PAVmed Inc. Reports Q2 2025 Results: Revenue at $1.2 Million, GAAP Net Loss of $13.3 Million, EPS at $(0.74); Adjusted Loss at $1.8 Million, EPS at $(0.11)
PAVmed Inc., a diversified commercial-stage medical technology company, reported financial results for the second quarter of 2025. Lucid Diagnostics Inc., a subsidiary of PAVmed, processed 2,756 EsoGuard tests during the quarter, generating $1.2 million in revenue. This marks a significant milestone for the company as it pushes forward with its strategic goals. Additionally, Lucid has secured a meeting on September 4 to discuss Medicare Local Coverage Determination for EsoGuard. Veris Health Inc., another PAVmed subsidiary, completed its second-quarter financing, which allowed it to relaunch the development of its implantable physiological monitor. Veris is taking integration steps to commence the commercial phase in partnership with OSU-The James. These developments reflect PAVmed's strategy to stabilize its corporate structure and strengthen its balance sheet, positioning it as a diversified commercial life sciences entity with multiple independently-financed subsidiaries operating under a shared services model.
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