PULM
Pulmatrix, Inc.4.1000
-0.2500-5.75%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
14.97MP/E (TTM)
-Basic EPS (TTM)
-1.71Dividend Yield
0%Recent Filings
8-K
8-K
Cullgen merger terminated
Pulmatrix's merger agreement with Cullgen, signed November 13, 2024 and amended April 7, 2025, terminated February 28, 2026, due to delays in China Securities Regulatory Commission approval. No termination fees apply; each bears own costs. Pulmatrix advances alternative merger talks. Deal died on regulators.
8-K
Q4 2025 results; merger pending
Pulmatrix reported 2025 results with revenues at $0, down from $7.8M, R&D expenses slashed to $38K, and cash at $4.1M funding into Q1 2027. Amid stalled Cullgen merger pending CSRC approval, waived no-solicit clause. Now seeks to license iSPERSE tech and assets like Phase 2-ready PUR3100. Cash burn eased sharply.
10-K
FY2025 results
Pulmatrix narrowed its FY2025 net loss to $5.2M from $9.6M in FY2024, driven by slashed R&D spend to under $0.1M from $7.2M after pausing clinical programs and wrapping PUR1900 wind-down. Revenues vanished post-Cipla deal completion, while G&A dipped to $5.1M amid Merger pursuits. Cash burned $5.4M in operations, leaving $4.1M at year-end—enough for 12 more months. Cullgen Merger awaits CSRC nod. R&D stalled.
8-K
Merger waivers signed
Pulmatrix and Cullgen signed a Waiver Agreement on December 17, 2025, mutually waiving the Merger Agreement's no-solicitation clause to explore alternatives while pursuing CSRC approval for their November 2024 merger. Pulmatrix stockholders approved the deal in June 2025; closing awaits CSRC and Nasdaq nods. Cash lasts into Q4 2026. Waivers free opportunistic moves.
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