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Theralase Technologies (TLT) investor relations material
Theralase Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary10 Nov, 2025
Executive summary
Revenue for the nine months ended September 30, 2025, decreased 5% year-over-year to $590,573, with a net loss increasing 3% to $3,435,145.
Gross margin remained stable at $290,830, representing 49% of revenue.
Operational focus included advancing Study II, nearing full enrollment, and reporting promising interim clinical results.
Financial highlights
Total revenue declined 5% to $590,573 from $622,984 year-over-year.
Cost of sales decreased 10% to $299,743, improving as a percentage of revenue.
Gross margin was $290,830 (49% of revenue), nearly unchanged from the prior year.
Net loss increased 3% to $3,435,145, including $708,521 in non-cash charges.
Research and development expenses rose 1% to $2,116,540, supporting Study II progress.
Outlook and guidance
Study II enrollment expected to complete in 4Q2025, with data lock and regulatory submissions targeted for 1Q2027.
Company continues to seek additional equity and non-dilutive funding to support clinical and commercial milestones.
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Next Theralase Technologies earnings date
Q4 202520 Mar, 2026
Next Theralase Technologies earnings date
Q4 202520 Mar, 2026
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Frequently asked questions
Theralase Technologies Inc is a Canada-based medical technology company focused on the development and commercialization of laser systems for therapeutic and clinical applications. The company operates in two main segments: therapeutic laser technology for pain management and photo-dynamic therapy for the treatment of cancer. Its products are designed for use by healthcare professionals in physiotherapy, chiropractic, and oncology settings. The company is headquartered in Toronto, Canada, and its shares are listed on the TSXV.
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