Sarcos Technology Robotics Corp
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
PDYN$3.54+17.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share data)
| | Year Ended December 31, | ||
|---|---|---|---|
| | | 2023 | 2022 |
| Revenue, net | | $6,146 | $14,569 |
| Operating expenses: | | ||
| Cost of revenue (exclusive of items shown separately below) | | 5,041 | 11,614 |
| Research and development | | 39,012 | 34,144 |
| General and administrative | | 31,454 | 63,480 |
| Sales and marketing | | 10,828 | 9,949 |
| Intangible amortization expense | 2,821 | 2,184 | |
| Asset write-down and restructuring | 37,946 | — | |
| Goodwill impairment | — | 70,236 | |
| Total operating expenses | | 127,102 | 191,607 |
| Loss from operations | | (120,956) | (177,038) |
| Interest income, net | | 3,294 | 1,831 |
| Gain on warrant liability | 162 | 13,442 | |
| Other income, net | | 1,914 | 743 |
| Loss before income tax (expense) benefit | | (115,586) | (161,022) |
| Income tax (expense) benefit | | (7) | 3,892 |
| Net loss | | $(115,593) | $(157,130) |
| Net loss per share | | ||
| Basic and diluted | | $(4.51) | $(6.42) |
| Weighted-average shares used in computing net loss per share | | ||
| Basic and diluted | | 25,639,270 | 24,473,212 |
See accompanying notes to the consolidated financial statements.
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