Femasys Q3 sales rise, driven by FemBloc sales

Reuters11-15
Femasys Q3 sales rise, driven by FemBloc sales

Overview

  • Femasys Q3 sales increased 31.4% yr/yr, driven by FemBloc sales

  • Company reduced Q3 net loss compared to prior year

  • Femasys secured $12 mln financing

Outlook

  • Company expects cash to fund operations into September 2026

  • Femasys advancing toward U.S. approval of FemBloc

  • Company expanding FemBloc commercialization in Europe and Asia-Pacific

Result Drivers

  • FEMBLOC SALES - Sales increase driven by FemBloc, a non-surgical permanent birth control product

  • REGULATORY APPROVALS - UK and New Zealand approvals expand FemBloc market reach

  • COST REDUCTION - Decreased R&D expenses due to commercialization and reduced costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

-$0.10

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

  • Wall Street's median 12-month price target for Femasys Inc is $6.00, about 86.2% above its November 13 closing price of $0.83

Press Release: ID:nGNX1LQMYg

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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