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Jun 30, 2023

Pulse Biosciences Q2 2023 Earnings Report

Announced financial results for the second quarter ended June 30, 2023.

Key Takeaways

Pulse Biosciences reported a GAAP net loss of $9.9 million for the three months ended June 30, 2023, compared to a $14.0 million loss for the same period in the prior year. Cash and cash equivalents totaled $58.7 million as of June 30, 2023.

Achieved encouraging preclinical results with nsPFA cardiac clamp and catheter products.

Observed potential for nsPFA to advance the standard of care for atrial fibrillation treatment.

Preliminary findings in first-in-human feasibility study using nsPFA surgical end-effector to ablate benign thyroid nodules validated engineering and potential for safe and effective human tissue ablation in surgery.

Focused on gaining clearance for a cardiac ablation clamp and advancing the catheter toward first-in-human studies.

Total Revenue
$0
Previous year: $265K
-100.0%
EPS
-$0.19
Previous year: -$0.38
-50.0%
Cash and Equivalents
$58.7M
Previous year: $14.8M
+296.6%
Free Cash Flow
-$9.22M
Previous year: -$12.8M
-28.2%
Total Assets
$74.8M
Previous year: $40.6M
+84.1%

Pulse Biosciences

Pulse Biosciences