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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading
Symbol(s)
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Name of each
exchange
on which registered
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| Item 2.02 |
Results of Operations and Financial Condition.
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| Item 9.01 |
Financial Statements and Exhibits.
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(d)
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Exhibits.
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Exhibit
No.
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Description
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Press Release of Femasys Inc. dated August 14, 2026
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|
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL Document)
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Femasys Inc.
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By:
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/s/ Kathy Lee-Sepsick
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Names: Kathy Lee-Sepsick
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Title: Chief Executive Officer
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Date: August 14, 2026
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|
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• |
Completed $30 million private placement with potential proceeds of up to $90 million upon full cash exercise of warrants.
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• |
Regained compliance with Nasdaq Listing Requirements.
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• |
Issuance of patents in the U.S. and key international markets that expand intellectual property protection for the blended polymer component of FemBloc.
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• |
Received CE Mark approval for FemHSGTM Catheter, to complement FemVue and support streamlined in-office fertility evaluation.
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• |
Advanced initial commercial use of FemaSeed Complete, expanding access to first-line fertility treatment in the OB/GYN office.
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• |
Launched FemaSeed Complete at ACOG 2026, increasing provider awareness and initiating commercial efforts with OB/GYNs.
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• |
Established strategic partnership with AMI Technologies to commercialize its fertility portfolio in
Israel, demonstrating international market interest.
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• |
Appointed John Canning as Chief Operating Officer, enhancing leadership to drive operational execution and support commercial growth.
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|
•
|
Sales increased by $6,184, or 0.8%, to $756,716 in 2026 from $750,532 in
2025, primarily due to sales of FemaSeed.
|
|
•
|
Research and development expenses decreased by $1,126,622, or 25.7%, to $3,256,279 in 2026 compared to $4,382,901 in 2025, primarily reflecting
lower compensation costs, regulatory and professional service fees.
|
|
•
|
Net loss was $3,622,995, or ($1.08) per basic and diluted share attributable to common stockholders, for the six months ended June 30, 2026, compared to a net
loss of $10,482,761, or ($7.76) per basic and diluted share attributable to common stockholders, for the six months ended June 30, 2025.
|
|
•
|
Cash and cash equivalents as of June 30, 2026, was approximately $1.4 million and the Company had an accumulated deficit of approximately $149.4 million. Subsequent to June 30, 2026, the Company completed a private placement
transaction that generated approximately $30.0 million of gross proceeds. Management believes the additional capital provides the financial resources necessary to support the Company's strategic priorities, including the execution of
its commercial initiatives, advancement of its clinical programs, and pursuit of key operational objectives.
|
|
•
|
Sales decreased by $77,441, or 18.9%, to $331,827 in 2026 from $409,268
in 2025, primarily attributable to lower sales of FemVue.
|
|
•
|
Research and development expenses increased by $532,449, or 37.6%, to $1,946,878 in 2026 compared to $1,414,429 in 2025, primarily reflecting
the transition of development products into inventory to support commercialization during 2025, and increased clinical costs, partially offset by reduced compensation costs.
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|
•
|
Net loss was $4,469,095, or ($1.33) per basic and diluted share attributable to common stockholders, for the quarter ended June 30, 2026, compared to a net loss
of $4,585,922, or ($3.18) per basic and diluted share attributable to common stockholders, for the quarter ended June 30, 2025.
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Assets
|
June 30,
2026
|
December 31,
2025
|
||||||
|
Current assets:
|
||||||||
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Cash and cash equivalents
|
$
|
1,443,502
|
9,266,353
|
|||||
|
Accounts receivable, net
|
151,049
|
616,600
|
||||||
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Inventory
|
6,191,277
|
5,740,249
|
||||||
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Prepaid and other current assets
|
546,085
|
833,133
|
||||||
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Total current assets
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8,331,913
|
16,456,335
|
||||||
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Property and equipment, at cost:
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||||||||
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Leasehold improvements
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1,238,886
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1,238,886
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||||||
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Office equipment
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87,515
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78,155
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||||||
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Furniture and fixtures
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424,586
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417,876
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||||||
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Machinery and equipment
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3,121,131
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3,065,713
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||||||
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Construction in progress
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919,412
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897,885
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||||||
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5,791,530
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5,698,515
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|||||||
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Less accumulated depreciation
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(3,932,324
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)
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(3,802,940
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)
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||||
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Net property and equipment
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1,859,206
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1,895,575
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||||||
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Long-term assets:
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||||||||
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Lease right-of-use assets, net
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1,064,346
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1,297,121
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||||||
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Intangible assets, net of accumulated amortization
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115,499
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134,914
|
||||||
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Other long-term assets
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918,618
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940,232
|
||||||
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Total long-term assets
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2,098,463
|
2,372,267
|
||||||
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Total assets
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$
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12,289,582
|
20,724,177
|
|||||
|
Liabilities and Stockholders’ Equity
|
June 30,
2026
|
December 31,
2025
|
||||||
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Current liabilities:
|
||||||||
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Accounts payable
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$
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2,337,354
|
1,830,124
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|||||
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Accrued expenses
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1,033,712
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1,265,773
|
||||||
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Clinical holdback – current portion
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42,726
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52,644
|
||||||
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Operating lease liabilities – current portion
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473,034
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487,624
|
||||||
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Total current liabilities
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3,886,826
|
3,636,165
|
||||||
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Long-term liabilities:
|
||||||||
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Clinical holdback – long-term portion
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54,598
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52,370
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||||||
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Convertible notes payable, net
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3,521,226
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3,178,864
|
||||||
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Conversion option liability
|
—
|
2,014,000
|
||||||
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Warrants liabilities
|
—
|
4,943,000
|
||||||
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Operating lease liabilities – long-term portion
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795,985
|
1,030,476
|
||||||
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Total long-term liabilities
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4,371,809
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11,218,710
|
||||||
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Total liabilities
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8,258,635
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14,854,875
|
||||||
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Commitments and contingencies
|
||||||||
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Stockholders’ equity:
|
||||||||
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Common stock, $0.001 par, 200,000,000 authorized, 3,029,829 shares issued and 3,023,967 outstanding as of June 30, 2026;
and 2,986,116 shares issued and 2,980,254 outstanding as of December 31, 2025
|
3,030
|
2,986
|
||||||
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Treasury stock, 5,862 common shares
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(60,000
|
)
|
(60,000
|
)
|
||||
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Warrants
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5,961,150
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5,246,150
|
||||||
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Additional paid-in capital
|
147,575,906
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146,506,310
|
||||||
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Accumulated deficit
|
(149,449,139
|
)
|
(145,826,144
|
)
|
||||
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Total stockholders’ equity
|
4,030,947
|
5,869,302
|
||||||
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Total liabilities and stockholders' equity
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$
|
12,289,582
|
20,724,177
|
|||||
|
Three Months Ended June 30,
|
Six Months Ended June 30,
|
|||||||||||||||
|
2026
|
2025
|
2026
|
2025
|
|||||||||||||
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Sales
|
$
|
331,827
|
409,268
|
756,716
|
750,532
|
|||||||||||
|
Cost of sales (excluding depreciation expense)
|
142,436
|
158,171
|
301,042
|
275,437
|
||||||||||||
|
Operating expenses:
|
||||||||||||||||
|
Research and development
|
1,946,878
|
1,414,429
|
3,256,279
|
4,382,901
|
||||||||||||
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Sales and marketing
|
1,293,998
|
984,977
|
2,609,753
|
1,893,544
|
||||||||||||
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General and administrative
|
1,931,578
|
1,616,972
|
3,713,968
|
3,339,685
|
||||||||||||
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Depreciation and amortization
|
82,811
|
86,285
|
165,081
|
171,138
|
||||||||||||
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Total operating expenses
|
5,255,265
|
4,102,663
|
9,745,081
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9,787,268
|
||||||||||||
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Loss from operations
|
(5,065,874
|
)
|
(3,851,566
|
)
|
(9,289,407
|
)
|
(9,312,173
|
)
|
||||||||
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Other income (expense):
|
||||||||||||||||
|
Interest income
|
19,694
|
17,144
|
69,521
|
36,173
|
||||||||||||
|
Change in fair value of conversion option liability
|
219,000
|
—
|
1,732,413
|
—
|
||||||||||||
|
Change in fair value of warrants liabilities
|
545,000
|
—
|
4,228,000
|
—
|
||||||||||||
|
Interest expense
|
(186,050
|
)
|
(491,500
|
)
|
(362,657
|
)
|
(950,949
|
)
|
||||||||
|
Other expense
|
—
|
(260,000
|
)
|
—
|
(260,000
|
)
|
||||||||||
|
Total other income (expense), net
|
597,644
|
(734,356
|
)
|
5,667,277
|
(1,174,776
|
)
|
||||||||||
|
Loss before income taxes
|
(4,468,230
|
)
|
(4,585,922
|
)
|
(3,622,130
|
)
|
(10,486,949
|
)
|
||||||||
|
Income tax expense (benefit)
|
865
|
—
|
865
|
(4,188
|
)
|
|||||||||||
|
Net loss
|
$
|
(4,469,095
|
)
|
(4,585,922
|
)
|
(3,622,995
|
)
|
(10,482,761
|
)
|
|||||||
|
Net loss attributable to common stockholders
|
$
|
(4,469,095
|
)
|
(4,585,922
|
)
|
(3,622,995
|
)
|
(10,482,761
|
)
|
|||||||
|
Basic and diluted loss per share
|
$
|
(1.33
|
)
|
(3.18
|
)
|
(1.08
|
)
|
(7.76
|
)
|
|||||||
|
Weighted-average common shares outstanding, basic and diluted
|
3,357,117
|
1,444,036
|
3,344,767
|
1,351,264
|
||||||||||||