NASDAQ$MBAI

Check Cap Ltd · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Check-Cap swings to $5.2M H1 net income on debt extinguishment gain as wind-down continues ahead of MBody AI merger

Check-Cap Ltd. filed unaudited consolidated financial statements for the six months ended June 30, 2025, reflecting a company in wind-down mode after discontinuing its C-Scan colorectal screening program. The period produced net income of $5.2 million, or $0.89 per share, compared with a $6.3 million net loss in the prior-year half, driven primarily by a $6.5 million gain on debt extinguishment and conversion rather than operating revenue. Research and development spending was negligible and general and administrative expenses fell to $1.3 million from $6.5 million. Cash and equivalents stood at $1.2 million and total assets rose to $5.8 million after reinstating a $4.3 million net investment position with Apollo Technology Capital Corp.

  • Net income was $5.2 million for H1 2025 versus a $6.3 million loss a year earlier; basic and diluted EPS were $0.89 compared with a $1.08 loss per share.
  • The profit was driven by a $6.5 million gain on debt extinguishment and conversion, not product revenue, as R&D was effectively zero and G&A fell to $1.3 million.
  • Cash and cash equivalents totaled $1.2 million at June 30, 2025; total assets were $5.8 million after reinstating a $4.3 million net Apollo investment.
  • Management continues evaluating strategic alternatives, including a proposed reverse merger with MBody AI Corp., and disclosed substantial doubt about going concern.

Headline financials

EPS (adj)

$0.89

No prior period
Research and development expenses

$0.00

No prior period
General and administrative expenses

$1.33M

No prior period
Income on debt extinguishment and conversion

$6.53M

No prior period
Net Income

$5.21M

No prior period
Operating Income

-$1.33M

No prior period
Cash & Equivalents

$1.16M

No prior period
Total Assets

$5.76M

No prior period

Revenue & EPS history

Check Cap · Revenue · Quarterly

$0

Q4 2023

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.1%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-9.6%

Avg return

30 days after

38%

15 / 39 earnings

Positive

+17.7%

Q3 2022

Best reaction

-27.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025+3.8%+30.0%+27.9%
Q2 2025+8.3%-1.8%-17.4%
Q4 2023+2.3%-0.5%+0.5%
Q3 2023-6.0%-17.5%-36.8%
Q2 2023+6.5%+5.3%-13.9%
Q1 2023-21.9%-22.4%+36.6%
Q4 2022-6.3%-7.7%-4.9%
Q3 2022+17.7%+23.1%-25.2%
Q3 2024+1.7%+5.9%-19.8%
Q2 2022-27.3%-27.0%-34.1%
Q1 2022+0.0%+0.6%-13.8%
Q4 2021-1.3%+0.3%-3.4%
Q3 2021-0.9%-5.4%-34.4%
Q2 2021+3.7%+2.8%+0.0%
Q1 2021-12.5%-4.9%+14.6%
Q4 2020-0.5%-13.7%-27.9%
Q3 2020+7.4%+29.0%+12.7%
Q2 2020+0.2%-5.4%-37.9%
Q1 2020-8.1%-8.1%-6.7%
Q3 2019+6.9%-13.2%-31.6%
Q4 2019-9.2%-13.2%-31.6%
Q2 2019-3.9%-3.0%-10.2%
Q1 2019-5.2%+15.6%+1.3%
Q4 2018-2.2%-0.4%-6.3%
Q3 2018+0.0%-2.6%-14.3%
Q2 2018+9.3%+0.9%+24.7%
Q1 2018-9.7%+2.3%-18.2%
Q4 2017-25.5%-33.0%-19.3%
Q3 2017-3.7%+4.4%-37.5%
Q2 2017-4.6%+0.0%+2.3%
Q1 2017+3.6%+0.5%-3.0%
Q4 2016+2.3%+0.0%+2.2%
Q3 2016+16.5%+0.8%-6.8%
Q2 2016-5.9%-4.9%+6.3%
Q1 2016-15.9%
Q4 2015-1.0%
Q3 2015-4.3%
Q2 2015+7.1%
Q1 2015-2.3%

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