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TherapeuticsMD (TXMD) investor relations material
TherapeuticsMD Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Transitioned to a pharmaceutical royalty company after divesting commercial operations in December 2022, now primarily collecting royalties from licensees.
Main revenue sources are royalties from Mayne Pharma, Theramex, and Knight for licensed products in the U.S. and internationally.
Reported net income from continuing operations of $50 thousand for Q3 2025, reversing a net loss of $567 thousand in Q3 2024.
License revenue increased to $784 thousand, up $237 thousand year-over-year, mainly from the Mayne License Agreement.
Continues to evaluate strategic alternatives, including potential mergers, acquisitions, or asset sales, with no set timetable for completion.
Financial highlights
License revenue for Q3 2025 was $784K, up $237K year-over-year; nine-month revenue was $2.13M, up $1.04M.
Net income for Q3 2025 was $152K, compared to a net loss of $609K in Q3 2024; nine-month net income was $50K, versus a loss of $2.43M year-over-year.
Cash and cash equivalents as of September 30, 2025, totaled $7.1M.
Total operating expenses were $1.65M, a 2.1% decrease year-over-year.
Outlook and guidance
Substantial doubt exists about the ability to continue as a going concern for the next twelve months due to legal uncertainties, potential adverse outcomes, and capital market conditions.
May need to raise additional capital through equity or debt to fund operations until cash flow positive.
Actively exploring a range of strategic alternatives, including business combinations and asset sales, but no assurance or timeline for any transaction.
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