Full Press Release Details
Femasys Announces Financial Results for Quarter Ended March 31, 2026 and Provides Corporate Update
-- With fertility rates at historic lows, Femasys advances access to early infertility care through FemaSeed
Complete, enabling OB/GYNs to treat patients within their own practices --
ATLANTA, May 8, 2026 - Femasys Inc. (NASDAQ: FEMY), a leading biomedical innovator making fertility and non-surgical permanent birth control more accessible and
cost-effective to women worldwide, announces its financial results for the quarter ended March 31, 2026 and provides a corporate update.
Corporate Highlights from 1Q 2026 to date
"During the first quarter of 2026 and into the second quarter of 2026, we delivered meaningful clinical, regulatory and commercial progress across our FemBloc and FemaSeed
platforms," said Kathy Lee-Sepsick, Founder and Chief Executive Officer of Femasys. "We are accelerating commercialization of FemaSeed with the introduction of the FemSperm product family, enabling OB/GYNs to deliver integrated, in-office
fertility care. Concurrently, we advanced FemBloc with initiation of patient enrollment in the FINALE pivotal clinical trial, a key step toward U.S. FDA approval. We believe our current cash resources are sufficient to fund operations into the third
quarter of 2026. We remain focused on scaling a broad portfolio of innovative women's health solutions globally, addressing critical unmet needs with safe, technologically advanced products."
Financial Results for Quarter Ended March 31, 2026
For more information, please refer to the Company's Form 10-Q filed May 8, 2026, which can be accessed on the SEC website.
Condensed Balance Sheets
| Assets | March 31, 2026 | December 31, 2025 | ||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 5,386,041 | 9,266,353 | |||||
| Accounts receivable, net | 172,264 | 616,600 | ||||||
| Inventory | 6,105,267 | 5,740,249 | ||||||
| Prepaid and other current assets | 679,917 | 833,133 | ||||||
| Total current assets | 12,343,489 | 16,456,335 | ||||||
| Property and equipment, at cost: | ||||||||
| Leasehold improvements | 1,238,886 | 1,238,886 | ||||||
| Office equipment | 80,941 | 78,155 | ||||||
| Furniture and fixtures | 421,798 | 417,876 | ||||||
| Machinery and equipment | 3,095,633 | 3,065,713 | ||||||
| Construction in progress | 955,271 | 897,885 | ||||||
| 5,792,529 | 5,698,515 | |||||||
| Less accumulated depreciation | (3,868,518 | ) | (3,802,940 | ) | ||||
| Net property and equipment | 1,924,011 | 1,895,575 | ||||||
| Long-term assets: | ||||||||
| Lease right-of-use assets, net | 1,178,941 | 1,297,121 | ||||||
| Intangible assets, net of accumulated amortization | 124,252 | 134,914 | ||||||
| Other long-term assets | 924,552 | 940,232 | ||||||
| Total long-term assets | 2,227,745 | 2,372,267 | ||||||
| Total assets | $ | 16,495,245 | 20,724,177 |
Condensed Balance Sheets
| Liabilities and Stockholders' Equity | March 31, 2026 | December 31, 2025 | ||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 1,597,591 | 1,830,124 | |||||
| Accrued expenses | 1,024,706 | 1,265,773 | ||||||
| Clinical holdback - current portion | 52,572 | 52,644 | ||||||
| Operating lease liabilities - current portion | 480,286 | 487,624 | ||||||
| Total current liabilities | 3,155,155 | 3,636,165 | ||||||
| Long-term liabilities: | ||||||||
| Clinical holdback - long-term portion | 54,487 | 52,370 | ||||||
| Convertible notes payable, net | 3,335,176 | 3,178,864 | ||||||
| Conversion option liability | 488,000 | 2,014,000 | ||||||
| Warrants liabilities | 1,260,000 | 4,943,000 | ||||||
| Operating lease liabilities - long-term portion | 912,534 | 1,030,476 | ||||||
| Total long-term liabilities | 6,050,197 | 11,218,710 | ||||||
| Total liabilities | 9,205,352 | 14,854,875 | ||||||
| Commitments and contingencies | ||||||||
| Stockholders' equity: | ||||||||
| Common stock, $0.001 par, 200,000,000 authorized, 60,507,909 shares issued and 60,390,686 outstanding as of March 31, 2026; and 59,720,010 shares issued and 59,602,787 outstanding as of December 31, 2025 | 60,508 | 59,720 | ||||||
| Treasury stock, 117,223 common shares | (60,000 | ) | (60,000 | ) | ||||
| Warrants | 5,246,150 | 5,246,150 | ||||||
| Additional paid-in capital | 147,023,279 | 146,449,576 | ||||||
| Accumulated deficit | (144,980,044 | ) | (145,826,144 | ) | ||||
| Total stockholders' equity | 7,289,893 | 5,869,302 | ||||||
| Total liabilities and stockholders' equity | $ | 16,495,245 | 20,724,177 |
Condensed Statements of Comprehensive Income (Loss)
| Three Months Ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| Sales | $ | 424,889 | 341,264 | |||||
| Cost of sales (excluding depreciation expense) | 158,606 | 117,266 | ||||||
| Operating expenses: | ||||||||
| Research and development | 1,309,401 | 2,968,472 | ||||||
| Sales and marketing | 1,315,755 | 908,567 | ||||||
| General and administrative | 1,782,390 | 1,722,713 | ||||||
| Depreciation and amortization | 82,270 | 84,853 | ||||||
| Total operating expenses | 4,489,816 | 5,684,605 | ||||||
| Loss from operations | (4,223,533 | ) | (5,460,607 | ) | ||||
| Other income (expense): | ||||||||
| Interest income | 49,827 | 19,029 | ||||||
| Change in fair value of conversion option liability | 1,513,413 | - | ||||||
| Change in fair value of warrants liabilities | 3,683,000 | - | ||||||
| Interest expense | (176,607 | ) | (459,449 | ) | ||||
| Total other income (expense), net | 5,069,633 | (440,420 | ) | |||||
| Income (loss) before income taxes | 846,100 | (5,901,027 | ) | |||||
| Income tax benefit | - | (4,188 | ) | |||||
| Net income (loss) | $ | 846,100 | (5,896,839 | ) | ||||
| Net income (loss) attributable to common stockholders | $ | 328,646 | (5,896,839 | ) | ||||
| Earnings (losses) per share: | ||||||||
| Basic | $ | 0.00 | (0.23 | ) | ||||
| Diluted | 0.00 | (0.23 | ) | |||||
| Weighted-average common shares outstanding: | ||||||||
| Basic | 66,645,591 | 25,149,236 | ||||||
| Diluted | 78,095,633 | 25,149,236 |
Femasys is a leading biomedical innovator focused on making fertility and non-surgical permanent birth control more accessible and cost-effective for women worldwide
through its broad, patent-protected portfolio of novel, in-office therapeutic and diagnostic products. As a U.S. manufacturer with global regulatory approvals, Femasys is actively commercializing its lead product innovations in the U.S. and key
international markets. Femasys' fertility portfolio includes FemaSeed Intratubal Insemination (ITI), a groundbreaking first-step infertility treatment; FemSperm , a CLIA waived sperm preparation and analysis product line; and
FemVue , a companion diagnostic for fallopian tube assessment. Published clinical trial data demonstrate that FemaSeed achieved more than double the pregnancy rate of traditional IUI, with a comparable safety profile and high patient and
practitioner satisfaction.1
FemBloc permanent birth control is the first and only non-surgical, in-office alternative to centuries-old surgical sterilization that received full regulatory
approval in Europe in June 2025, the UK in August 2025, and New Zealand in September 2025. Commercialization of this highly cost-effective, convenient and significantly safer approach will be completed through strategic partnerships in select
European countries. Alongside FemBloc, the FemChec diagnostic product provides an ultrasound-based test to confirm procedural success. Published data from initial clinical trials demonstrated compelling effectiveness, five-year safety,
and high patient and practitioner satisfaction.2 For U.S. FDA approval, enrollment in the FINALE pivotal trial (NCT05977751) is ongoing.
1Liu, J. H., Glassner, M., Gracia, C. R., Johnstone, E. B., Schnell, V. L., Thomas, M. A., L. Morrison, Lee-Sepsick, K. (2024). FemaSeed Directional Intratubal
Artificial Insemination for Couples with Male-Factor or Unexplained Infertility Associated with Low Male Sperm Count. J Gynecol Reprod Med, 8(2), 01-12. doi:
10.33140/JGRM.08.02.08.
2Liu, J. H., Blumenthal, P. D., Casta o, P. M., Chudnoff, S. C., Gawron, L. M., Johnstone, E. B., Lee-Sepsick, K. (2025). FemBloc Non-Surgical Permanent
Contraception for Occlusion of the Fallopian Tubes. J Gynecol Reprod Med, 9(1), 01-12. doi: 10.33140/JGRM.09.01.05.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. Forward-looking statements can be
identified by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "pending," "intend," "believe," "suggests," "potential," "hope," or "continue" or the negative of these terms or other similar expressions, although not all
forward-looking statements contain these words. Forward-looking statements are based on our current expectations and are subject to inherent uncertainties, risks and assumptions, many of which are beyond our control, difficult to predict and could
cause actual results to differ materially from what we expect. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ include,
among others: our ability to obtain regulatory approvals for our FemBloc product candidate; our ability to develop and advance our current FemBloc product candidate and successfully enroll and complete the clinical trial; the ability of our clinical
trial to demonstrate safety and effectiveness of our product candidate and other positive results; estimates regarding the total addressable market for our products and product candidate; our ability to commercialize our products and product
candidate, our ability to establish, maintain, grow or increase sales and revenues, or the effect of delays in commercializing our products, including FemaSeed; our business model and strategic plans for our products, technologies and business,
including our implementation thereof; and those other risks and uncertainties described in the section titled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, and other reports as filed with the SEC.
Forward-looking statements contained in this press release are made as of this date, and Femasys undertakes no duty to update such information except as required under applicable law.