Vyome Q1 2026 Earnings Report

Vyome EPS Results

• Actual EPS: -$0.15
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Vyome Revenue Results

• Actual Revenue: $0.03 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Vyome Announcement Details

• Quarter: Q1 2026
• Date: 5/12/2026
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

ReShape Lifesciences Inc., a medical device company, provides products and services that manages and treat obesity and metabolic diseases in the United States, Australia, Europe, and internationally. The company's product portfolio includes Lap-Band System, a minimally invasive long-term treatment of severe obesity and more invasive surgical stapling procedures, such as the gastric bypass or sleeve gastrectomy; and ReShape Vest system, an investigational, minimally invasive, laparoscopically implanted medical device that wraps around the stomach to enable weight loss in obese and morbidly obese patients without cutting or permanently removing portions of the stomach, or bypassing any portion of the gastrointestinal tract. It also offers ReShapeCare virtual health coaching program, a virtual telehealth weight management program that supports healthy lifestyle changes for all medically managed weight-loss patients; and ReShape Diabetes Bloc-Stim Neuromodulation, a technology that is in preclinical development for the treatment of type 2 diabetes mellitus. In addition, the company provides Obalon Balloon System, a swallowable capsule used to track and display the location of the balloon during placement. The company was formerly known as EnteroMedics Inc. and changed its name to ReShape Lifesciences Inc. in 2017. ReShape Lifesciences Inc. was incorporated in 2002 and is headquartered in San Clemente, California.

Vyome Q1 2026 Earnings Call Transcript

Key Takeaways

• Positive Sentiment: Vyome said its lead program VT-1953 continued moving toward pivotal-stage readiness, with FDA-related regulatory submissions made during the quarter and an orphan drug designation application filed.
• Positive Sentiment: Management highlighted positive phase II data for VT-1953 presented at the AACR 2026 conference, saying the study received very favorable feedback.
• Neutral Sentiment: The company emphasized a very clean capital structure, saying it has no debt, no preferred stock, no toxic financing instruments, and no warrant overhang. It also reduced authorized common shares from 300 million to 50 million after shareholder approval.
• Neutral Sentiment: Vyome announced a strategic in-licensing agreement with Impetis Biosciences for selective JAK inhibitor assets, describing it as capital-efficient with no upfront or milestone payments and only backend royalties tied to commercialization.
• Neutral Sentiment: Financially, the company ended the quarter with $8.8 million in cash, up from $5.0 million at year-end 2025, while reporting a quarterly net loss of about $963,000 and operating expenses of roughly $1.15 million.

Presentation

[Operator]

Please note this event is being recorded. I would now like to turn the call over to Jules Abraham from the company's investor relations firm. Please go ahead.

[Jules Abraham, Investor Relations Representative at Vyome Holdings]

Thank you, operator. Good morning, everyone, thank you all for participating in today's conference call. Previously, the company released its financial results for the quarter ended March 31st, 2026. A copy of that press release can be found on its website under the Investors tab. Joining me today on today's earnings call from Vyome Holdings' management team are Venkat Nelabhotla, Chief Executive Officer, and Robert Dickey, Chief Financial Officer. During this call, management will be making forward-looking statements, including statements that address Vyome Holdings' expectations for future performance or operational results. Forward-looking statements involve risks and other factors that may cause actual results to differ materially from those statements.

[Jules Abraham, Investor Relations Representative at Vyome Holdings]

For more information about these risks, please refer to the risk factors described in the company's most recently filed annual report on Form 10-K and subsequent periodic reports filed with the SEC and Vyome Holdings' press release that accompanies this call, particularly the cautionary statements within. The content of this call contains time-sensitive information that is accurate only as of today, June 3rd, 2026. Except as required by law, Vyome Holdings disclaims any obligation to publicly update or revise any information to reflect events or circumstances that occur after this call. It's now my pleasure to turn the call over to CEO, Venkat Nelabhotla. Venkat?

[Venkat Nelabhotla, CEO at Vyome Holdings]

Thank you, and thank you everyone for joining us today. The Q1 of 2026 represented another important period of disciplined execution and continued progress for Vyome Holdings. Following our listing on Nasdaq, we have spent the last several quarters highly focused on building the company thoughtfully around differentiated immunoinflammatory and rare disease opportunities while maintaining an extremely clean capital structure. To that end, we continue to operate with no debt, no preferred stock, no toxic financing instruments, and no warrant overhang. We believe maintaining this discipline is critical for long-term shareholder value and alignment and institutional credibility. In April 2026, following shareholder approval, the company completed the reduction in authorized common shares from 300 million shares to 50 million shares, which we believe better aligns the company's capital structure with long-term shareholder interests.

[Venkat Nelabhotla, CEO at Vyome Holdings]

Operationally, our lead program, VT-1953, which is indicated for signs and symptoms associated with malignant fungating wounds, a condition associated with substantial unmet medical need and no FDA-approved therapy specifically addressing this condition, continued progressing toward pivotal stage readiness during the quarter. Independent analysts estimated this indication represents a more than $2 billion total addressable market opportunity in the U.S.A. As part of this progression, during the quarter, we made regulatory submissions with the FDA related to VT-1953 pivotal development readiness, including proposals involving manufacturing, toxicology, pharmacokinetic requirements, and clinical development considerations.

[Venkat Nelabhotla, CEO at Vyome Holdings]

We have also filed an orphan drug designation application for the VT-1953 program with the FDA. We presented positive VT-1953 phase II clinical study data at the prestigious American Association for Cancer Research 2026 conference in San Diego as well and were met with very positive feedback during the meeting. One important point I would like to underscore is that malignant fungating wounds remain one of the most underserved and emotionally distressing conditions in advanced cancer care, affecting not only physical symptoms such as odor, pain, but also dignity, emotional well-being, and quality of life for both patients and caregivers.

[Venkat Nelabhotla, CEO at Vyome Holdings]

We believe increasing awareness around this condition is itself important. Apart from our lead asset, we utilized the quarter to continue development activities around VT-1908 and our broader immunoinflammatory strategy. This included a announced strategic in-licensing agreement with Impetis Biosciences Limited, a Tata Enterprise involving selective JAK inhibitor assets, which opens an opportunity in a $57 billion total addressable market. We believe this transaction reflects our continued focus on accessing differentiated innovation opportunities through a capital efficient and disciplined structure with no upfront payments and no milestone obligations beyond back-end royalties linked to commercialization.

[Venkat Nelabhotla, CEO at Vyome Holdings]

Importantly, this strategic optionality does not alter our continued primary focus on VT-1953 and disciplined capital allocation. We raised approximately $5.29 million through the sale of 1,089,545 common shares on January 27th, 2026 at an average price of $5 per share, representing a 59.2% premium to the prior day's closing price, with total dilution to existing shareholders of approximately 15%. Overall, we continue to believe the long-term global opportunity in immunoinflammatory and rare diseases therapeutics remain highly attractive, and we believe Vyome is positioning itself thoughtfully within that landscape. With that, I will now turn the call over to our CFO, Robert Dickey, for the financial review.

[Robert Dickey, CFO at Vyome Holdings]

Thank you, Venkat. For the quarter ended March 31, 2026, the company reported cash and cash equivalents of approximately $8.8 million, compared to approximately $5 million as of December 31, 2025. Total assets were approximately $10.2 million as of March 31, 2026, while total stockholders' equity was approximately $8 million. Total operating expenses for the quarter were approximately $1.15 million. Research and development expenses were approximately $660,000, while selling, general, and administrative expenses were approximately $478,000. Net loss attributable to common shareholders for the quarter ended March 31, 2026 was approximately $963,000 or approximately $0.15 per basic and diluted share. As Venkat mentioned earlier, we continue to maintain a disciplined approach towards capital allocation and financial management.

[Robert Dickey, CFO at Vyome Holdings]

During the quarter and subsequent period, the company also continued strengthening governance processes and completed various public company reporting and compliance milestones. Importantly, following shareholder approval, the company completed the reduction in authorized common shares from 300 million to 50 million shares, which we believe better aligns the company's capital structure with long-term shareholder interests. Looking ahead, we remain focused on prudent cash management while continuing to support key regulatory, manufacturing, and development activities associated with VT-1953 and our broader pipeline initiatives. I will now turn the call back over to Venkat for closing remarks.

[Venkat Nelabhotla, CEO at Vyome Holdings]

Thank you, Robert. As we look ahead, our priorities remain clear. We intend to advance VT-1953 responsibly and thoughtfully toward the next stages of development while maintaining disciplined capital allocation and focusing on long-term shareholder value creation. We also remain committed to building Vyome around scientific rigor, operational discipline, patient-focused innovation, and thoughtful, cost-effective execution. I'd like to sincerely thank our shareholders, investigators, employees, clinicians, advisors, partners, vendors, and supporters for their continued trust and support. Operator, we are now ready to open the call for questions.

[Operator]

We will now begin the question-and-answer session. To ask a question, you may press *1 on your touch-tone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw the question, please press *2. At this time, we will pause momentarily to assemble our roster. Our first question comes from Theodore O'Neill with Litchfield Hills Research. Please go ahead.

[Theodore O'Neill, Analyst at Litchfield Hills Research]

Oh, thanks very much. I wanted to ask about the Impetis Biosciences agreement. Could you give us some more information about what indications the JAK inhibitors are for, and do you expect there to be any milestones for your relationship with them beyond this in 2026?

[Venkat Nelabhotla, CEO at Vyome Holdings]

Okay. I can take that. This agreement has been disclosed through an 8-K filing sometime back, and this involves no upfront payments and no milestone payments. Everything is linked to commercialization. These are preclinical assets. Currently, the early development was more for atopic and psoriasis, autoimmune diseases. We're kind of figuring out various other indications and see how best, through some non-dilutive pathways, we can develop for some rare indications. It is, at this time, completely an open book. The strategic discussions are happening inside, and it will take a couple of quarters to figure that out.

[Theodore O'Neill, Analyst at Litchfield Hills Research]

Okay. What about looking into 2027? Can you give us any indication about what we might expect to see from the relationship, say, over the next 12 to 24 months?

[Venkat Nelabhotla, CEO at Vyome Holdings]

Yeah, we might do some work, definitely, using some non-dilutive pathways that we have in mind. Our capital is kind of focused on VT-1953, essentially, and it's the late-stage trial that we're planning to do. With respect to these selective JAK inhibitors, we're kind of exploring, and you probably will see some news development and publications, something of that kind. Right now, nothing is fixed in our mind. We will have to debate with the board and get back with a clear plan on this.

[Theodore O'Neill, Analyst at Litchfield Hills Research]

Okay. Thanks very much.

[Operator]

This concludes our question-and-answer session. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.

Participants

Executives

• Jules Abraham, Investor Relations Representative
• Robert Dickey, CFO
• Venkat Nelabhotla, CEO

Analysts

• Theodore O'Neill, Analyst at Litchfield Hills Research