InspireMD Inc (STU:II2)
€ 0.60 +0.030 (+5.26%) Market Cap: 29.32 Mil Enterprise Value: -4.53 Mil PE Ratio: 0 PB Ratio: 0.76 GF Score: 47/100

Q1 2025 InspireMD Inc Earnings Call Transcript

May 9, 2025 / 12:30 PM GMT
Release Date Price: €2.22 (-3.48%)

Key Points

Positve
  • InspireMD Inc (NSPR) reported a 1.2% year-over-year growth in revenue, reaching $1.53 million for the first quarter of 2025.
  • The company has sold approximately 64,000 Seaguard stents to date, showcasing its expertise and strong market presence.
  • InspireMD Inc (NSPR) is optimistic about receiving FDA approval for Seaguard Prime in the third quarter of 2025, which is expected to drive significant demand.
  • The company has built a strong commercial and operational team in anticipation of the US launch, with 20 high-powered sales and marketing professionals already onboarded.
  • InspireMD Inc (NSPR) is advancing its clinical pipeline with strong enrollment in the Sea Guardians 2 pivotal study and plans for the Sea Guardians 3 IDE submission.
Negative
  • The company's gross profit for the first quarter of 2025 remained flat compared to the previous year, with a gross margin of only 19.1%.
  • Operating expenses increased by 52.5% to $11.75 million, primarily due to higher salaries and launch preparations.
  • Net loss for the first quarter of 2025 was $11.17 million, a significant increase from the previous year's net loss of $732,000.
  • Cash and cash equivalents decreased substantially to $2.69 million as of March 30, 2025, from $34.64 million at the end of 2024.
  • The timeline for FDA approval of Seaguard Prime has been slightly pushed to Q3 2025 due to delays in the facility site audit and subsequent feedback process.


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

NSPR.OQ - InspireMD Inc
Q1 2025 InspireMD Inc Earnings Call
May 09, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Please stand by. Your program is about to begin.

If you need audio assistance during today's program, please press 0.

Good morning and welcome to Inspire MD's first quarter 2025 earnings conference call.

Currently all participants are in a listen-only mode.

We will be facilitating a question answer session towards the end of today's call.

As a reminder, this call is being recorded for replay purposes. I would now like to turn the call over to Web Campbell from Gil Martin Group for introductory disclosures.

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Unidentified_2 [2]
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