EL CAJON, Calif.--(BUSINESS WIRE)--October 29, 2025--
PURE Bioscience, Inc. (OTCQB: PURE) ("PURE," the "Company" or "we"), creator of the patented non-toxic silver dihydrogen citrate $(SDC)$ antimicrobial, today reported financial results for the fiscal year ended July 31, 2025.
Summary of Results -- Year-End Operations
-- Net product sales were $2,198,000 and $1,955,000 for the fiscal years
ended July 31, 2025 and 2024, respectively. The $243,000 increase was
attributable to increased sales across our end-user and distribution
network.
-- Net loss for the fiscal year ended July 31, 2025 was ($2.4 million),
compared to ($3.4 million) for the fiscal year ended July 31, 2024.
During the current fiscal year, the Company significantly reduced
personnel, facility and board fees.
-- Net loss, excluding share-based compensation, for the fiscal year ended
July 31, 2025 was ($2.3 million), compared to ($3.1 million) for the
fiscal year ended July 31, 2024.
-- Net loss per share was ($0.02) for the fiscal year ended July 31, 2025,
compared to ($0.03) for the fiscal year ended July 31, 2024.
-- Net cash used in operations for the fiscal year ended July 31, 2025 was
($2.0 million), compared to ($2.5 million) for the fiscal year ended July
31, 2024.
Business Update
In fiscal year 2025, we took bold steps to redefine who we are and where we are headed. Through our rebranding partnership with Branded By Greenville, we revitalized our identity to better connect with both long-standing partners and new audiences. This refreshed brand reflects our commitment to innovation, integrity, and impact across every market we serve.
Throughout the year, we focused on advancing our mission to transform sanitation and safety in food and beverage manufacturing. Leveraging our proprietary SDC technology, we developed a groundbreaking membrane treatment solution designed specifically for dairy and beverage producers. Working closely with our distribution partners and leading researchers at a California State University Dairy Pilot Processing Center, we successfully piloted Ultra-Filtration (UF) and Reverse Osmosis (RO) systems. These trials paved the way for the commercial launch of a next-generation membrane treatment that eliminates fouling, restores throughput, prevents bacterial contamination, and extends the lifespan of filtration systems--all without damaging membranes.
To strengthen our reach and accelerate growth, we expanded our distribution network in the second quarter through a new agreement with Hydrite Chemical Company, a respected leader in the dairy and food processing industries. In the fourth quarter, we built on this momentum by forming a strategic partnership with Bonsai, a premier provider of American-made cleaning solutions. This collaboration now makes our products accessible to small businesses and individual customers through Bonsai's online platform at https://bonsaiclean.com/products/pure-bioscience-sanitizers-disinfectants, allowing us to serve a broader audience with the same science-backed solutions trusted by major manufacturers.
Looking ahead, we are deepening our investment in innovation and market expansion. We are actively engaging in targeted marketing initiatives, trade shows, and advertising campaigns within the dairy and beverage sectors to showcase our revolutionary membrane treatment technology. At the same time, we are continuing to train and empower our distributor network to drive adoption and commercial success. Our ongoing research and development partnerships with academic leaders and scientific experts are focused on pushing the boundaries of what SDC technology can achieve--developing advanced cleaning and sanitization solutions that enhance food safety, protect public health, and create a more sustainable future for all.
Robert Bartlett, Chief Executive Officer, stated, "Over the past fiscal year, we expanded our core business by 14% and developed a new solution for treating membranes in the dairy and beverage industries. Leveraging our SDC technology and expanding into these markets are key strategies for generating additional revenue as we continue to grow our core business. We are working closely with our distributors to enable our technical teams to address unmet needs within the industries they serve, and we will share our progress as we continue developing innovative solutions to industry challenges."
About PURE Bioscience, Inc.
PURE is committed to redefining chemical safety through its innovative technology. With a focus on efficacy and effectiveness, PURE develops advanced solutions that meet the highest safety standards and produce best-in-class results for its consumers and distributors. PURE continues to focus on developing and commercializing our proprietary antimicrobial products, primarily in the food and beverage industry. We provide solutions to combat the health and environmental challenges posed by pathogens and ensure hygienic control. Our technology platform is based on patented, stabilized ionic silver, and our products contain silver dihydrogen citrate, better known as SDC. This broad-spectrum, non-toxic antimicrobial agent formulates well with other compounds. As a platform technology, SDC is distinguished from existing products in the marketplace because of its superior efficacy, reduced toxicity, and mitigation of bacterial resistance. Additional information on PURE is available at www.purebio.com.
Forward-looking Statements: Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Statements in this press release, including quotes from management, concerning the Company's expectations, plans, business outlook, future performance, future potential revenues, expected results of the Company's marketing efforts, the execution of contracts under negotiation, and any other statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements." Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company's failure to implement or otherwise achieve the benefits of its proposed business initiatives and plans; acceptance of the Company's current and future products and services in the marketplace, including the Company's ability to convert successful evaluations and tests for PURE products into customer orders and customers continuing to place product orders as expected and to expand their use of the Company's products; the Company's ability to maintain relationships with its partners and other counterparties; the Company's ability to generate sufficient revenues and reduce its operating expenses in order to reach profitability; the Company's ability to raise the funding required to support its continued operations and the implementation of its business plan; the ability of the Company to develop effective new products and receive required regulatory approvals for such products, including the required data and regulatory approvals required to use its SDC-based technology; competitive factors, including customer acceptance of the Company's SDC-based products that are typically more expensive than existing treatment chemicals; dependence upon third-party vendors, including to manufacture its products; and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission (the SEC), including its Form 10-K for the fiscal year ended July 31, 2025. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
PURE Bioscience, Inc.
Consolidated Balance Sheets
July 31, 2025 July 31, 2024
-------------- ----------------
Assets
Current assets
Cash and cash equivalents $ 334,000 $ 349,000
Accounts receivable 474,000 298,000
Inventories, net 141,000 56,000
Restricted cash 75,000 75,000
Prepaid expenses 23,000 27,000
------------ ------------
Total current assets 1,047,000 805,000
Property, plant and equipment, net 11,000 13,000
------------ ------------
Total assets $ 1,058,000 $ 818,000
============ ============
Liabilities and stockholders'
deficiency
Current liabilities
Accounts payable $ 784,000 $ 601,000
Accrued liabilities 154,000 132,000
------------ ------------
Total current liabilities 938,000 733,000
------------ ------------
Convertible notes payable to
related parties 5,236,000 2,949,000
Total liabilities 6,174,000 3,682,000
------------ ------------
Commitments and contingencies
Stockholders' deficiency
Preferred stock, $0.01 par value:
5,000,000 shares authorized, no
shares issued and outstanding -- --
Common stock, $0.01 par value:
200,000,000 shares authorized,
111,886,473 shares issued and
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