VERU INC
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Apr 1, 2024
VERU$2.12-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
| Three Months Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 (Restated) | |
| Net revenues | $2,140,726 | $2,507,794 |
| Cost of sales | 990,274 | 1,805,739 |
| Gross profit | 1,150,452 | 702,055 |
| Operating expenses: | ||
| Research and development | 1,650,050 | 20,611,127 |
| Selling, general and administrative | 8,301,431 | 17,545,865 |
| Total operating expenses | 9,951,481 | 38,156,992 |
| Gain on sale of ENTADFI® assets | 918,372 | — |
| Operating loss | (7,882,657) | (37,454,937) |
| Non-operating income (expenses): | ||
| Interest expense | (164,957) | (873,230) |
| Change in fair value of derivative liabilities | (2,000) | (670,000) |
| Change in fair value of equity securities | (379,898) | — |
| Other income, net | 81,092 | 220,932 |
| Total non-operating expenses | (465,763) | (1,322,298) |
| Loss before income taxes | (8,348,420) | (38,777,235) |
| Income tax benefit | (72,439) | (68,278) |
| Net loss | $(8,275,981) | $(38,708,957) |
| Net loss per basic and diluted common shares outstanding | $(0.08) | $(0.48) |
| Basic and diluted weighted average common shares outstanding | 100,601,946 | 80,558,670 |
| See notes to unaudited condensed consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.