tiprankstipranks
Pulse Biosciences Reports Q3 2024 Financials and Developments
Company Announcements

Pulse Biosciences Reports Q3 2024 Financials and Developments

Pulse Biosciences Inc ( (PLSE) ) has realeased its Q3 earnings. Here is a breakdown of the information Pulse Biosciences Inc presented to its investors.

Don't Miss our Black Friday Offers:

Pulse Biosciences, Inc., headquartered in Miami, Florida, is a bioelectric medicine company focused on advancing its proprietary Nanosecond Pulsed Field Ablation technology, which has applications in various medical fields including atrial fibrillation treatment.

In its latest earnings report, Pulse Biosciences announced key developments in its clinical programs and financial results for the third quarter of 2024. The company has made strides in placing its medical systems at several sites in the U.S. and Europe, with plans for pivotal clinical trials in the U.S. set for mid-2025.

The company’s financial performance showed an increase in total costs and expenses to $13.7 million for the quarter, driven by stock-based and other compensations, while the net loss rose to $12.7 million from $10.6 million the previous year. Despite the losses, the company holds a strong cash position of $79 million, bolstered by a recent rights offering.

Looking ahead, Pulse Biosciences is poised to begin pivotal clinical trials in the U.S. for its devices next year, with an aim to commercialize its technology further. The management remains focused on expanding its clinical and regulatory capacities to support anticipated growth.

Related Articles
TheFlyPulse Biosciences announces ‘positive’ clinical data presented at meeting
TheFlyPulse Biosciences names Kenigsberg as Chief Medical Officer of Electrophysiology
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App