RenovoRx Inc. Reports Q2 2025 Revenue of Over $400,000, Marking Significant Commercial Growth for RenovoCath Device

Reuters
2025/08/15
<a href="https://laohu8.com/S/RNXT">RenovoRx Inc</a>. Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Revenue of Over $400,000, Marking Significant Commercial Growth for RenovoCath Device

RenovoRx Inc. has announced its financial results for the second quarter ended June 30, 2025. The company reported a revenue of over $400,000 from its RenovoCath device, highlighting strong demand for this FDA-cleared drug-delivery product. This marks a notable achievement for RenovoRx, as this revenue was generated without a dedicated sales and marketing team. The company also reported a net loss of $2.9 million for the quarter, an increase from the $2.4 million net loss recorded in the same period of the previous year. This $0.5 million increase in net loss was primarily attributed to a change in the fair value of the warrant liability amounting to $0.9 million, which was partially offset by a decrease in other losses. RenovoRx has also recently hired Phil Stocton as Senior Director of Sales and Market Development to build commercialization momentum and further expand its market presence. Additionally, the company announced a positive recommendation from an independent data monitoring committee to continue its pivotal Phase III TIGeR-PaC trial, based on an interim data review. As of June 30, 2025, RenovoRx had $12.3 million in cash and cash equivalents.

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. RenovoRx Inc. published the original content used to generate this news brief on August 14, 2025, and is solely responsible for the information contained therein.

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