- PAVmed published its annual report on Form 10-K for FY 2025.
- Revenue fell 96.67% to USD 0.1 million, reflecting the deconsolidation of Lucid from the company’s operating results after Sept. 10, 2024.
- General and administrative expenses decreased 33.47% to USD 16.3 million.
- Research and development expenses declined 23.73% to USD 4.5 million, also primarily due to Lucid no longer being included in results.
- The company reported a net loss before noncontrolling interests of USD 2.5 million.
- PAVmed ended FY 2025 with cash on hand of USD 1.5 million.
- Management said substantial doubt exists about the company’s ability to continue as a going concern within one year after issuance of the financial statements.
- Management cited reliance on cost controls, higher Veris platform revenue, and additional financing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PAVmed Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-010115), on March 27, 2026, and is solely responsible for the information contained therein.