Earnings Call: Aspira Women'S Health Reports Steady Growth and Innovation

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Want to find out if you've got ovarian cancer? Then Aspira Women's Health's OvaWatch could be for you.

The Intercept reports OvaWatch is an AI-based blood test for ovarian cancer that's currently in clinical trials.

It's one of a number of new tests Aspira is developing for conditions such as endometriosis, which is caused by abnormal tissue growth in the uterus.

Aspira CEO Nicole Sandford says ovarian cancer is a "huge, huge market" and OvaWatch is expected to be a "game-changer" in women's health.

The test is based on a protein-based blood test that's been shown to detect ovarian cancer, according to a press release.

Aspira is also developing an AI-based endometriosis test called EndoMDX.

It's currently in the final stages of design for a microRNA signature to identify endometriosis and expects to complete verification in 2024, Sandford says.

Aspira reported Q4 revenue of $2.1 million, flat with Q4 2022 but up 15% year-over-year.

For the full year, revenue was $9.2 million, up 15%.

The company reported a 49% drop in cash used in 2023 to $9.15 million, according to InvestingPro.

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