November 16, 2023

TriSalus posts third-quarter revenue gain

WESTMINSTER — TriSalus Life Sciences Inc. (Nasdaq: TLSI), a Westminster-based company that develops treatments for pancreatic and liver tumors, reported higher revenue for the third quarter ended Sept. 30.

TriSalus recorded revenue of $5.2 million, up 32% from $3.9 million for the same period a year ago. The company recorded a net loss attributable to common stockholders of $1.7 million, compared with $8 million in the third quarter of 2023.

Its operating loss increased to $18.4 million from $8.1 million a year ago.

TriSalus reported cash and cash equivalents of $21.4 million. Assets totaled $33.6 million, with total liabilities at $25.1 million. 

TriSalus in August completed a merger with special-purpose acquisition company MedTech Acquisition Corp., significantly boosting the company’s cash reserves.

BizWest Staff

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