Medical’s management acknowledges the need for additional financing to support operations and growth, as the company continues to navigate financial challenges and aims to achieve positive cash flows in the future.