Skip to main content

VERU INC

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

View on SEC.gov

About 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 exhibits

Unaudited Condensed Consolidated Statements of Operations

Three Months Ended
December 31,
20232022 (Restated)
Net revenues$2,140,726$2,507,794
Cost of sales990,2741,805,739
Gross profit1,150,452702,055
Operating expenses:
Research and development1,650,05020,611,127
Selling, general and administrative8,301,43117,545,865
Total operating expenses9,951,48138,156,992
Gain on sale of ENTADFI® assets918,372—
Operating loss(7,882,657)(37,454,937)
Non-operating income (expenses):
Interest expense(164,957)(873,230)
Change in fair value of derivative liabilities(2,000)(670,000)
Change in fair value of equity securities(379,898)—
Other income, net81,092220,932
Total non-operating expenses(465,763)(1,322,298)
Loss before income taxes(8,348,420)(38,777,235)
Income tax benefit(72,439)(68,278)
Net loss$(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 outstanding100,601,94680,558,670
See notes to unaudited condensed consolidated financial statements.
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.