CapsoVision reported second quarter 2026 revenue of $3.64 million, reflecting 10% year-over-year growth but missing analyst estimates. While unit volume for the CapsoCam Plus system increased 13%, financial results were tempered by pricing pressure in a competitive market and increased tariff-related expenses.
Key Highlights
- Total revenue reached $3.64 million, falling short of the $3.81 million estimate as a 3% decline in average selling prices offset unit volume gains.
- Gross margin contracted to 51% from 55% year-over-year, primarily due to higher customs and tariff costs resulting from updated trade policies.
- Operating expenses increased to $9.5 million, driven by the CapsoCam Colon pivotal study and engineering services for the Canon development project.
- Management confirmed that the regulatory submission for CapsoCam Colon remains on track for the fourth quarter of 2026.