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Vivos Therapeutics Reports Second Quarter 2025 Financial Results and Provides Operational Update

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Vivos Therapeutics (NASDAQ:VVOS), a medical device company focused on sleep-related breathing disorders, reported Q2 2025 financial results marked by a strategic pivot in their business model. The company completed the acquisition of The Sleep Center of Nevada (SCN), generating approximately $500,000 in diagnostic sleep testing revenue in just 20 days.

Q2 2025 financial highlights include revenue of $3.8 million (down from $4.1M in Q2 2024), gross profit of $2.1 million with a 55% margin, and increased operating expenses of $7.0 million. The company ended the quarter with $4.4 million in cash. Additionally, Vivos entered into its first management agreement with MISleep Solutions LLC in Michigan, demonstrating progress in their updated sleep practice management model.

Vivos Therapeutics (NASDAQ:VVOS), azienda di dispositivi medici specializzata nei disturbi respiratori del sonno, ha comunicato i risultati finanziari del secondo trimestre 2025 evidenziando un pivot strategico del proprio modello di business. L'azienda ha completato l'acquisizione de The Sleep Center of Nevada (SCN), che ha generato circa $500.000 di ricavi da test diagnostici del sonno in appena 20 giorni.

I principali dati del Q2 2025 mostrano ricavi per $3,8 milioni (da $4,1M nel Q2 2024), un utile lordo di $2,1 milioni con un margine del 55% e spese operative in aumento a $7,0 milioni. La società ha chiuso il trimestre con $4,4 milioni di liquidità. Inoltre, Vivos ha stipulato il suo primo accordo di gestione con MISleep Solutions LLC in Michigan, a dimostrazione dei progressi nel nuovo modello di gestione delle sleep practice.

Vivos Therapeutics (NASDAQ:VVOS), compañía de dispositivos médicos centrada en trastornos respiratorios del sueño, presentó los resultados financieros del segundo trimestre de 2025 con un giro estratégico en su modelo de negocio. La empresa completó la adquisición de The Sleep Center of Nevada (SCN), que generó aproximadamente $500,000 en ingresos por pruebas diagnósticas del sueño en solo 20 días.

Los puntos destacados del Q2 2025 incluyen ingresos de $3.8 millones (frente a $4.1M en el Q2 2024), un beneficio bruto de $2.1 millones con un margen del 55% y gastos operativos incrementados a $7.0 millones. La compañía cerró el trimestre con $4.4 millones en efectivo. Además, Vivos firmó su primer acuerdo de gestión con MISleep Solutions LLC en Michigan, demostrando avances en su modelo actualizado de gestión de clínicas del sueño.

Vivos Therapeutics (NASDAQ:VVOS), 수면 관� 호흡장애� 초점� � 의료기기 회사� 사업 모델� 전략� 전환� 반영� 2025� 2분기 재무실적� 발표했습니다. 회사� The Sleep Center of Nevada (SCN) 인수� 완료했으�, � 20� 만에 � $500,000� 수면 진단 검� 수익� 창출했습니다.

2025� 2분기 주요 실적은 매출 $3.8백만(2024� 2분기 $4.1M 대� 감소), 매출총이� $2.1백만55%� 마진, 그리� 운영� 증가� $7.0백만� 기록했습니다. 분기 � 현금은 $4.4백만이었습니�. 또한 Vivos� 미시간의 MISleep Solutions LLC와 � 관� 계약� 체결하며 업데이트� 수면 클리� 관� 모델에서 진전� 보였습니�.

Vivos Therapeutics (NASDAQ:VVOS), société de dispositifs médicaux spécialisée dans les troubles respiratoires du sommeil, a publié ses résultats financiers du deuxième trimestre 2025 marqués par un pivot stratégique de son modèle commercial. La société a finalisé l'acquisition de The Sleep Center of Nevada (SCN), générant environ 500 000 $ de revenus de tests diagnostiques du sommeil en seulement 20 jours.

Les points clés du T2 2025 comprennent un chiffre d'affaires de 3,8 millions $ (contre 4,1 M$ au T2 2024), un bénéfice brut de 2,1 millions $ avec une marge de 55% et des charges opérationnelles en hausse à 7,0 millions $. La société a clôturé le trimestre avec 4,4 millions $ en trésorerie. De plus, Vivos a signé son premier contrat de gestion avec MISleep Solutions LLC dans le Michigan, témoignant des progrès de son modèle de gestion des cabinets du sommeil mis à jour.

Vivos Therapeutics (NASDAQ:VVOS), ein Medizintechnikunternehmen mit Fokus auf schlafbezogene Atmungsstörungen, meldete die Finanzergebnisse für Q2 2025, die einen strategischen Richtungswechsel im Geschäftsmodell zeigen. Das Unternehmen schloss die Übernahme von The Sleep Center of Nevada (SCN) ab, das in nur 20 Tagen rund $500.000 an Erlösen aus diagnostischen Schlaftests erwirtschaftete.

Zu den Finanzkennzahlen für Q2 2025 gehören Umsatz von $3,8 Mio. (gegenüber $4,1M im Q2 2024), ein Bruttogewinn von $2,1 Mio. bei einer Marge von 55% und gestiegene Betriebsausgaben von $7,0 Mio.. Das Unternehmen beendete das Quartal mit $4,4 Mio. Barmitteln. Zudem schloss Vivos seine erste Managementvereinbarung mit MISleep Solutions LLC in Michigan ab, was Fortschritte im überarbeiteten Managementmodell für Schlafpraxen zeigt.

Positive
  • Strategic acquisition of The Sleep Center of Nevada generating immediate revenue of $500,000 in just 20 days
  • Strong patient demand at SCN locations with appointments booked weeks in advance
  • Successful expansion into sleep center management with new MISleep Solutions LLC agreement
  • Maintains healthy cash position of $4.4 million and stockholders' equity of $4.6 million
Negative
  • Revenue declined to $3.8M in Q2 2025 from $4.1M in Q2 2024
  • Gross margin decreased to 55% from 65% year-over-year
  • Operating expenses increased 52% to $7.0M compared to Q2 2024
  • Operating loss widened to $4.9M from $1.9M in Q2 2024
  • Cash position decreased from $6.2M to $4.4M since December 2024

Insights

Vivos' strategic pivot to sleep centers shows early promise despite weaker Q2 numbers as acquisition generates immediate revenue.

Vivos Therapeutics' Q2 results reflect a company in transition, with the acquisition of The Sleep Center of Nevada (SCN) marking a strategic pivot from a dentist-focused model to a more integrated approach capturing both diagnostics and treatment revenue. The financial metrics tell a nuanced story: revenue declined to $3.8 million from $4.1 million year-over-year, while gross margins contracted to 55% from 65%. Operating expenses surged by 52% to $7.0 million, primarily due to SCN acquisition costs.

What's particularly noteworthy is that SCN generated approximately $500,000 in diagnostic sleep testing revenue in just 20 days following the June 10th closing date. This translates to a potential annual run rate of $9.1 million from this single acquisition, which would significantly transform Vivos' revenue profile. The reported strong patient demand at SCN locations—with appointments booked weeks out and less than 40% of patients currently being served—suggests substantial untapped revenue potential.

The company's cash position of $4.4 million (down from $6.2 million at year-end 2024) and stockholders' equity of $4.6 million indicate tighter financial resources as they execute this transition. The widening operating loss ($4.9 million vs $1.9 million in Q2 2024) warrants monitoring, though management attributes much of the increased expenses to non-recurring professional fees related to the SCN acquisition.

The July announcement of a management agreement with MISleep Solutions in Michigan represents further execution of their updated sleep practice management model, where Vivos maintains a supermajority equity stake while partnering with sleep doctors. This approach allows for expansion without the full capital requirements of acquisitions, potentially accelerating their strategic pivot while managing cash burn.

Quarter highlighted by the key acquisition of The Sleep Center of Nevada, which is generating revenue and seeing strong patient demand for Vivos� differentiated array ofhighly effective OSA treatments

Management to Host Conference Call today at 5:00 pm ET

LITTLETON, Colo., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Vivos Therapeutics, Inc. (“Vivos� or the “Company’�) (NASDAQ: VVOS), a leading medical device and technology company specializing in the development and commercialization of highly effective proprietary treatments for sleep related breathing disorders (including all severities of obstructive sleep apnea (OSA) in adults and moderate to severe OSA in children ages 6 - 17), today reported financial results and operating highlights for the three and six months ended June 30, 2025.

Kirk Huntsman, Vivos� Chairman and Chief Executive Officer, stated, “The second quarter of 2025 was a particularly important one in the history of Vivos. Building on our initiatives from 2024, we completed the key acquisition of The Sleep Center of Nevada (SCN), the largest operator of medical sleep centers in Nevada. This acquisition marked a pivot in our core sales, marketing, and distribution model from one reliant on dentists alone for subscription and product revenue to a more comprehensive model that allows us to capture both OSA diagnostic and treatment revenue via more direct relationships with the patients who desperately need cutting-edge OSA treatments like ours.”�

“This pivot was coupled with our investment in SCN plus a continued weaning off of our legacy enrollment revenue streams, and our weaker comparative second quarter results reflect this,� continued Mr. Huntsman. “However, we are thrilled with what we are seeing out of SCN, as we recognized approximately $500,000 of diagnostic sleep testing services revenue over just twenty days from the June 10 closing to the end of the quarter.”�

“Moreover, demand at SCN locations adapted to our Vivos model so far continues to exceed our current capacity, with patient appointments booked out for weeks and less than 40% of patients currently being served. This validates our belief in our new model, and so we are actively looking to scale this model in the quarters ahead with additional sleep center alliances or acquisitions. So, in sum, we believe we are ably navigating our strategic business model pivot, and we are confident that the future of Vivos is bright and that our strategic initiatives have positioned us for long-term growth,� concluded Mr. Huntsman.

Second Quarter 2025 Financial and Operating Summary

Revenue was $3.8 million for the second quarter of 2025 and $6.8 million for the six months ended June 30, 2025, compared to $4.1 million and $7.5 million for the three and six months ended June 30, 2024. The decline was expected and due to lower product and service revenue, resulting from Vivos� ongoing pivot in its sales, marketing and distribution model to focus on sleep center provider-based alliances and acquisitions, highlighted by Vivos� June 10, 2025 acquisition of SCN, the largest operator of medical sleep centers in Nevada ();
Gross profit was $2.1 million for the second quarter of 2025 and $3.6 million for the six months ended June 30, 2025, compared to $2.7 million and $4.6 million for the comparable periods in 2024, the decline attributable to the decrease in product and service revenue;
Gross margin declined to 55% in the second quarter of 2025 from 65% in the second quarter of 2024. For the six months ended June 30, 2025, gross margin was 53% compared to 61% in the same period in 2024. This decrease was expected due to pricing discounts, shifts in product and service mix and the transition to Vivos� new sales, marketing and distribution model;
Operating expenses for the second quarter ended June 30, 2025 were $7.0 million, a 52% increase compared to $4.6 million in the same period a year ago, reflecting increased spend in general and administrative owing to greater professional fees related to the equity and debt financings required for the acquisition and operation of SCN (much of which is expected to be non-recurring) and personnel and infrastructure costs associated with Vivos� integration of SCN. For the six months ended June 30, 2025, operating expenses were $12.4 million versus $10.3 million in the same period in 2024.
The second quarter 2025 operating loss increased to $4.9 million compared to $1.9 million in the second quarter of 2024 and increased to $8.8 million for the six months ending June 30, 2025 from $5.7 million for the six months ended June 30, 2024.
At June 30, 2025, cash and cash equivalents were $4.4 million and stockholders� equity was $4.6 million, compared to cash and equivalents of $6.2 million and stockholders� equity of $8.0 million respectively, as of December 31, 2024.


Updated OSA Provider Management Model

In addition to growth through acquisitions of medical sleep providers like SCN, Vivos is actively developing an updated sleep practice management model that it is implementing in situations where the sleep center or medical practice owners are not interested in being purchased, but are interested in making the full array of Vivos� OSA diagnostic and treatment options available to their patients.

In furtherance of this initiative, on July 14, 2025, Vivos entered into its first such management agreement with MISleep Solutions LLC to provide our full suite of Vivos treatments and services to OSA patients at a joint location in Auburn Hills, Michigan (which is near Detroit). Consistent with its updated approach, Vivos owns a supermajority equity stake in the management services company, with the sleep doctors having minority ownership interests. Facilities to support these operations are currently being remodeled, with an estimated opening date in October 2025. Vivos is exploring similar arrangements in other states.

Investor Call and 10-Q Filing

Vivos encourages investors and other interested parties to join its conference call today at 5:00 p.m. Eastern time. Management will discuss further details on topics including Vivos� strategic collaborations and their anticipated effect on near-term revenue growth and cash burn.

To access Vivos� investor conference call, please dial (800) 717-1738, or for international callers, (646) 307-1865. A replay will be available shortly after the call and can be accessed by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the replay is 1118815. The replay will be available until September 2, 2025

A live webcast of the conference call can be accessed on Vivos� website at . An online archive of the webcast will be available at Vivos� website for 30 days following the call.

In addition, further information on Vivos� financial results is included on the attached unaudited condensed consolidated balance sheets and statements of operations, and additional comments around Vivos� financial performance are provided in the Vivos� Quarterly Report on Form 10-Q for the three and six months ended June 30, 2025, which will be filed with the Securities and Exchange Commission (“SEC�). The full 10-Q report will be available on the SEC Filings section of the Investor Relations section of Vivos� website at .

About Vivos Therapeutics, Inc.

Vivos Therapeutics, Inc. (NASDAQ: VVOS) is a medical technology company focused on developing and commercializing innovative diagnostic and treatment methods for patients suffering from breathing and sleep issues arising from certain dentofacial abnormalities such as obstructive sleep apnea (OSA) and snoring in adults. Vivos� devices have been cleared by the U.S. Food and Drug Administration (FDA) for adult patients diagnosed with all severity levels of OSA and moderate-to-severe OSA in children ages 6 to 17. Vivos� groundbreaking Complete Airway Repositioning and Expansion (CARE) devices are the only FDA 510(k) cleared technology for treating severe OSA in adults and the first to receive clearance for treating moderate to severe OSA in children.

OSA affects over 1 billion people worldwide, yet 90% remain undiagnosed and unaware of their condition. This chronic disorder is not just a sleep issue—it’s closely linked to many serious chronic health conditions. While the medical community has made strides in treating sleep disorders, breathing and sleep health remain areas that are still not fully understood. As a result, legacy OSA treatments like CPAP are often mechanistic and fail to address the root causes of OSA.

Founded in 2016 and based in Littleton, CO, Vivos is working to change this. Through innovative technology, education, and acquisitions of, or commercial collaborations with, sleep healthcare providers, Vivos is empowering healthcare providers to more thoroughly address the complex needs of OSA patients.

Vivos calls the use of its appliances and protocols to treat OSA The Vivos Method, which offers a proprietary, clinically effective solution that is nonsurgical, noninvasive, and nonpharmaceutical, providing hope to allow patients to Breathe New Life.

For more information, visit www.vivos.com.

Cautionary Note Regarding Forward-Looking Statements

This press release and conference call referred to herein, including statements of the Company’s management and other parties made in connection therewith, contain “forward-looking statements� (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as “may�, “would�, “should�, “expects�, “projects,� “potential,� “intends�, “plans�, “believes�, “anticipates�, “hopes�, “estimates�, “goal�. “aim� and variations of such words and similar expressions are intended to identify forward-looking statements. In this press release, forward-looking statements include, without limitation, those relating to (i) the actual future impact of the SCN acquisition on Vivos� future revenues and results of operations and (ii) the anticipated benefits and potential expansion of Vivos� marketing and distribution model as described herein. These statements involve significant known and unknown risks and are based upon several assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond Vivos� control. Actual results (including the actual results of the initiatives described herein on Vivos� future revenues and results of operations or the anticipated benefits of the Company’s new marketing and distribution model described herein may differ materially and adversely from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to: (i) the risk that Vivos may be unable to successfully integrate SCN’s business into its own or otherwise implement sales, marketing and other strategies that increase revenues, (ii) the risk that some patients may not achieve the desired results from using Vivos� products, (iii) risks associated with regulatory scrutiny of and adverse publicity in the sleep apnea diagnosis and treatment sector; (iv) the risk that Vivos may be unable to secure additional financing to acquire additional sleep centers practices on reasonable terms when needed, if at all, or maintain its Nasdaq listing, (v) market and other conditions that could impact Vivos� business or ability to obtain financing, and (vi) other risk factors described in Vivos� filings with the Securities and Exchange Commission (“SEC�). Vivos� filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, Vivos expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Vivos� expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based.

Media Inquiries:
Bradford Amman
Chief Financial Officer and Investor Relations Contact
[email protected]

-Financial Tables Follow-

VIVOS THERAPEUTICS INC.
Unaudited Condensed Consolidated Balance Sheets
(In Thousands, Except Per Share Amounts) June 30,
2025
December 31,
2024
Current assets
Cash and cash equivalents$4,402$6,260
Accounts receivable, net of allowance of $664 and $390, respectively1,633430
Prepaid expenses and other current assets695783
Total current assets6,7307,473
Long-term assets
Goodwill8,4502,843
Property and equipment, net5,1293,350
Operating lease right-of-use asset3,2441,032
Intangible assets, net2,225370
Deposits and other255216
Total assets$26,033$15,284
LIABILITIES AND STOCKHOLDERS� EQUITY
Current liabilities
Accounts payable$1,763$1,098
Accrued expenses2,3022,234
Current portion of contract liabilities480896
Current portion of operating lease liability654477
Current portion of financing lease liability55-
Current portion of debt157-
Other current liabilities1,015273
Total current liabilities6,4264,978
Long-term liabilities
Contract liabilities, net of current portion597
Employee retention credit liability2,9041,220
Operating lease liability, net of current portion2,8141,035
Financing lease liability, net of current portion141-
Debt, net of current portion7,760-
Other liabilities1,400-
Total liabilities21,4507,330
Commitments and contingencies
Stockholders� equity
Preferred Stock, $0.0001 par value per share. Authorized 50,000,000 shares; no shares issued and outstanding--
Common Stock, $0.0001 par value per share. Authorized 200,000,000 shares; issued and outstanding 7,324,807 shares as of June 30, 2025 and 5,889,520 shares as of December 31, 2024--
Additional paid-in capital117,647112,141
Accumulated deficit(113,064)(104,187)
Total stockholders� equity4,5837,954
Total liabilities and stockholders� equity$26,033$15,284


VIVOS THERAPEUTICS INC.
Unaudited Condensed Consolidated Statements of Operations
(In Thousands, Except Per Share Amounts)
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenue
Product revenue$1,885$1,975$3,698$3,650
Service revenue1,9352,0793,1373,823
Total revenue3,8204,0546,8357,473
Cost of sales (exclusive of depreciation and amortization shown separately below)1,7101,4033,2192,885
Gross profit2,1102,6513,6164,588
Operating expenses
General and administrative6,4094,12211,2989,043
Sales and marketing260320615973
Depreciation and amortization306145483291
Total operating expenses6,9754,58712,39610,307
Operating loss(4,865)(1,936)(8,780)(5,719)
Non-operating income (expense)
Other expense(163)(22)(170)(24)
Other income15287351
Loss before income taxes(5,013)(1,930)(8,877)(5,692)
Net loss$(5,013)$(1,930)$(8,877)$(5,692)
Net loss per share (basic and diluted)$(0.55)$(0.60)$(1.00)$(2.06)
Weighted average number of shares of Common Stock outstanding (basic and diluted)9,087,2023,228,3638,842,6042,768,934

FAQ

What were Vivos Therapeutics (VVOS) Q2 2025 earnings results?

Vivos reported Q2 2025 revenue of $3.8 million (down from $4.1M YoY), gross profit of $2.1 million with 55% margin, and an operating loss of $4.9 million. Cash position stood at $4.4 million as of June 30, 2025.

How much revenue did The Sleep Center of Nevada acquisition generate for VVOS?

The Sleep Center of Nevada generated approximately $500,000 in diagnostic sleep testing services revenue in just 20 days, from the June 10 closing to the end of Q2 2025.

Why did Vivos Therapeutics operating expenses increase in Q2 2025?

Operating expenses increased 52% to $7.0 million due to higher professional fees related to equity and debt financings for the SCN acquisition, and increased personnel and infrastructure costs for SCN integration.

What is Vivos Therapeutics new business strategy?

Vivos is pivoting from a dentist-reliant model to a comprehensive approach that includes direct sleep center operations and management agreements, allowing them to capture both OSA diagnostic and treatment revenue through direct patient relationships.

What new partnerships did VVOS announce in Q2 2025?

Vivos announced a management agreement with MISleep Solutions LLC in Auburn Hills, Michigan, where Vivos owns a supermajority stake in the management services company, with sleep doctors holding minority interests.
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