In addition to revenue growth, CapsoVision highlighted a 16% increase in new accounts during the fourth quarter compared to the same quarter in 2024, and a 21% increase for the full year. The company also submitted a 510(k) application to the FDA for its AI-assisted module for CapsoCam Plus, indicating its commitment to advancing its product offerings.
Despite the positive revenue growth, the company reported a net loss of $25.3 million for the year, which reflects an increase in operating expenses primarily due to the development of new technologies and clinical trial activities. Operating expenses for the year totaled $32.7 million, up from $26.3 million in 2024. The company ended the year with cash and cash equivalents of $10.1 million, bolstered by a $14 million private placement completed in March 2026.
Management expressed optimism about the company's strategic progress and operational execution, emphasizing their focus on disciplined execution and continued investment in product innovation. The company plans to host a conference call to discuss these results further, indicating a proactive approach to investor relations and transparency.