FocalTherics (FOCL), a developer of robotic focal therapy devices, released preliminary unaudited financial results for the second quarter of 2026, showing strong year-over-year growth.
Revenue for the quarter is expected to come in between $12.7 and $13.2 million, representing an increase of 34% - 39% compared with $9.7 million in Q2 2025. Gross margin improved to 54-56%, versus 42.5% in the prior-year quarter, reflecting stronger operational leverage.
Cash and investments stood at $21.5 million as of June 30, 2026.
The company also noted that its ESWL and Distribution segments are now classified as discontinued operations, with the HIFU segment reported as continuing operations.
Separately, the company announced the pricing of a public offering of 8,425,000 of American Depositary Shares (ADSs) at $4.75 per ADS, expected to raise approximately $40 million in gross proceeds before fees and expenses.
Underwriters have been granted a 30-day option to purchase up to 1,263,750 additional ADSs. TD Cowen and Mizuho are acting as joint book-running managers, with H.C. Wainwright & Co. and Lucid Capital Markets serving as co-managers. The offering is expected to close on or about August 14, 2026, subject to customary conditions.
FocalTherics continues to advance its flagship Focal One Robotic HIFU platform, which integrates imaging, real-time treatment planning, robotic precision, and focused ultrasound technology to deliver minimally invasive, personalized focal therapy.
The company has scheduled its Q2 2026 earnings release on August 13, 2026.
FOCL has traded between $1.30 and $6.40 over the past year. The stock closed Tuesday's trading at $6.01, down 1.15%. In pre-market trading the stock is at $5.02, down 16.46%.
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