Henderson, Nevada, November 12, 2026 /PRNewswire/ — VolitionRx Limited (NYSE AMERICAN: VNRX) (“Volition”), a multi-national epigenetics company, today announces financial results and a business update for the third quarter of 2026. Volition management will host a conference call tomorrow, November 13 at 8:30 a.m. U.S. Eastern Time/2:30 p.m. Central European Time to discuss these results. Conference call details can be found below.
Cameron Reynolds, President and Group Chief Executive Officer, said:
“It has been a very full quarter as we have continued to execute our plan to commercialize our game-changing Nu.Q® platform. We have made strong progress across our key product pillars this year, evidencing clinical utility across a broad spectrum of indications whilst driving commercialization and licensing efforts worldwide. At the same time, we have taken decisive action to strengthen our financial profile by cutting costs and significantly reducing convertible note debt.
“In our Nu.Q® NETs pillar, in September we participated in the launch of DETECSEPS, a French government-funded €6.3 million program evaluating our automated Nu.Q® NETs assay as the sole biomarker for early detection of sepsis in hospital emergency departments. In August, Critical Care Medicine published data showing Nu.Q® NETs H3.1 to be an independent predictor of 28-day mortality and need for renal replacement therapy in sepsis. Published clinical data indicate that Nu.Q® NETs distinguishes sepsis from non-infectious inflammation and provides strong prognostic value for organ failure and mortality.
“Furthermore, our rapid point-of-care finger-prick lateral flow prototype has demonstrated high correlation with our CE-marked automated assay in ICU sepsis patients. To accelerate commercialization and global market access, particularly in resource-constrained countries and humanitarian emergency settings, we signed in October a Letter of Intent with Missionpharma, a global distributor of healthcare products serving over 100 million patients annually. Initial efforts with Missionpharma are expected to focus on triaging and prognostication for neonatal sepsis. In parallel, our diagnostic collaborations with Sysmex Corporation and Werfen’s Immunoassay Technology Center continue to advance across NETs-related indications.
“In Nu.Q® Cancer, we are advancing toward our French reimbursement submission for Nu.Q® Lung Cancer with support from our long-term collaborators at Hospices Civils de Lyon in France. We currently expect to submit this quarter. Achieving reimbursement would be an important step on the path to routine clinical use in France before rolling out to additional geographies. For our novel Capture-Seq™ technology, following peer-reviewed publication of our clinical data in August, we are in active licensing discussions with several major liquid biopsy and diagnostic companies to target Multi-Cancer Early Detection (MCED) and Minimal Residual Disease (MRD) opportunities representing combined annualized addressable markets estimated at over $36 billion¹.
“In our Nu.Q® Vet pillar, our clinical manuscript, submitted for peer review in May, demonstrated that our feline prototype assay detected 86% of feline lymphomas at 97% specificity. We currently anticipate publication of this study this quarter. As a reminder, a peer reviewed publication evidencing clinical utility is a necessary condition to unlock a $5 million milestone payment. Commercialization of the assay could open a significant market among senior pet cats.
“I am personally leading our most advanced partner negotiations and, to underline my commitment to closing them, have voluntarily agreed to a further reduction in my base salary, effective November 1, 2026, such that my annual base salary is now 50% of its original level, until execution of a substantial licensing agreement. Furthermore, the chairman and entire board of directors have also agreed to reduce their cash fees by at least 50%”.
Financial Highlights for the Third Quarter 2026
- Revenue: Third quarter 2026 revenue was approximately $1.6 million, up 157% compared to $0.6 million in the third quarter of 2025, reflecting an increase in recognition of deferred revenue .
- Operating Expenses: Operating expenses for the third quarter of 2026 were 14% lower than the same period in 2025, reflecting savings from Volition’s ongoing cost-reduction program, including a 28% reduction in headcount compared to the same point last year.
- Operating Loss: Operating loss for the third quarter of 2026 narrowed to $3.3 million, a 35% improvement compared to $5.1 million in the third quarter of 2025.
- Net Loss: Net loss for the third quarter of 2026 was $3.8 million, including non-cash charges of $0.4 million related to convertible notes, compared to a net loss of $5.4 million in the prior-year period.
- Balance Sheet & Debt Reduction: Cash and cash equivalents totaled approximately $2.4 million as of September 30, 2026, compared to $1.1 million as of December 31, 2025. Receipts in the third quarter included approximately $5.2 million in net proceeds from Volition’s at-the-market facility. During the third quarter, Volition prepaid in cash the outstanding balance of its $7.5 million convertible note.
Event: VolitionRx Limited Third Quarter 2026 Earnings and Business Update Conference Call
Date: Friday, November 13, 2026
Time: 8:30 a.m. U.S. Eastern Time/2:30 p.m. Central European Time
U.S. & Canada Dial-in: 1-877-407-9716 (toll free)
U.K. Dial-in: 0 800 756 3429 (toll free)
Toll/International: 1-201-493-6779
Conference ID: 13763536
Rodney Rootsaert, Corporate Secretary, VolitionRx will host the call along with Cameron Reynolds, President and Group Chief Executive Officer and Terig Hughes, Group Chief Financial Officer. The call will provide an update on important events that have taken place in the third quarter of 2026, subsequent events and upcoming milestones.
A live audio webcast of the conference call will also be available on this link. In addition, a telephone replay of the call will be available until November 27, 2026. The replay dial-in numbers are 1-844-512-2921 (toll-free) in the U.S. and Canada and 1-412-317-6671 (toll) internationally. Please use replay pin number 13763536.
Notes:
- Volition internal estimate based on VNRX TAM Model
