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Renovaro Q3 2025 Earnings Report
Estimated Revenue:$NaN
Estimated EPS:$NaN
Key Takeaways
Renovaro Inc. reported a net income of $189,176 for the three months ended March 31, 2025, a substantial improvement compared to a net loss of $(58,990,070) in the same period last year. This positive shift was primarily due to a significant change in the fair value of contingent consideration and a decrease in overall operating expenses, despite no revenue generation.
Renovaro achieved a net income of $189,176 in Q3 2025, a significant turnaround from a net loss of $(58,990,070) in Q3 2024.
Operating expenses decreased by 92% to $4,162,492, largely due to a reduction in intangible asset impairment.
The company reported a positive change in the fair value of contingent consideration of $4,330,000, compared to a negative change of $(7,289,156) in the prior year.
Cash and cash equivalents increased to $923,002 as of March 31, 2025, up from $220,467 at June 30, 2024.
Renovaro
Renovaro
Forward Guidance
Renovaro Inc. anticipates continued losses until therapies or products are approved for marketing and sale. The company plans to secure additional funding through equity or debt financing to support commercialization, clinical and regulatory work, and build working capital reserves.
Positive Outlook
- Focus on AI-driven cancer diagnostics platform development and validation.
- Intention to secure additional funding through equity or debt financing.
- Funding expected to satisfy existing and future obligations and working capital needs.
- Support for commercialization of products and clinical/regulatory work for product candidates.
- Plans to build working capital reserves.
Challenges Ahead
- No sales revenue generated to date, and none anticipated until product approval.
- Uncertainty regarding the availability of additional funding on reasonable terms.
- Potential for significant additional dilution to stockholders from equity financing.
- Risk of depletion of cash resources and potential suspension of operations without additional funding.
- Adverse outcomes in legal or regulatory proceedings could negatively impact liquidity and financial position.
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Key Statistics
Market Cap
$55M
P/E Ratio
-0.29
Sector
Health Technology
Industry
Biotechnology
52-Week High
$1.88
52-Week Low
$0.168
$4.22M
-$94.1K
$47.6M
$32K
$4.33M