TORONTO, ON / ACCESSWIRE / May 17, 2024 / StageZero Life Sciences ("StageZero" or the "Company") (TSX:SZLS), an integrated healthcare company with the first and only mRNA multi-cancer diagnostic for screening for multiple, key cancers from a single sample of blood - Aristotle, and an oncologist-led adjunctive treatment protocol with early data - METRICS study - showing an improvement in outcome in cancer patients, announced its first quarter financial results for the three months ended March 31, 2024, and will provide an update on its business operations.
During the Quarter the Company achieved the following:
Upcoming Catalysts for 2024
Q1 2024 Financial Results
All amounts are expressed in U.S. dollars unless otherwise stated and results are reported in accordance with International Financial Reporting Standards.
The Company generated $0.523 million in cancer testing and treatment revenue for the three months ended March 31, 2024 as compared to revenue of $0.778 million for the three months ended March 31 2023 and realized a net loss of $0.386 million, or $0.00 basic and diluted loss per common share as compared to a $1.812 million net loss for the three months ended March 31, 2023, or $0.02 basic and diluted loss per common share.
Three months ended March 31 | ||||
2024 | ||||
(in thousands of US dollars, except per-share amounts) | $ | |||
Revenue | ||||
Total revenues | 523 | |||
Direct costs | 221 | |||
Gross profit | 302 | |||
Gross Margin (%) | 58 |
The Company's financial statements and management's discussion and analysis are available on www.sedar.com.
Further discussion about the quarter results will occur on the Analyst and Investor Call, which will be held on Tuesday, May 21, 2024 at 8:00am ET.
Analyst and Investor Call
Event Date: Tuesday, May 21st, 2024
Time: 8:00am ET
Webcast URL:
https://www.webcaster4.com/Webcast/Page/2082/50640
Participant Numbers:
Toll Free: 877-545-0523
International: 973-528-0016
Participant Access Code: 419645
Teleconference Replay Number:
Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 50640
About StageZero Life Sciences, Ltd.
StageZero Life Sciences, Ltd. is a company innovating on the forefront of screening for the early detection of cancer. StageZero combines its proprietary liquid biopsy multi-cancer detection test, Aristotle®, with Physician led clinical programs; offering patients a unique treatment combination not found anywhere else.
Aristotle®, is the first ever mRNA multi-cancer panel for simultaneously screening for multiple cancers from a single sample of blood with high sensitivity and specificity for each cancer. Aristotle® uses mRNA technology to identify the molecular signatures of multiple cancer types.
Care Oncology Clinic offers a supervised treatment regimen (the COC Protocol) for people diagnosed with cancer of any type or stage. It is an individualized therapeutic approach which seeks to simultaneously target multiple metabolic cancer pathways and is intended for adjunctive administration alongside standard-of-care cancer therapy. The aim is to restrict cancer cell energy supply and use.
The COC Protocol program is managed by a multi-disciplinary team that is overseen by an Oncologist and includes Nurse Practitioners and Metabolic Specialists.
CareOncology Clinics also offers AVRT a Physician-Led, telehealth program for identifying and managing the early warning signs of cancer and chronic disease.
Aristotle® is processed at the Company's clinical laboratory, StageZero Life Sciences, Inc., a CAP accredited and CLIA certified high-complexity reference laboratory in Richmond, Virginia.
StageZero Life Sciences trades on the Toronto Stock exchange under the symbol SZLS and on the OTCQB under the symbol SZLSF.
Forward-Looking Statements
This press release contains forward-looking statements identified by words such as "expects", "will" and similar expressions, which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties that could cause the Company's actual events to differ materially from those projected herein. Investors should consult the Company's ongoing quarterly filings and annual reports for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements, except as required by law.
For further information please contact:
Investor Relations
Rebecca Greco
1-855-420-7140 ext. 1838
This email address is being protected from spambots. You need JavaScript enabled to view it.
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