Aspira Announces Second Quarter 2025 Financial Results and Provides Business Update
Aspira Women's Health (OTCQB:AWHL) reported its Q2 2025 financial results, showing stable performance amid significant business model transformation. Total product revenue reached $2.404 million in Q2 2025, compared to $2.423 million in Q2 2024. The company achieved a 12% year-over-year increase in average unit prices for its commercial portfolio.
Key achievements include a 156% increase in sales per FTE, improved gross margins of 66.1% (up from 57.6%), and a 41% reduction in operating cash burn. Operating expenses decreased by 31% to $8.1 million for H1 2025. The company maintained revenue stability despite reducing its sales team from 19 to 7 specialists, while focusing on relationships with large healthcare systems and IDNs.
Aspira Women's Health (OTCQB:AWHL) ha comunicato i risultati del Q2 2025, mostrando una performance stabile in un contesto di significativa trasformazione del modello di business. I ricavi totali da prodotti sono stati di $2.404 million nel Q2 2025, rispetto a $2.423 million nel Q2 2024. L'azienda ha registrato un incremento annuo del 12% nel prezzo medio per unità del portafoglio commerciale.
Tra i risultati chiave figurano un aumento del 156% delle vendite per FTE, un miglioramento del margine lordo al 66,1% (da 57,6%) e una riduzione del 41% del burn di cassa operativo. Le spese operative sono diminuite del 31%, attestandosi a $8.1 milioni nel primo semestre 2025. L'azienda ha mantenuto la stabilità dei ricavi nonostante la riduzione del team commerciale da 19 a 7 specialisti, concentrandosi sulle relazioni con grandi sistemi sanitari e IDN.
Aspira Women's Health (OTCQB:AWHL) informó sus resultados del Q2 2025, mostrando un desempeño estable en medio de una importante transformación del modelo de negocio. Los ingresos totales por productos alcanzaron $2.404 million en el Q2 2025, frente a $2.423 million en el Q2 2024. La compañía logró un aumento interanual del 12% en los precios medios por unidad de su cartera comercial.
Logros clave incluyen un
Aspira Women's Health (OTCQB:AWHL)는 비즈니스 모델의 대대적 전환 속에서도 안정적인 실적을 보이며 2025년 2분기 실적을 발표했습니다. 총 제품 매출은 2025년 2분기에 $2.404 million을 기록했으며, 2024년 2분기의 $2.423 million과 유사한 수준이었습니다. 상업 포트폴리오의 단위당 평균 가격은 전년 대비 12% 증가했습니다.
주요 성과로는 FTE당 매출 156% 증가, 66.1%(전년 57.6%에서)로 개선된 총이익률, 그리고 영업 현금 소진 41% 감소가 포함됩니다. 영업 비용은 2025년 상반기에 31% 감소하여 $8.1 million이었으며, 영업팀을 19명에서 7명의 전문인력으로 축소했음에도 주요 의료 시스템 및 IDN과의 관계에 집중하면서 매출 안정성을 유지했습니다.
Aspira Women's Health (OTCQB:AWHL) a publié ses résultats du T2 2025, affichant une performance stable malgré une transformation importante de son modèle économique. Le chiffre d'affaires produit total s'est élevé à $2.404 million au T2 2025, contre $2.423 million au T2 2024. L'entreprise a réalisé une hausse annuelle de 12% du prix moyen par unité de son portefeuille commercial.
Parmi les réalisations clés figurent une augmentation de 156% des ventes par ETP, une amélioration de la marge brute à 66,1% (contre 57,6%) et une réduction de 41% du burn de trésorerie opérationnel. Les dépenses d'exploitation ont diminué de 31%, pour s'établir à $8.1 million au premier semestre 2025. La société a maintenu la stabilité des revenus malgré la réduction de son équipe commerciale de 19 à 7 spécialistes, en se focalisant sur les relations avec de grands systèmes de santé et les IDN.
Aspira Women's Health (OTCQB:AWHL) meldete die Finanzergebnisse für das 2. Quartal 2025 und zeigte dabei eine stabile Entwicklung trotz umfangreicher Umstrukturierungen des Geschäftsmodells. Der Gesamtproduktumsatz belief sich im Q2 2025 auf $2.404 million gegenüber $2.423 million im Q2 2024. Das Unternehmen erzielte einen jahresübergreifenden Anstieg von 12% beim durchschnittlichen Stückpreis seines kommerziellen Portfolios.
Wesentliche Erfolge sind ein 156%iger Anstieg der Verkäufe pro FTE, eine verbesserte Bruttomarge von 66,1% (vorher 57,6%) und eine 41%ige Reduktion des operativen Cash-Burns. Die Betriebskosten sanken im H1 2025 um 31% auf $8.1 million. Die Umsätze blieben stabil, obwohl das Vertriebsteam von 19 auf 7 Spezialisten reduziert wurde, wobei der Fokus auf Beziehungen zu großen Gesundheitssystemen und IDNs liegt.
- None.
- None.
Insights
Aspira's Q2 shows improved operational efficiency and margins despite flat revenue, significantly reducing cash burn by 41%.
Aspira Women's Health delivered mixed Q2 2025 results that highlight meaningful operational improvements amid strategic restructuring. The company reported
The strategic pivot toward targeting large healthcare systems and Integrated Delivery Networks (IDNs) is showing early signs of success through pricing improvements. Average unit prices increased
Most impressive is the dramatic improvement in financial efficiency. Gross margin expanded significantly to
The balance sheet is also strengthening, with current liabilities reduced by
AUSTIN, TX / ACCESS Newswire / August 13, 2025 / Aspira Women's Health Inc. ("Aspira") (OTCQB:AWHL), an AI enhanced bio-analytics based women's health company focused on delivering leading noninvasive gynecologic disease diagnostic and disease management tools, announced today its results of operations for the three and six months ended June 30, 2025. The Company also reported early progress under its new leadership team.
Second Quarter Highlights:
Aspira reported total product revenue of
Product revenue remained stable despite a very significant reset of Aspira's business model and market strategies beginning in the first quarter of 2025, with continuing substantial changes well into the second quarter. Through this transformation of our strategy, commercial model, and resources, Aspira is heavily focusing on relationships with leading large scale health care systems, as well as Integrated Delivery Networks ("IDNs"). The Company's Directors and Management believe this will sharply improve the Company's efficiency, operating performance, and long-term profitability. Notably, the Company's specialist field sales team delivered these second quarter results with a team of 7 as compared to a team of 19 in the same period of 2024.
Key financial highlights for the six months ended June 30, 2025 are summarized below:
Revenue Growth: The Company generated approximately
$4.68 3 million of revenue for the six months ending June 30, 2025, compared to$4.57 6 million in the same period in 2024. The2.3% increase was primarily driven by a10.3% increase in the average unit price per test, partially offset by a7.3% decrease in the number of tests sold. We have witnessed transitional test volume shifts that are commonly seen when marketing strategy and team changes are implemented. These changes were completed within the June quarter. As a sales productivity metric, the Company tracks revenues generated per full-time equivalent salesperson ("FTE"). Due to the marketing strategy changes and large health care system emphasis in the second quarter of 2025, the Company realized a156% increase in sales per FTE compared to the second quarter of 2024.
Gross Profit and Margin Improvement: Grossprofit increased to approximately
$3.1 million in the first half of 2025, as compared to$2.6 million in the same period in 2024, representing a17.4% increase. Gross margins were66.1% , as compared to57.6% in the same period of the prior year. The increase in gross profit and improved margins was primarily the result of an adjustment to prior quarter revenue due to collections in excess of previously recognized revenue, as well as improved profitability of the OvaWatch product line. Revenue is initially estimated based on expectations of account performance, then is adjusted based on actual collections.
Reduction in Operating Expenses: Total operating expenses decreased to
$8.1 million for the first six months of 2025, compared to$11.7 million for the same period in the prior year, representing a$3.6 million , or31% decrease. The decrease was primarily due to a decrease in selling expenses of$2.3 million , combined with a$1.1 million decrease in general and administrative expenses and a$0.2 million decrease in research and development expenses. Reductions in headcount and other cost containment measures were primary drivers in the reduction of these expenses.
Reduced Burn Rate: Cash used in operations was
$4.8 million for the six months ended June 30, 2025, as compared to$8.2 million in the six months ended June 30, 2024. This represents a41% reduction in operating cash burn. This improvement is primarily due to the new leadership team's focus on cost control and improved productivity.
Improved Balance Sheet: The Company reported
$4.1 million in current liabilities, of which$3.6 million was trade payables or accrued liabilities as of June 30, 2025. This represents a$1.4 million , or25.1% decrease from the$5.5 million in current liabilities reported as of December 31, 2024. The reduction was principally the result of a$0.4 million reduction in payables and a$0.6 million reduction in accrued liabilities, which was primarily related to payroll and benefits as well as a one-time reduction in accruals.
"My top priority in the second quarter of 2025 was to continue driving the commercial team's efficiencies, to further reduce operating expenses and outstanding liabilities, and to strengthen Aspira's overall financial position" commented Mike Buhle, who was appointed Chief Executive Officer of Aspira in January 2025. He continued, "Through June 30, 2025, we delivered notable gains in sales productivity and increase our gross profit margin by
"In parallel with enhancing operational performance, we are aggressively working on achieving our research and development timeline for ENDOInform™. We remain committed to completing our R&D milestones and expect to provide material updates on this project by the end of 2025," concluded Mr. Buhle.
"The Board of Directors is excited to see the new strategy and operating initiatives take hold. We believe the Company is entering entirely unprecedented ground in advancing the Company's key women's health diagnostic tools in both ovarian cancer and endometriosis," commented Jack Fraser, Chairman of the Board of Directors.
The following table summarizes the key financial metrics of the three and six months ended June 30, 2025 and 2024.
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Total Revenue | $ | 2,404 | $ | 2,423 | $ | 4,683 | $ | 4,576 | ||||||||
Gross Margin | 63.8 | % | 58.6 | % | 66.1 | % | 57.6 | % | ||||||||
Total OvaSuite Volume | 5,728 | 6,471 | 11,407 | 12,300 | ||||||||||||
Total AUP | $ | 420 | $ | 374 | $ | 411 | $ | 372 | ||||||||
About Aspira Women's Health Inc.
Aspira Women's Health Inc. is dedicated to the discovery, development, and commercialization of noninvasive, AI-powered tests to aid in the diagnosis of gynecologic diseases. OvaWatch and Ova1Plus® are offered to clinicians as OvaSuite. Together, they provide the only comprehensive portfolio of blood tests to aid in the detection of ovarian cancer risk for the 1.2+ million American women diagnosed with an adnexal mass each year.
OvaWatch provides a negative predictive value of
Our in-development test pipeline will expand our ovarian cancer portfolio and address the tremendous need for non-invasive diagnostics for endometriosis, a debilitating disease that impacts millions of women worldwide. In ovarian cancer, we intend to combine microRNA and protein biomarkers with patient data to further enhance the sensitivity and specificity of our current tests. In endometriosis, we have developed the first-ever non-invasive test designed to identify endometriomas, one of the most commonly occurring forms of severe endometriosis. Through our ongoing endometriosis development program, we are combining microRNA and protein biomarkers with patient data, with the intent of identifying all endometriosis independent of disease location or severity.
Forward-Looking Statements
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks and uncertainties. Such forward-looking statements include statements regarding, among other things, the timing and completion of any products in the development pipeline and other statements that are predictive in nature, and whether the marketing of the OvaSuite portfolio will prove successful. Actual results could differ materially from those discussed due to known and unknown risks, uncertainties, and other factors. These forward-looking statements generally can be identified by the use of words such as "designed to," "expect," "plan," "anticipate," "could," "may," "intend," "will," "continue," "future," and other words of similar meaning and the use of future dates. These and additional risks and uncertainties are described more fully in the Company's filings with the Securities and Exchange Commission (SEC), including those factors identified as "Risk Factors" in our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and subsequent Quarterly Reports on Form 10-Q. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Aspira presently does not know, or that Aspira currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Aspira's expectations, plans, or forecasts of future events and views as of the date of this press release. Subsequent events and developments may cause the Company's assessments to change. However, while Aspira may elect to update these forward-looking statements at some point in the future, Aspira expressly disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Aspira's assessments of any date after the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Investor Relations Contact:
Aspira Women's Health Inc.
Condensed Consolidated Balance Sheets (unaudited)
(Amounts in Thousands, Except Share and Par Value Amounts)
June 30, | December 31, | |||||||
2025 | 2024 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 1,545 | $ | 1,769 | ||||
Accounts receivable, net of reserves of | 1,278 | 990 | ||||||
Prepaid expenses and other current assets | 590 | 1,098 | ||||||
Inventories | 273 | 326 | ||||||
Total current assets | 3,686 | 4,183 | ||||||
Property and equipment, net | 44 | 69 | ||||||
Right-of-use assets | 1,077 | 1,194 | ||||||
Other assets | 127 | 45 | ||||||
Total assets | $ | 4,934 | $ | 5,491 | ||||
Liabilities and Stockholders' Deficit | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 1,743 | $ | 2,173 | ||||
Accrued liabilities | 1,829 | 2,445 | ||||||
Current portion of long-term debt | 232 | 229 | ||||||
Short-term debt | 154 | 614 | ||||||
Current maturities of lease liabilities | 140 | 7 | ||||||
Total current liabilities | 4,098 | 5,468 | ||||||
Non-current liabilities: | ||||||||
Long-term debt | 1,160 | 1,278 | ||||||
Non-current maturities of lease liabilities | 1,121 | 1,248 | ||||||
Warrant liabilities | 1,240 | 60 | ||||||
Total liabilities | 7,619 | 8,054 | ||||||
Commitments and contingencies | ||||||||
Stockholders' deficit: | ||||||||
Common stock, par value | 36 | 17 | ||||||
Additional paid-in capital | 533,195 | 528,817 | ||||||
Accumulated deficit | (535,916 | ) | (531,397 | ) | ||||
Total stockholders' deficit | (2,685 | ) | (2,563 | ) | ||||
Total liabilities and stockholders' deficit | $ | 4,934 | $ | 5,491 | ||||
Aspira Women's Health Inc.
Condensed Consolidated Statements of Operations (unaudited)
(Amounts in Thousands, Except Share and Par Value Amounts)
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenue: | ||||||||||||||||
Product | $ | 2,404 | $ | 2,423 | $ | 4,683 | $ | 4,576 | ||||||||
Total revenue | 2,404 | 2,423 | 4,683 | 4,576 | ||||||||||||
Cost of revenue: | ||||||||||||||||
Product | 870 | 1,002 | 1,589 | 1,941 | ||||||||||||
Total cost of revenue | 870 | 1,002 | 1,589 | 1,941 | ||||||||||||
Gross profit | 1,534 | 1,421 | 3,094 | 2,635 | ||||||||||||
Operating expenses: | ||||||||||||||||
Research and development | 704 | 952 | 1,677 | 1,858 | ||||||||||||
Sales and marketing | 679 | 2,137 | 1,765 | 4,026 | ||||||||||||
General and administrative | 1,961 | 2,725 | 4,702 | 5,854 | ||||||||||||
Total operating expenses | 3,344 | 5,814 | 8,144 | 11,738 | ||||||||||||
Loss from operations | (1,810 | ) | (4,393 | ) | (5,050 | ) | (9,103 | ) | ||||||||
Other (expense) income, net: | ||||||||||||||||
Change in fair value of warrant liabilities | (624 | ) | 889 | 297 | 1,140 | |||||||||||
Change in fair value of convertible notes | - | - | 170 | - | ||||||||||||
Loss upon issuance of Convertible Notes carried at fair value | - | - | (1,198 | ) | - | |||||||||||
Interest expense, net | (13 | ) | (10 | ) | (27 | ) | (15 | ) | ||||||||
Other (expense) income, net | (219 | ) | (16 | ) | 1,289 | (181 | ) | |||||||||
Total other (expense) income, net | (856 | ) | 863 | 531 | 944 | |||||||||||
Net loss | $ | (2,666 | ) | $ | (3,530 | ) | $ | (4,519 | ) | $ | (8,159 | ) | ||||
Net loss per share - basic and diluted | $ | (0.07 | ) | $ | (0.28 | ) | $ | (0.16 | ) | $ | (0.67 | ) | ||||
Weighted average common shares used to compute basic and diluted net loss per common share | 35,564,032 | 12,518,725 | 28,579,132 | 12,181,481 | ||||||||||||
SOURCE: Aspira Women's Health
View the original press release on ACCESS Newswire
