CytoSorbents Reports Q1 2025 Product Sales of $8.7M, Marking 3% Decrease Year-Over-Year, Despite Strong International Performance

Reuters
2025/06/05
CytoSorbents Reports Q1 2025 Product Sales of $8.7M, Marking 3% Decrease Year-Over-Year, Despite Strong International Performance

CytoSorbents Corporation reported its financial results for the first quarter of 2025, highlighting a slight decrease in product sales. Q1 2025 product sales amounted to $8.7 million, representing a 3% year-over-year decrease. Despite this decline, on a constant currency basis, sales were flat. The company experienced strong performance from international distribution and other direct sales countries, which significantly offset the disruption in German direct sales. This disruption was due to a proactive reorganization and strategic realignment of the German sales team and strategy during the quarter. The company aims to return to growth in Germany in the second half of 2025, following two consecutive years of flat sales. The product gross margin remained steady at 71%, consistent with the average from 2024. CytoSorbents is also making significant operational progress, with a focus on managing its total core business towards near breakeven in the second half of 2025. The company continues to leverage its platform blood purification technology, with two main products designed for the treatment of life-threatening conditions in the ICU and cardiac surgery. In 2024, CytoSorbents recorded core product sales of $35.6 million. CytoSorbents remains committed to addressing operational challenges and executing strategic initiatives to drive future growth and profitability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CytoSorbents Corporation published the original content used to generate this news brief on June 04, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10