PURE Bioscience Reports Fiscal Third Quarter 2026 Financial Results
PURE Bioscience, Inc. creator of the patented non-toxic silver dihydrogen citrate antimicrobial, reported financial results for the fiscal third quarter ended April 30, 2026.
Summary of Results of Operations – Third Quarter
- Net product sales were $506,000 and $489,000 for the fiscal third quarters ended April 30, 2026 and 2025, respectively. The $17,000 increase was attributable to higher sales across our distribution network.
- Net loss for the fiscal third quarter ended April 30, 2026 was $624,000, compared to $580,000 for the fiscal third quarter ended April 30, 2025.
- Net loss, excluding share-based compensation, for the fiscal third quarter ended April 30, 2026 was $569,000, compared to $547,000 for the fiscal third quarter ended April 30, 2025.
- Net loss per share was ($0.01) for the fiscal third quarters ended April 30, 2026 and 2025, respectively.
Summary of Results of Operations – Prior Nine Months
- Net product sales were $1,656,000 and $1,435,000 for the nine months ended April 30, 2026 and 2025, respectively. The $221,000 increase was attributable to higher sales across our end-user network.
- Net loss for the nine months ended April 30, 2026 was $1,873,000, compared to $2,067,000 for the nine months ended April 30, 2025.
- Net loss, excluding share-based compensation, for the nine months ended April 30, 2026 was $1,726,000, compared to $1,950,000 for the nine months ended April 30, 2025.
- Net loss per share was ($0.02) for the nine months ended April 30, 2026 and 2025, respectively.
Jeff Kitchell, President, stated, “Our fiscal year-over-year sales have continued to grow while reducing operating expenses. We have continued to develop our technology, introducing new products such as PURE® Clean, and to expand into new industries, including dairy, through our game-changing membrane treatment program delivered by our distribution partners. Our ongoing R&D work is driven by industry demand for more effective and safer solutions and by our commitment to meeting that demand with innovative solutions using our proprietary SDC technology.
Business Update
- PURE® Clean has begun commercial adoption with national food brands following its launch, generating initial sales and expanding opportunities across multiple end markets.
- We continue to advance our food safety platform through expanded automation systems, spiral freezer solutions, and drain sanitation programs, with multiple customer validations progressing toward broader commercial implementation.
- AJ Bogan, Director of Technical Services, will be a featured speaker at the Membrane Technology Forum on June 16, 2026, where he will present on the application of PURE’s patented SDC technology for membrane treatment and performance optimization.
- PURE has experienced continued growth in the transportation sector, driven by increased adoption of trailer treatment programs, expansion with strategic industry partners, and the introduction of PURE Fleet Wash, a new solution featuring readily biodegradable ingredients and patented SDC technology that further strengthens our transportation offering.
- Our distribution partners continue to drive deeper penetration within existing markets while expanding the reach of PURE technologies into new applications and customer segments, creating additional opportunities for adoption and growth.
Tim Steffensmeier, Vice President of Sales and Marketing, stated, “The momentum we’re building today is the result of deliberate actions our team has been taking. While there is still work to do, we are expanding our reach, strengthening our partnerships, and positioning PURE for sustainable long-term growth. We believe the future is bright and remain focused on executing our strategy.
Management Update
Robert Bartlett has announced plans to retire from the position of Chief Executive Officer (CEO) on July 31, 2026, coinciding with the end of the fiscal year. His leadership was marked by significant organizational transformation, policy achievements, and the Company’s growth in the industry. Mr. Bartlett will continue in his role as a Board Member and will be an Advisor to the CEO. Mr. Bartlett plans to spend more time with his friends, family, and grandchildren in Orange County, California.
It has been a privilege to serve PURE Bioscience and to lead such an outstanding and talented team who are all dedicated to seeing the success of this Company,” said Mr. Bartlett. “I wish I were a younger man and could give more of my life to this wonderful organization.
The Company’s President, Jeff Kitchell, has been appointed to take over as CEO, effective August 1, 2026. Mr. Kitchell also will become a Board Member
Board of Directors Update
Bernard Blotner will be leaving PURE’s Board of Directors. “Mr. Blotner has been an invaluable asset to our organization,” said Ivan Chen, Chairman of the Board. “While we are deeply saddened to see him step down, we are incredibly grateful for his dedication and the significant impact he had during his tenure.” During his time on the Board, Mr. Blotner played a pivotal role in guiding the organization’s strategic expansion. “It has been an honor to serve on the Board of PURE. While I must step down to focus on my health, I am incredibly proud of what has been accomplished and remain a strong supporter of the organization’s mission,” said Mr. Blotner.
About PURE Bioscience, Inc.
PURE is committed to redefining chemical safety through its innovative technology. With a focus on efficacy and effectiveness, PURE develops advanced solutions that meet the highest safety standards and produce best-in-class results for its consumers and distributors. PURE continues to focus on developing and commercializing our proprietary antimicrobial products, primarily in the food and beverage industry.
We provide solutions to combat the health and environmental challenges posed by pathogens and ensure hygienic control. Our technology platform is based on patented, stabilized ionic silver, and our products contain silver dihydrogen citrate, better known as SDC. This broad-spectrum, non-toxic antimicrobial agent formulates well with other compounds. As a platform technology, SDC is distinguished from existing products in the marketplace because of its superior efficacy, reduced toxicity, and mitigation of bacterial resistance.
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