Delcath Systems Inc (NAS:DCTH)

Q3 2025 Delcath Systems Inc Earnings Call Transcript

Nov 4, 2025 / 01:30 PM GMT

Release Date Price: $9.09 (-4.52%)

Transcript 10-Q8-K

Key Points

Positve

Delcath Systems Inc (DCTH) reported compelling results from the Chopin trial, showing significant improvements in progression-free survival and overall survival.
The company has expanded its US sales force from 4 to 6 regions and plans further expansion to 9 regions by the second quarter of 2026.
Revenue from Hepsato sales increased to $19.3 million in Q3 2025, up from $10 million in the same period in 2024.
Delcath Systems Inc (DCTH) achieved a gross margin of 87% in the third quarter, an improvement from 85% in the prior year.
The company ended the quarter with approximately $89 million in cash and investments, maintaining a strong financial position with no outstanding debt obligations.

Negative

The average revenue per kit sold decreased by approximately 13% due to 340B pricing related to NDRA participation.
There was a slowdown in the pace of site activation from June to August, although it has since returned to a steadier pace.
New patient starts experienced a slowdown partially due to summer seasonality and scheduling capacity challenges during holiday periods.
Research and development expenses increased to $8.0 million in Q3 2025, up from $3.9 million in the prior year.
Net income for the third quarter of 2025 was $0.8 million, a decrease from $1.9 million in the same period last year.

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

DCTH.OQ - Delcath Systems Inc
Q3 2025 Delcath Systems Inc Earnings Call
Nov 04, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen.

Good morning and welcome to the Dell Cat Systems 3rd quarter 2025 earnings conference call.

At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone requires operator assistance during the conference, please signal the operator by pressing and 0 on the telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mr. David Hoffman, Delca's general counsel. Please go ahead.

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Unidentified_2 [2]
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