Celularity Inc
For the period ended Sep 30, 2023. Filed Jan 3, 2024.
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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.
Sep 30, 2023 · Filed Jan 3, 2024
CELU$0.71-6.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)
(in thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Net revenues | ||||
| Product sales and rentals | $1,684 | $1,041 | $3,633 | $2,920 |
| Services | 1,427 | 1,405 | 4,062 | 4,061 |
| License, royalty and other | 675 | 1,689 | 2,964 | 6,865 |
| Total revenues | 3,786 | 4,135 | 10,659 | 13,846 |
| Operating expenses | ||||
| Cost of revenues (excluding amortization of acquired intangible assets) | ||||
| Product sales and rentals | 557 | 812 | 1,486 | 1,711 |
| Services | 398 | 899 | 1,355 | 3,112 |
| Licenses, royalties and other | 2,647 | 5,502 | 3,566 | 9,595 |
| Research and development | 5,182 | 20,351 | 30,737 | 67,373 |
| Software cease-use costs | 243 | - | 24,161 | - |
| Selling, general and administrative | 10,748 | 14,907 | 37,508 | 46,941 |
| Change in fair value of contingent consideration liability | - | (33,243) | (104,339) | (73,441) |
| Goodwill impairment | 82,714 | - | 112,347 | - |
| IPR&D impairment | - | - | 107,800 | - |
| Amortization of acquired intangible assets | 553 | 553 | 1,640 | 1,640 |
| Total operating expenses | 103,042 | 9,781 | 216,261 | 56,931 |
| Loss from operations | (99,256) | (5,646) | (205,602) | (43,085) |
| Other income (expense): | ||||
| Interest income | 23 | 108 | 205 | 155 |
| Interest expense | (971) | - | (2,352) | - |
| Change in fair value of warrant liabilities | 5,187 | 9,333 | 6,788 | 31,613 |
| Change in fair value of debt | 2,003 | (291) | (354) | (291) |
| Other income (expense), net | (862) | 1,278 | (4,527) | 1,366 |
| Total other income (expense) | 5,380 | 10,428 | (240) | 32,843 |
| (Loss) income before income taxes | (93,876) | 4,782 | (205,842) | (10,242) |
| Income tax benefit | - | (17) | - | - |
| Net (loss) income | $(93,876) | $4,799 | $(205,842) | $(10,242) |
| Change in fair value of debt due to change in credit risk, net of tax | - | 236 | 2,541 | 236 |
| Other comprehensive income | - | 236 | 2,541 | 236 |
| Comprehensive (loss) income | $(93,876) | $5,035 | $(203,301) | $(10,006) |
| Share information: | ||||
| Net (loss) income per share - basic | $(0.50) | $0.03 | $(1.19) | $(0.07) |
| Weighted average shares outstanding - basic | 188,317,262 | 142,676,953 | 173,536,134 | 137,787,645 |
| Net (loss) income per share - diluted | $(0.50) | $0.03 | $(1.19) | $(0.07) |
| Weighted average shares outstanding - diluted | 188,317,262 | 150,546,268 | 173,536,134 | 137,787,645 |
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