Plus Therapeutics Posts Wider Than Expected Losses Despite Revenue Gains in Q1 2025

Published 1 days agoPSTV

Plus Therapeutics Posts Wider Than Expected Losses Despite Revenue Gains in Q1 2025

Plus Therapeutics, Inc., trading under NASDAQ as PSTV, recently disclosed its financial results for the first quarter of 2025, revealing a GAAP EPS of -$1.19. This figure fell short of analyst expectations by $0.97, highlighting the firm’s struggle to meet financial forecasts. Despite this, the company managed to generate $1.06 million in revenue for the quarter.

The company reported a net loss of $3.26 million, or $0.75 per share, which marks an improvement from last year's net loss of $4.81 million, or $2.07 per share. Operating losses also decreased from $4.7 million last year to $3.3 million this quarter. In terms of grants, Plus Therapeutics recognized $1.68 million in grant revenue, notably higher than the $0.51 million received in the same period of the previous year. However, their cash and investments balance saw a decline to $4.8 million as of March 31, 2025, down from $8.6 million at the end of 2024.

In terms of clinical developments, Plus Therapeutics received FDA approval to start enrolling patients for their ReSPECT-LM trial targeting leptomeningeal metastases, which is set to begin in early 2025. This development is part of the company's broader strategy to advance its lineup of targeted radiotherapeutics for central nervous system cancers. The ongoing strategic efforts reflect Plus Therapeutics' commitment to overcoming financial and operational challenges while focusing on expanding its innovative therapeutic pipeline.

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