Aditxt, Inc. reported a net loss of $5.95 million for the first quarter of 2025, a significant reduction from the $14.87 million loss recorded in the same period of 2024. The company generated revenue of $1,018, a sharp decline from $79,680 in the prior year, primarily due to decreased orders for its AditxtScore™ product amid a reduction in COVID-19 testing. The cost of goods sold also decreased to $734 from $65,799, reflecting the lower sales volume. Operating expenses totaled $5.61 million, down from $11.55 million in the previous year, driven by reduced research and development costs and a decrease in general and administrative expenses.
In terms of strategic developments, Aditxt has been actively pursuing mergers and acquisitions, including a merger agreement with Evofem Biosciences, Inc. and an arrangement with Appili Therapeutics, Inc. The company has also engaged in various financing activities, including a Common Stock Purchase Agreement allowing for the issuance of up to $150 million in common stock, which could lead to significant dilution for existing shareholders. As of March 31, 2025, Aditxt had cash reserves of $476,416, down from $833,031 at the end of 2024, raising concerns about its ability to continue operations without additional funding.
Operationally, Aditxt's customer engagement metrics have been impacted by the decline in COVID-19 testing, which has affected the adoption rates of its products. The company has also faced challenges in maintaining its Nasdaq listing, having previously received notifications regarding compliance with minimum bid price requirements. However, as of April 8, 2025, Aditxt regained compliance with Nasdaq's listing standards, alleviating immediate concerns about delisting.
Looking ahead, Aditxt's management has expressed uncertainty regarding future profitability, emphasizing the need for significant capital to fund ongoing operations and clinical studies. The company is actively seeking additional funding sources to support its business model and product development initiatives. The financial statements indicate a substantial accumulated deficit of $173.8 million, underscoring the challenges Aditxt faces in achieving sustainable growth and operational viability in the competitive biotechnology landscape.
About Aditxt, Inc.
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