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Mar 31, 2023

Pulse Biosciences Q1 2023 Earnings Report

Pulse Biosciences reported financial results for Q1 2023 and provided business updates.

Key Takeaways

Pulse Biosciences reported a GAAP net loss of $9.8 million for the first quarter of 2023, compared to a $17.3 million loss in the prior year period. Cash and cash equivalents totaled $54.1 million as of March 31, 2023. The company advanced its preclinical and regulatory objectives for its two novel nsPFA devices.

Advanced preclinical and regulatory objectives for surgical ablation clamp and cardiac ablation catheter.

Preclinical evidence continues to demonstrate differentiated benefits of nsPFA.

Expanded leadership team with the appointment of Chief Medical Officer, Dr. Gan Dunnington.

Total GAAP cost and expenses were $9.6 million, compared to $17.7 million for the prior year period.

Total Revenue
$0
Previous year: $444K
-100.0%
EPS
-$0.23
Previous year: -$0.47
-51.1%
Cash and Equivalents
$54.1M
Previous year: $12.7M
+326.8%
Free Cash Flow
-$6.61M
Previous year: -$15.9M
-58.4%
Total Assets
$64.2M
Previous year: $39.5M
+62.5%

Pulse Biosciences

Pulse Biosciences

Forward Guidance

Pulse Biosciences is focused on the development of its nsPFA technology for use in electrophysiology and the treatment of atrial fibrillation.