ISCO
International Stem Cell Corporation0.1400
-0.0300-17.6%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.12MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
8-K
Annual meeting elects directors
International Stem Cell Corporation held its annual stockholder meeting on June 17, 2025, electing Andrey Semechkin, Russell Kern, Donald A. Wright, and Paul V. Maier as directors with near-unanimous support from Series D preferred and common shares. Stockholders approved executive compensation on an advisory basis. They favored annual say-on-pay votes, 3 years by lopsided margin. Board continuity locked in.
10-Q
Q3 FY2025 results
International Stem Cell Corporation swung to an operating profit of $94 thousand in Q3 2025 ended September 30, up from a $90 thousand loss a year earlier, while year-to-date operations eked out $46 thousand versus a $119 thousand deficit (derived). Revenue climbed 9% year-over-year to $2.4 million, fueled by a 10% jump in biomedical sales to $2.2 million—66% from media, 34% cells—despite a 7% dip in anti-aging skincare to $165 thousand; gross margins held steady at 56%. The LCT segment drove profitability, offsetting ISCO's R&D drag and LSC's softer demand. Cash dipped to $966 thousand after $24 thousand operating outflow, with free cash flow negative at $64 thousand (derived) amid $40 thousand capex; related-party debt stands at $3.3 million, maturing September 2026 at 5.5%. Yet customer concentration risks loom large, with one buyer claiming 54% of sales.
8-K
CEO loan maturity extended
International Stem Cell Corporation extended a $2,500,000 promissory note to CEO Dr. Andrey Semechkin until September 15, 2026, carrying forward $799,064.44 in fixed accrued interest from the original note. The principal accrues interest at 5.5% annually, with prepayment allowed anytime without penalty. This insider extension provides breathing room for operations. Yet liquidity remains tight.
10-Q
Q2 FY2025 results
International Stem Cell Corporation posted Q2 product sales of $2.4M, up 5% y/y from $2.3M, driven by a 9% y/y rise in biomedical segment revenue to $2.3M while anti-aging skin care dipped 32% y/y to $0.1M; gross margin held steady at 62%, edging up 1 point y/y amid sales mix shifts. Operating income climbed 12% y/y to $0.2M, buoyed by controlled cost increases, though YTD swung to a $0.05M operating loss from a $0.03M loss last year due to higher R&D spending on Parkinson's trials. Diluted EPS of $0.01 matched y/y, confirmed against 8M weighted shares with no anti-dilution flags. Cash fell to $0.9M from $1.2M year-start, with operating cash use at $0.07M and $0.2M related-party debt paydown; free cash flow not disclosed in the 10-Q. One customer dominated 52% of sales. Regulatory hurdles in stem cell approvals loom large.
10-Q
Q1 FY2025 results
International Stem Cell held product sales steady at $2.1M for Q1 FY2025 ended March 31, 2025, flat year-over-year yet up slightly quarter-over-quarter from derived figures, with biomedical media and cells driving 94% of revenue while anti-aging skin care dipped to $134K from $206K. Gross margins slipped to 53% from 58% y/y, pressured by a sales mix shift in biomedical and lower skin care volume, leading to an operating loss of $215K versus $178K last year; net loss widened to $256K, or $(0.03) per diluted share on 8M shares, matching y/y but with the gap to operating loss tied to $41K interest expense, mainly related-party. Cash climbed to $1.5M, bolstered by $227K operating cash flow—flipping from a $193K y/y use—while free cash flow stood at $222K after minimal $5K capex; related-party debt of $3.4M at 5.5% matures September 2025, with $663K in lease liabilities through 2026. No M&A or non-GAAP metrics disclosed in the 10-Q. One customer dominated 56% of sales. Substantial doubt lingers on going concern amid funding needs.
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