RNXTNasdaqSurgical & Medical Instruments & ApparatusUS GAAP · USD

RenovoRx, Inc.

RenovoRx, Inc. is a U.S.-based life sciences company focused on developing and commercializing targeted drug-delivery solutions for difficult-to-treat cancers. Its core product is RenovoCath, an FDA-cleared local delivery device used to deliver therapeutic agents directly to tumor sites, alongside an ongoing clinical program centered on its TAMP technology platform.

Liikevaihto1,1milj. USD
+2 511,6 %v/v
Liikevoitto (EBIT)−12,5milj. USD
−14,0 %v/v
EBIT-marginaali−1 114,0%
+24 397,6 %-yks.v/v
Nettotulos−11,2milj. USD
−26,7 %v/v
Vapaa kassavirta−11,0milj. USD
−20,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−15−10−505milj. USD2020: EBIT −3,2 milj. USD20202021: EBIT −5,7 milj. USD20212022: EBIT −10,0 milj. USD20222023: EBIT −11 milj. USD20232024: 0,04 milj. USD2024: EBIT −11 milj. USD20242025: 1,1 milj. USD2025: EBIT −13 milj. USD20251,1−13
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
RenovoCath device sales100 %

Standalone sales of the RenovoCath delivery device to hospitals and cancer centers.

Clinical-stage oncology delivery platform0 %

Development activities tied to the TAMP platform and related clinical studies.

Registry and study-use device supply0 %

Device supply used in post-marketing registry and investigator-led study settings.

Asiakkaat

RenovoRx sells primarily to hospitals, cancer treatment centers, and academic oncology institutions that use RenovoCath in interventional oncology procedures. Its early customer base includes high-volume centers, academic medical centers, and National Cancer Institute-designated centers that adopt the device for difficult-to-treat cancers and may reorder as clinical familiarity grows.

Hospitals and cancer treatment centers

Buy RenovoCath for direct use in oncology procedures where targeted local delivery is needed.

Academic medical centers

Adopt the device for specialized interventional oncology cases and early clinical experience.

National Cancer Institute-designated centers

Use RenovoCath in advanced cancer care settings and contribute to broader clinical validation.

Clinical trial and registry sites

Purchase devices for use in TIGeR-PaC and post-marketing registry studies.

Strategia

RenovoRx is focused on expanding RenovoCath from an early commercial launch into a broader oncology device franchise by targeting high-volume cancer centers and encouraging repeat orders. It is also using clinical and registry activity to build evidence, expand awareness, and support future adoption, while keeping the commercial model capital-efficient through a small sales footprint and potential partnerships.

Grow RenovoCath commercial adoptionLyhyt aikaväli

Recurring device sales are the main path to building a revenue base.

Expand clinical and real-world evidenceKeskipitkä aikaväli

Clinical familiarity and data can support broader physician adoption.

Maintain a capital-efficient commercial modelLyhyt aikaväli

A lean sales structure helps preserve resources while demand develops.

Maantiede

RenovoRx is headquartered in the United States and its commercial activity is centered in the U.S. oncology market. The company also relies on U.S.-based manufacturing through Medical Murray, its primary third-party RenovoCath manufacturer, which ties supply continuity to domestic production capacity.

Riskit

RenovoRx faces the risks typical of an early commercial medtech and life sciences company, including limited operating history, uncertain physician adoption, and dependence on a narrow product set. Its results also depend on successful manufacturing, reimbursement and purchasing dynamics at hospitals, and the ability to convert clinical interest into sustained commercial demand.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Limited operating history as a revenue-generating company1Dependence on a single product platform2Clinical and regulatory execution risk3Customer adoption and repeat-order risk4Manufacturing and supply chain dependence5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Limited operating history as a revenue-generating companyVaikutus: KorkeaTodennäköisyys: Korkea

    The company has only recently begun commercial sales, so future demand and execution are unproven.

    Kohdistuu: RenovoCath commercialization

  2. Dependence on a single product platformVaikutus: KorkeaTodennäköisyys: Korkea

    A large share of value creation depends on RenovoCath adoption and expansion into new uses.

    Kohdistuu: Product concentration

  3. Clinical and regulatory execution riskVaikutus: KorkeaTodennäköisyys: Korkea

    Clinical evidence and FDA-cleared use boundaries influence physician confidence and market expansion.

    Kohdistuu: TIGeR-PaC and registry studies

  4. Customer adoption and repeat-order riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Sales depend on hospitals and cancer centers integrating the device into procedures and reordering.

    Kohdistuu: Hospital and oncology center customers

  5. Manufacturing and supply chain dependenceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    RenovoCath is produced by a primary third-party manufacturer, creating supply continuity risk.

    KohdistuuMedical MurrayInc

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Revenue is recorded when the customer obtains control, so delivery terms and order timing affect reported sales.

Vaikutus: Quarterly revenue comparability

Return reserve estimation

Management estimates limited returns for damage or defects, which affects net revenue.

Vaikutus: Net sales and allowances

Fair value of common warrant liability

Changes in warrant valuation create non-cash gains or losses in other income/expense.

Vaikutus: Net loss volatility

Classification of manufacturing costs

Costs tied to clinical trial use were previously expensed in R&D, while commercial units flow through cost of revenue.

Vaikutus: Gross margin and R&D expense

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

RenovoRx, Inc. (Nasdaq) – Surgical & Medical Instruments & Apparat | Analyysi – Clarifo