$NDRA ENDRA Life Sciences Reports First Quarter 2026 Financial Results and Provides Business Update
https://www.businesswire.com/news/home/202605...ess-Update
ANN ARBOR, Mich.--(BUSINESS WIRE)--ENDRA Life Sciences Inc. (NASDAQ: NDRA) (“ENDRA” or the “Company”), a pioneer in thermoacoustic biomarker imaging for early detection and monitoring of steatotic liver disease (SLD), today reported financial results for the quarter ended March 31, 2026, and provided a business update.
Business Update
Initiated Evaluation of Strategic Alternatives
On March 25, 2026, the Company announced that its Board of Directors has initiated a process to evaluate strategic alternatives aimed at maximizing shareholder value.
ENDRA will continue to execute on its strategic and operating initiatives during the review process, and has not set a timetable for completion of the process.
Demonstrated Strong Clinical Progress with TAEUS® Liver
On May 14, 2026, the Company announced multi-site clinical validation results for its TAEUS® Liver device demonstrating strong agreement with MRI-PDFF, high reproducibility and consistent performance across operators, sites and patient populations. The analysis, which included 64 patients across U.S. and Canadian sites, reported a correlation to MRI-PDFF of r=0.90, diagnostic accuracy with Area Under the Receiver Operating Characteristic (AUROC) values ranging from 0.95-0.99 at key thresholds, reproducibility with an Intraclass Correlation Coefficient (ICC) of 0.89 and no meaningful dependence on body mass index (BMI) or body habitus.
On February 26, 2026, ENDRA reported favorable results from a new study that demonstrated the device’s robust intra-user repeatability and inter-user reproducibility, essential factors for long-term monitoring of SLD, which now affects approximately 30% of adults worldwide. The study involved 14 subjects and a total of 56 unique measurements, with TAEUS achieving an ICC of 0.89 with standard error of measurement of 3.3% using independent operators.
These data support TAEUS’s objective to deliver a standardized, accurate and repeatable liver fat test for the growing population affected by SLD. TAEUS Liver has the potential to be deployed in routine clinical practice to address large, underserved populations and could potentially be utilized by pharmaceutical companies for patient recruitment and follow-up in clinical trials.
Management Commentary
“During the first quarter, we continued to strengthen the clinical foundation for TAEUS Liver while maintaining disciplined operational execution,” said Alexander Tokman, CEO of ENDRA Life Sciences. “The recently announced multi-site validation data demonstrated strong agreement with MRI-PDFF across operators and patient populations. These data reinforce our belief that TAEUS Liver has the potential to deliver a practical, point-of-care solution for the large and growing population affected by steatotic liver disease. We remain focused on advancing our regulatory and commercialization strategy while managing our resources carefully.”
First Quarter 2026 Financial Results
In the first quarter of 2026, cash used in operations decreased to $1.1 million from $1.3 million in the same period of 2025.
Total operating expenses for the first quarter of 2026 were $2.2 million compared with $1.5 million in the prior-year period. The increase included an increase in non-cash stock-compensation expense of $491,000 and an increase of $302,000 in long-term prepaid expenses associated with clinical learnings related to the TAEUS Liver device. As a result, the net loss in the first quarter of 2026 was $1.3 million compared to $1.0 million in the same quarter last year.
As of March 31, 2026, ENDRA had approximately $356,000 in cash and cash equivalents and held approximately $2.4 million in its Digital Asset Treasury, representing an additional component of its capital management strategy.
https://www.businesswire.com/news/home/202605...ess-Update
ANN ARBOR, Mich.--(BUSINESS WIRE)--ENDRA Life Sciences Inc. (NASDAQ: NDRA) (“ENDRA” or the “Company”), a pioneer in thermoacoustic biomarker imaging for early detection and monitoring of steatotic liver disease (SLD), today reported financial results for the quarter ended March 31, 2026, and provided a business update.
Business Update
Initiated Evaluation of Strategic Alternatives
On March 25, 2026, the Company announced that its Board of Directors has initiated a process to evaluate strategic alternatives aimed at maximizing shareholder value.
ENDRA will continue to execute on its strategic and operating initiatives during the review process, and has not set a timetable for completion of the process.
Demonstrated Strong Clinical Progress with TAEUS® Liver
On May 14, 2026, the Company announced multi-site clinical validation results for its TAEUS® Liver device demonstrating strong agreement with MRI-PDFF, high reproducibility and consistent performance across operators, sites and patient populations. The analysis, which included 64 patients across U.S. and Canadian sites, reported a correlation to MRI-PDFF of r=0.90, diagnostic accuracy with Area Under the Receiver Operating Characteristic (AUROC) values ranging from 0.95-0.99 at key thresholds, reproducibility with an Intraclass Correlation Coefficient (ICC) of 0.89 and no meaningful dependence on body mass index (BMI) or body habitus.
On February 26, 2026, ENDRA reported favorable results from a new study that demonstrated the device’s robust intra-user repeatability and inter-user reproducibility, essential factors for long-term monitoring of SLD, which now affects approximately 30% of adults worldwide. The study involved 14 subjects and a total of 56 unique measurements, with TAEUS achieving an ICC of 0.89 with standard error of measurement of 3.3% using independent operators.
These data support TAEUS’s objective to deliver a standardized, accurate and repeatable liver fat test for the growing population affected by SLD. TAEUS Liver has the potential to be deployed in routine clinical practice to address large, underserved populations and could potentially be utilized by pharmaceutical companies for patient recruitment and follow-up in clinical trials.
Management Commentary
“During the first quarter, we continued to strengthen the clinical foundation for TAEUS Liver while maintaining disciplined operational execution,” said Alexander Tokman, CEO of ENDRA Life Sciences. “The recently announced multi-site validation data demonstrated strong agreement with MRI-PDFF across operators and patient populations. These data reinforce our belief that TAEUS Liver has the potential to deliver a practical, point-of-care solution for the large and growing population affected by steatotic liver disease. We remain focused on advancing our regulatory and commercialization strategy while managing our resources carefully.”
First Quarter 2026 Financial Results
In the first quarter of 2026, cash used in operations decreased to $1.1 million from $1.3 million in the same period of 2025.
Total operating expenses for the first quarter of 2026 were $2.2 million compared with $1.5 million in the prior-year period. The increase included an increase in non-cash stock-compensation expense of $491,000 and an increase of $302,000 in long-term prepaid expenses associated with clinical learnings related to the TAEUS Liver device. As a result, the net loss in the first quarter of 2026 was $1.3 million compared to $1.0 million in the same quarter last year.
As of March 31, 2026, ENDRA had approximately $356,000 in cash and cash equivalents and held approximately $2.4 million in its Digital Asset Treasury, representing an additional component of its capital management strategy.
