Corporate Highlights from 1Q 2026 to date
- Advanced initial commercial adoption of FemaSeed Complete, positioning
Femasys to expand access to first-line fertility treatment through integrated, in-office care by OB/GYNs, supporting earlier intervention prior to referral to higher-cost specialty care. - Launched FemaSeed Complete at ACOG 2026, advancing commercialization and expanding provider awareness to support adoption of first-line fertility treatment in the OB/GYN office.
- Established strategic partnership with AMI Technologies to introduce and commercialize its fertility portfolio in
Israel , expanding international market opportunities. - Appointed
John Canning as Chief Operating Officer, enhancing leadership to drive operational execution and support commercial growth. - Appointed
Kenneth D. Eichenbaum , M.D., M.S.E., to the Board of Directors, enhancing leadership and strategic oversight. - Initiated patient enrollment in the FINALE pivotal clinical trial evaluating FemBloc®, advancing toward
U.S. approval of a first-of-its kind, non-surgical permanent birth control. - FemBloc permanent birth control system achieved Medical Device Single Audit Program (MDSAP) certification, supporting global regulatory readiness and future market access.
Received AMA CPT Editorial Panel approval of a new Category III CPT code for FemaSeed intratubal insemination (ITI), supporting future reimbursement and broader adoption in theU.S. - Entered a strategic distribution partnership with OR Consulting to support commercial launch of FemBloc, FemaSeed, and other portfolio products in
Switzerland , expanding European market access. - Established partnership with
Refuah Health Center , advancing adoption of FemaSeed as a first-line infertility treatment and expanding access through community-based care.
“During the first quarter of 2026 and into the second quarter of 2026, we delivered meaningful clinical, regulatory and commercial progress across our FemBloc and FemaSeed platforms,” said
Financial Results for Quarter Ended
- Sales increased by
$83,625 , or 24.5%, to$424,889 in 2026 from$341,264 in 2025, primarily due to sales of FemBloc. - Research and development expenses decreased by
$1,659,071 , or 55.9%, to$1,309,401 in 2026 compared to$2,968,472 in 2025, primarily reflecting the transition of development products into inventory to support commercialization, along with lower development, clinical, compensation, and professional service costs. - Net income, including gains from changes in fair value of financial instruments, was
$846,100 , or$0.00 per basic and diluted share attributable to common stockholders for the quarter endedMarch 31, 2026 , compared to a net loss of$5,896,839 , or ($0.23 ) per basic and diluted share attributable to common stockholders, for the quarter endedMarch 31, 2025 . - Cash and cash equivalents as of
March 31, 2026 , was approximately$5.4 million and the Company had an accumulated deficit of approximately$145.0 million . The Company expects, based on its current operating plan, its current cash and cash equivalents will be sufficient to fund its ongoing operations into the third quarter of 2026.
For more information, please refer to the Company’s Form 10-Q filed
| Condensed Balance Sheets | ||||||||||||
| (unaudited) | ||||||||||||
| Assets | 2026 | 2025 | ||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | $ | 5,386,041 | 9,266,353 | |||||||||
| Accounts receivable, net | 172,264 | 616,600 | ||||||||||
| Inventory | 6,105,267 | 5,740,249 | ||||||||||
| Prepaid and other current assets | 679,917 | 833,133 | ||||||||||
| Total current assets | 12,343,489 | 16,456,335 | ||||||||||
| Property and equipment, at cost: | ||||||||||||
| Leasehold improvements | 1,238,886 | 1,238,886 | ||||||||||
| Office equipment | 80,941 | 78,155 | ||||||||||
| Furniture and fixtures | 421,798 | 417,876 | ||||||||||
| Machinery and equipment | 3,095,633 | 3,065,713 | ||||||||||
| Construction in progress | 955,271 | 897,885 | ||||||||||
| 5,792,529 | 5,698,515 | |||||||||||
| Less accumulated depreciation | (3,868,518 | ) | (3,802,940 | ) | ||||||||
| Net property and equipment | 1,924,011 | 1,895,575 | ||||||||||
| Long-term assets: | ||||||||||||
| Lease right-of-use assets, net | 1,178,941 | 1,297,121 | ||||||||||
| Intangible assets, net of accumulated amortization | 124,252 | 134,914 | ||||||||||
| Other long-term assets | 924,552 | 940,232 | ||||||||||
| Total long-term assets | 2,227,745 | 2,372,267 | ||||||||||
| Total assets | $ | 16,495,245 | 20,724,177 | |||||||||
| (continued) | ||||||||||||
| Condensed Balance Sheets | ||||||||||||
| (unaudited) | ||||||||||||
| Liabilities and Stockholders’ Equity | 2026 | 2025 | ||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable | $ | 1,597,591 | 1,830,124 | |||||||||
| Accrued expenses | 1,024,706 | 1,265,773 | ||||||||||
| Clinical holdback – current portion | 52,572 | 52,644 | ||||||||||
| Operating lease liabilities – current portion | 480,286 | 487,624 | ||||||||||
| Total current liabilities | 3,155,155 | 3,636,165 | ||||||||||
| Long-term liabilities: | ||||||||||||
| Clinical holdback – long-term portion | 54,487 | 52,370 | ||||||||||
| Convertible notes payable, net | 3,335,176 | 3,178,864 | ||||||||||
| Conversion option liability | 488,000 | 2,014,000 | ||||||||||
| Warrants liabilities | 1,260,000 | 4,943,000 | ||||||||||
| Operating lease liabilities – long-term portion | 912,534 | 1,030,476 | ||||||||||
| Total long-term liabilities | 6,050,197 | 11,218,710 | ||||||||||
| Total liabilities | 9,205,352 | 14,854,875 | ||||||||||
| Commitments and contingencies | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Common stock, | ||||||||||||
| 60,507,909 shares issued and 60,390,686 outstanding as of | ||||||||||||
| and 59,602,787 outstanding as of | 60,508 | 59,720 | ||||||||||
| (60,000 | ) | (60,000 | ) | |||||||||
| Warrants | 5,246,150 | 5,246,150 | ||||||||||
| Additional paid-in capital | 147,023,279 | 146,449,576 | ||||||||||
| Accumulated deficit | (144,980,044 | ) | (145,826,144 | ) | ||||||||
| Total stockholders’ equity | 7,289,893 | 5,869,302 | ||||||||||
| Total liabilities and stockholders' equity | $ | 16,495,245 | 20,724,177 | |||||||||
| Condensed Statements of Comprehensive Income (Loss) | ||||||||||||
| (unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| 2026 | 2025 | |||||||||||
| Sales | $ | 424,889 | 341,264 | |||||||||
| Cost of sales (excluding depreciation expense) | 158,606 | 117,266 | ||||||||||
| Operating expenses: | ||||||||||||
| Research and development | 1,309,401 | 2,968,472 | ||||||||||
| Sales and marketing | 1,315,755 | 908,567 | ||||||||||
| General and administrative | 1,782,390 | 1,722,713 | ||||||||||
| Depreciation and amortization | 82,270 | 84,853 | ||||||||||
| Total operating expenses | 4,489,816 | 5,684,605 | ||||||||||
| Loss from operations | (4,223,533 | ) | (5,460,607 | ) | ||||||||
| Other income (expense): | ||||||||||||
| Interest income | 49,827 | 19,029 | ||||||||||
| Change in fair value of conversion option liability | 1,513,413 | — | ||||||||||
| Change in fair value of warrants liabilities | 3,683,000 | — | ||||||||||
| Interest expense | (176,607 | ) | (459,449 | ) | ||||||||
| Total other income (expense), net | 5,069,633 | (440,420 | ) | |||||||||
| Income (loss) before income taxes | 846,100 | (5,901,027 | ) | |||||||||
| Income tax benefit | — | (4,188 | ) | |||||||||
| Net income (loss) | $ | 846,100 | (5,896,839 | ) | ||||||||
| Net income (loss) attributable to common stockholders | $ | 328,646 | (5,896,839 | ) | ||||||||
| Earnings (losses) per share: | ||||||||||||
| Basic | $ | 0.00 | (0.23 | ) | ||||||||
| Diluted | 0.00 | (0.23 | ) | |||||||||
| Weighted-average common shares outstanding: | ||||||||||||
| Basic | 66,645,591 | 25,149,236 | ||||||||||
| Diluted | 78,095,633 | 25,149,236 | ||||||||||
About
FemBloc® permanent birth control is the first and only non-surgical, in-office alternative to centuries-old surgical sterilization that received full regulatory approval in
Learn more at www.femasys.com, or follow us on X, Facebook and LinkedIn.
References
1Liu, J. H., Glassner, M., Gracia,
2Liu, J. H., Blumenthal,
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. Forward-looking statements can be identified by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “pending,” “intend,” “believe,” “suggests,” “potential,” “hope,” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on our current expectations and are subject to inherent uncertainties, risks and assumptions, many of which are beyond our control, difficult to predict and could cause actual results to differ materially from what we expect. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ include, among others: our ability to obtain regulatory approvals for our FemBloc product candidate; our ability to develop and advance our current FemBloc product candidate and successfully enroll and complete the clinical trial; the ability of our clinical trial to demonstrate safety and effectiveness of our product candidate and other positive results; estimates regarding the total addressable market for our products and product candidate; our ability to commercialize our products and product candidate, our ability to establish, maintain, grow or increase sales and revenues, or the effect of delays in commercializing our products, including FemaSeed; our business model and strategic plans for our products, technologies and business, including our implementation thereof; and those other risks and uncertainties described in the section titled "Risk Factors" in our Annual Report on Form 10-K for the year ended
Contacts:
IR@femasys.com
Media@femasys.com
