LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Pluristem Therapeutics Inc. (NASDAQ: PSTI) ("Pluristem"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=PSTI, following the Company's disclosure of its financial results on September 11, 2017, for the fourth quarter of the fiscal year 2017. The Company received an $8.7 million non-dilutive grant from the European Union's Horizon 2020 Program. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Earnings Reviewed

Pluristem did not recognize revenues in FY17 compared to revenues of $2.847 million and $379,000 for the fiscal years ended June 30, 2016, and June 30, 2015, respectively. All revenues in the fiscal year 2016 and fiscal year 2015 were derived from a prior license agreement with United Therapeutics Corp.

During FY17, Pluristem's G&A expenses increased 6.7% to $6.93 million from $6.49 million in FY16. During the year, the Company's net R&D expenses increased 7.7% to $21.09 million from $19.58 million in FY16.

During FY17, Pluristem's operating loss was $28.02 million compared to an operating loss of $23.32 million in FY16.

During FY17, Pluristem's net loss was $27.81 million compared to a net loss of $23.25 million in FY16. During FY17, Pluristem's diluted earnings per share (EPS) was negative $0.32 compared to a negative diluted EPS of $0.29 in FY16.

During Q4 FY17, Pluristem received approval for a $1.5 million grant from the Israel Innovation Authority to support the PLX-PAD program and was also awarded a Smart Money grant from Israel's Ministry of Economy and Industry to advance its product candidates towards marketing in the China-Hong Kong markets. The Company's PLX-R18 Program also received $900,000 in funding from the Israel-US Binational Industrial Research and Development Foundation (BIRD) for a collaborative study with the New York Blood Center on umbilical cord blood transplantation.

In August 2017, the Company announced that the US DOD will examine whether PLX-R18 administered prior to, or within the first 24 hours of exposure to radiation will mitigate ARS.

On September 05, 2017, Pluristem received an $8.7 million non-dilutive grant from the European Union's Horizon 2020 program for the Company's planned Phase-III study to support recovery following surgery for hip fracture.

Balance Sheet

As of June 30, 2017, Pluristem's cash and cash equivalents decreased 24.2% to $4.71 million from $6.22 million in FY16.

During FY17, the Company's total assets decreased 18.3% to $37.53 million from $45.94 million in FY16.

During FY17, the Company's trade payables decreased 27.3% to $1.97 million from $2.71 million in FY16.

During FY17, the Company's accrued expenses increased 7.2% to $1.47 million from $1.37 million in FY16.

During FY17, the Company's cash used for operating activities was $21.61 million compared to $18.52 million in FY16.

Outlook

For FY18, Pluristem expects to complete a partnership deal in Asia; continued development of the ARS project including 3rd party funding of pivotal studies from the US government; expected data readouts from several clinical trials; launch of its phase-III study for hip fracture; preparations for Biological License Application (BLA) submission in ARS; and meeting enrollment goals for its CLI study.

Stock Performance

On Thursday, September 28, 2017, the stock closed the trading session at $1.51, dropping 2.58% from its previous closing price of $1.55. A total volume of 255.47 thousand shares have exchanged hands. Pluristem Therapeutics' stock price surged 26.89% in the last one month, 17.05% in the past three months, and 24.79% in the previous six months. Furthermore, since the start of the year, shares of the Company have gained 5.59%. The stock currently has a market cap of $149.43 million.

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