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Humacyte Inc
NASDAQ:HUMA

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Humacyte Inc
NASDAQ:HUMA
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Price: 0.6701 USD 3.89% Market Closed
Market Cap: $129.3m

Humacyte Inc
Investor Relations

Humacyte, Inc. engages in the manufacture of human acellular matrix products for vascular and non-vascular applications. The company is headquartered in Durham, North Carolina and currently employs 145 full-time employees. The company went IPO on 2020-09-22. The company is developing a portfolio of human acellular vessels (HAVs) with varying diameters and lengths. The HAV cabinet would initially target the vascular repair, reconstruction and replacement market, including vascular trauma; atrioventricular (AV) access for hemodialysis; peripheral arterial disease (PAD); and coronary artery bypass grafting (CABG). The firm has developed a paradigm for manufacturing human tissues that is intended to mimic key aspects of human physiology. The company is developing and manufacturing acellular tissues to address life- and limb-threatening vascular conditions while focusing on potential future applications for complex tissue and organ diseases. The company is also engaged in developing its HAVs for pediatric heart surgery and the delivery of cellular therapies, including pancreatic islet cell transplantation to treat Type 1 diabetes.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 27, 2026
AI Summary
Q4 2025

Symvess launch: Humacyte said U.S. commercialization of Symvess is still early but improving, with 27 hospitals ordering the product and most of them reordering.

Pricing helped: Management said the new $17,000 price point has been well received, improved VAC approval rates to above 70%, and made hospitals more willing to stock and use the product.

International push: The company highlighted a $1.475 million purchase commitment in Saudi Arabia and a marketing authorization filing in Israel as early steps toward overseas commercialization.

Pipeline progress: Humacyte said it is on track for a dialysis access interim readout by early June 2026 and plans a supplemental BLA in the second half of 2026 if results are positive.

Cash and financing: Year-end cash was $50.5 million, and the company added new financing after quarter-end, including $18.4 million from a direct offering, $4.6 million from an aftermarket sale, and a $77.5 million credit facility.

Key Financials
Revenue
$0.5 million
Revenue
$2.0 million
Product sales
$0.4 million
Product sales
$1.4 million
Symvess units sold
25 units
Symvess units sold
61 units
Hospitals ordering Symvess
27 hospitals
VAC approvals
27 approvals
VAC committees in review
43 committees
VAC submission success rate
roughly 70%
Saudi purchase commitment
$1.475 million
Cost of goods sold
$9.1 million
Cost of goods sold
$9.7 million
Inventory reserve
$8.9 million
Research and development expense
$14.6 million
Research and development expense
$69.3 million
Selling, general and administrative expense
$7.6 million
Selling, general and administrative expense
$31.2 million
Other net income
$6.0 million
Other net income
$67.3 million
Net loss
$24.8 million
Net loss
$40.8 million
Cash and cash equivalents
$50.5 million
Registered direct offering net proceeds
$18.4 million
Aftermarket facility net proceeds
$4.6 million
Credit facility
up to $77.5 million
Initial tranche funded
$40 million
Additional tranches available
$37.5 million
Total net cash used
$44.4 million
V012 patients enrolled
116 patients
Earnings Call Recording
Other Earnings Calls

Management

Dr. Laura E. Niklason M.D., Ph.D.
Founder, President, CEO & Director
No Bio Available
Mr. Dale A. Sander
CFO, Chief Corporate Development Officer & Treasurer
No Bio Available
Dr. Heather Ledbetter Prichard Ph.D.
Chief Operating Officer
No Bio Available
Ms. Sabrina Osborne GPHR, SPHR
Chief People Officer
No Bio Available
Mr. William John Scheessele
Chief Commercial Officer
No Bio Available
Dr. Shamik J. Parikh M.D.
Chief Medical Officer
No Bio Available
Mr. Harold Alterson
Chief Quality Officer
No Bio Available
Dr. Yang Cao M.D., Ph.D.
Chief Regulatory Officer
No Bio Available

Contacts

Address
NORTH CAROLINA
Durham
2525 East North Carolina Highway 54
Contacts
+19193139633.0
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