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Mar 30, 2025
Actinium Q1 2025 Earnings Report
Actinium Pharmaceuticals, Inc. reported a net loss of $15.9 million for Q1 2025, an increase from the $8.7 million net loss in Q1 2024, primarily due to higher research and development and general and administrative expenses.
Key Takeaways
Actinium Pharmaceuticals, Inc. experienced a significant increase in net loss for the first quarter of 2025, reaching $15.9 million compared to $8.7 million in the same period last year. This was primarily driven by higher research and development expenses and increased general and administrative costs, largely due to non-cash stock-based compensation.
Net loss increased to $15.9 million in Q1 2025 from $8.7 million in Q1 2024.
Total operating expenses rose to $16.6 million in Q1 2025 from $9.6 million in Q1 2024.
Research and development expenses, net of reimbursements, increased by $1.1 million, reaching $7.7 million in Q1 2025.
General and administrative expenses significantly increased by $5.9 million, totaling $8.9 million in Q1 2025, primarily due to higher non-cash stock-based compensation.
Forward Guidance
Actinium Pharmaceuticals, Inc. expects its existing resources to be sufficient to fund planned operations for more than 12 months from the report date. The company anticipates a reduction in personnel-related expenses for the remainder of 2025 due to a workforce optimization.
Positive Outlook
- Existing resources are expected to be sufficient to fund planned operations for more than 12 months.
- Workforce optimization is expected to reduce personnel-related expenses by approximately $1.15 million for the remainder of 2025.
- The company believes it has been successful in attracting skilled and experienced personnel despite competitive hiring market.
- The company continues to engage external consultants on an as-needed basis to temporarily supplement existing staff.
- The company is actively seeking a strategic partner for Iomab-B in the U.S. to advance additional studies and trials required by the FDA.
Challenges Ahead
- The company anticipates continued net losses in the future as it continues research and development efforts, clinical trials, and building manufacturing, sales, marketing, and distribution capabilities.
Historical Earnings Impact
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