Q2 2026 Cytosorbents Corp Earnings Call Transcript

Aug 6, 2026 / 08:30 PM GMT

Release Date Price: $0.3986 (+3.61%)

Transcript 8-K10-Q

Key Points

Positve

Operating cash burn significantly reduced to approximately $200,000, nearing breakeven.
Gross margins improved to 73%, reflecting manufacturing efficiency gains.
Distributor network revenue grew 16% year-over-year, with direct sales outside Germany up 9%.
Drugsorb ATR clinical data showed a 58% risk reduction in severe bleeding events in the CABG per-protocol population.
Hemodefen BGA received constructive FDA feedback on a clinical pathway, with potential for non-dilutive government funding.

Negative

Germany revenue remains challenged due to headcount restrictions post-restructuring.
Primary efficacy endpoint of the STAR-T trial was missed, leading to FDA denial of the original de novo application.
Middle East business was temporarily affected by geopolitical instability, impacting revenue.
Cash position remains low at $5.9 million, with ongoing need for financing.
Regulatory approval for Drugsorb ATR is delayed, requiring additional data and a new submission.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTSO.OQ - Cytosorbents Corp
Q2 2026 Cytosorbents Corp Earnings Call
Aug 06, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and welcome to Saito Sorbent's second quarter earnings call conference call. At this time, all lines are in listen-only mode.

Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press *0 for the operator. This call is being recorded on Thursday, August 6th, 2026.

I would now like to turn the conference over to Pete Mariani. Please go ahead.

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Unidentified_2 [2]
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Thank you, Matthew, and good afternoon, everyone.

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