USBC, Inc. (USBC)
NYSEAMERICAN: USBC · Real-Time Price · USD
0.3434
-0.0262 (-7.09%)
May 29, 2026, 4:00 PM EDT - Market closed
USBC, Inc. Earnings Call Transcripts
Fiscal Year 2025
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Shareholders approved all four proposals, including a major increase in authorized shares, a private placement with change of control, and an expanded equity incentive plan. The meeting achieved quorum and all votes will be reported in a Form 8-K.
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Q1 FY2025 saw a net loss of $4.67M, heavily impacted by non-cash GAAP derivative expenses, but cash burn and R&D costs declined significantly. The new KTL licensing program aims to drive near-term revenue and offset capital challenges amid NYSE delisting proceedings.
Fiscal Year 2024
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Q3 2024 saw key milestones in device development, clinical validation, and IP expansion, with a net loss of $4.1M and improved EPS. Cash position was bolstered by a $3.445M public offering, funding operations into late 2024.