Q1 2026 Revenue Up 8% to $8.5M, Net Loss Widens to $2.6M; CDMO Projects Advance
BHST sits 19% above its 52-week low of $3.57.
Summary
BioHarvest Sciences reported an 8% year-over-year revenue increase to $8.5 million for Q1 2026, alongside a widened net loss of $2.6 million. The company highlighted significant progress in its CDMO division with two projects advancing to Stage 2, and growth in its D2C VINIA product line.
Key Events · Earnings and Guidance · BHST
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Q1 2026 Financial Results
Total revenues increased 8% year-over-year to $8.5 million, with gross margins at 59%. Net loss widened to $2.6 million from $2.3 million in the prior year, and Adjusted EBITDA loss was $1.2 million.
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Strong Cash Position
Cash and cash equivalents, including bank deposits, totaled $20.2 million as of March 31, 2026, providing financial runway.
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CDMO Projects Advance
Two major Botanical Synthesis programs (rare fragrance and Saffron compounds) successfully advanced to Stage 2 development, with combined agreements valued at over $2 million, expanding future royalty and manufacturing opportunities.
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VINIA Product Growth
The VINIA brand's customer base grew to 90,000 active users, and the new Blood Flow Hydration product generated $920,000 in cumulative revenue since its November 2025 launch.
Analysis · BHST · Life Sciences
BioHarvest Sciences reported mixed first-quarter results with revenue growth driven by its CDMO division and new product launches, but also a widening net loss. The company's cash position remains strong at $20.2 million. The advancement of two major CDMO projects into Stage 2, valued at over $2 million combined, provides a positive outlook for future royalty and manufacturing revenues, aligning with the company's 'two-lens' strategy. This filing provides detailed financial and operational updates following a previous summary of Q1 results on the same day that mentioned a 'going concern', which is not present in this detailed news release.
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In the 30 days to Oct 1, 2026, 30.2% of the 1625 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BHST was trading at $4.25 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $96.3M. The 52-week trading range was $3.57 to $12.80. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.