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CapsoVision, Inc

CIK:0001378325|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenue	$ 3,643	$ 3,315	$ 6,435	$ 6,098
Costs of revenue	1,772	1,504	3,235	2,793
Gross profit	1,871	1,811	3,200	3,305
Selling and marketing	1,936	1,847	4,027	3,808
Research and development	5,309	3,392	9,744	6,499
General and administrative	2,206	1,223	4,102	3,031
Total operating expenses	9,451	6,462	17,873	13,338
Operating loss	(7,580)	(4,651)	(14,673)	(10,033)
Interest income, net	82	37	141	43
Other non-operating income (expense), net	17	(11)	18	(10)
Total non-operating income, net	99	26	159	33
Loss before income taxes	(7,481)	(4,625)	(14,514)	(10,000)
Provision for income taxes	0		0	0
Net loss	$ (7,481)	$ (4,625)	$ (14,514)	$ (10,000)
Net loss per share - basic (in dollars per share)	$ (0.15)	$ (2.02)	$ (0.30)	$ (4.49)
Net loss per share - diluted (in dollars per share)	$ (0.15)	$ (2.02)	$ (0.30)	$ (4.49)
Weighted-average common shares outstanding - basic (in shares)	49,937,525	2,292,230	48,704,069	2,225,301
Weighted-average common shares outstanding - diluted (in shares)	49,937,525	2,292,230	48,704,069	2,225,301

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (14,514)	$ (10,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	114	107
Loss on disposal of property and equipment	0	0
Amortization of operating lease right-of-use assets	192	171
Unrealized foreign exchange losses (gains)	15	(158)
Stock-based compensation	911	322
Bad debt expense	0	11
Changes in operating assets and liabilities:
Accounts receivable	245	167
Inventory	(1,717)	(413)
Prepaid expenses and other current assets	(162)	(939)
Other long-term assets	(35)	0
Accounts payable	(685)	408
Accrued expenses and other current liabilities	1,404	1,019
Deferred revenue	(37)	(35)
Operating lease liabilities	(200)	(172)
Net cash used in operating activities	(14,469)	(9,512)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(48)	(70)
Net cash used in investing activities	(48)	(70)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from promissory note issuance	0	1,000
Proceeds from Private Placement	14,000	0
Payment of Private Placement issuance costs	(600)	0
Payment of constructive dividend	(12)	0
Proceeds from exercises of options on common stock and warrants	121	202
Net cash provided by financing activities	13,509	1,202
Net decrease in cash and cash equivalents	(1,008)	(8,380)
Effect of exchange rate changes on cash and cash equivalents	(27)	127
Cash and cash equivalents at beginning of period	10,112	9,319
Cash and cash equivalents at end of period	9,077	1,066
SUPPLEMENTAL CASH FLOW DISCLOSURES
Cash paid for income taxes	$ 11	$ 7

CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 9,077	$ 10,112
Accounts receivable, net	2,265	2,498
Inventory	4,704	2,987
Prepaid expenses and other current assets	1,234	1,072
Total current assets	17,280	16,669
Property and equipment, net	562	611
Operating lease right-of-use assets	651	843
Other long-term assets	76	41
TOTAL ASSETS	18,569	18,164
Current Liabilities
Accounts payable	475	1,143
Accrued expenses and other current liabilities	4,101	2,697
Deferred revenue	140	177
Operating lease liabilities - current	442	410
Total current liabilities	5,158	4,427
Operating lease liabilities – long-term	245	477
Total liabilities	5,403	4,904
Commitments and contingencies - Note 8
Stockholders’ Equity
Preferred stock, $0.001 par value: 10,000,000 shares authorized and none issued and outstanding as of June 30, 2026; 10,000,000 shares authorized and none issued and outstanding as of December 31, 2025	0	0
Common stock, $0.001 par value: 300,000,000 shares authorized as of June 30, 2026; 50,032,148 and 46,865,051 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	50	47
Additional paid-in capital	183,295	168,878
Accumulated deficit	(170,179)	(155,665)
Total stockholders’ equity	13,166	13,260
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 18,569	$ 18,164