VolitionRX Ltd (AMEX:VNRX)
$ 0.58 +0.24 (+71.82%) Market Cap: 8.40 Mil Enterprise Value: 15.65 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 54/100

Q3 2025 VolitionRX Ltd Earnings Call Transcript

Nov 14, 2025 / 01:30 PM GMT
Release Date Price: $6.62 (-6.60%)

Key Points

Positve
  • VolitionRX Ltd (VNRX) signed two significant agreements this quarter: a research license and exclusive commercial option rights agreement with Werfin for antiphospholipid syndrome (APS) and a co-marketing and service agreement with Hologic.
  • Revenue for the third quarter grew by 32% compared to the same quarter last year, reaching $0.6 million.
  • Operating expenses decreased by 10% year-on-year and 18% for the first three quarters, reflecting strong cost management.
  • VolitionRX Ltd (VNRX) is making progress in the veterinary market with the validation of the I-10 analyzer for centralized labs, which could lead to increased revenue from wellness panels.
  • The company is actively engaged in discussions with around 10 leading diagnostic and liquid biopsy companies, indicating potential for future licensing deals.
Negative
  • Revenues remain unpredictable and lumpy at this early stage of commercialization, making it difficult to provide revenue guidance.
  • The company is still in the process of validating its products on clinical samples, which means revenue from new agreements has not yet been realized.
  • The milestone payment for feline cancer testing has been delayed due to challenges in finding cats with cancer for study completion.
  • The market for APS, while significant, is not one of the largest, with a total addressable market of approximately $85 to $90 million annually.
  • Despite cost reductions, the company continues to face a challenging market environment for raising capital, necessitating careful financial management.


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

VNRX.A - VolitionRX Ltd
Q3 2025 VolitionRX Ltd Earnings Call
Nov 14, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Volition RX Limited, 3rd quarter 2025 earnings conference call. During today's call, all parties will be in a listen-only mode. Following the presentation, the conference call will be open for questions. If you have a question, please press the star key followed by the number 1 on your touchstone phone. If you would like to withdraw your question, please press the star key followed by the number 2.

If you're using speaker equipment, please lift the handset before making your selections. This conference is being recorded today, November 14, 2025. I would now like to turn the conference over to Louise Batchelor, Group Chief Marketing and Communications Officer.
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