LIFECORE BIOMEDICAL, INC. \DE\
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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.
Jun 30, 2026 · Filed Aug 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Revenue recognition
- Revenue recognition
The following tables present disaggregated revenues:
| Three months ended | Six months ended | |||
|---|---|---|---|---|
| June 30,2026 | May 25,2025 | June 30,2026 | May 25,2025 | |
| CDMO | $15,552 | $23,516 | $31,327 | $44,305 |
| HA manufacturing | 18,615 | 12,928 | 26,033 | 27,293 |
| Total | $34,167 | $36,444 | $57,360 | $71,598 |
| Revenues recognized over time | $4,462 | $5,691 | $8,685 | $11,196 |
| Revenues recognized at a point in time | 29,705 | 30,753 | 48,675 | 60,402 |
| Total | $34,167 | $36,444 | $57,360 | $71,598 |
Duringthe three months ended June 30, 2026, the Company had revenue concentrations of 10% or greater from two customers, with those customers comprising 66% and 10% of revenue. During the three months ended May 25, 2025, the Company had revenue concentrations of 10% or greater from two customers, with those customers comprising 46% and 16% of revenue.
During the six months ended June 30, 2026, the Company had revenues concentrations of 10% or greater from two customers, accounting for 55% and 15%. During the six months ended May 25, 2025, the Company had revenues concentrations of 10% or greater from two customers, accounting for 50% and 17%.
The following table presents changes in contract assets and liabilities:
| Contract assets | Contract liabilities | |
|---|---|---|
| Balance at December 31, 2025 | $7,655 | $(8,660) |
| Changes to the beginning balance arising from: | ||
| Amounts billed as accounts receivable as the result of rights to consideration becoming unconditional | (6,343) | — |
| Recognition of revenue as the result of performance obligations satisfied | — | 5,297 |
| Estimated credit loss | (170) | — |
| Net change to contract balances recognized after the comparative balance sheet date due to amounts billed, recognition of revenue, changes in estimate, and interest from significant financing component | 6,426 | (1,916) |
| Balance at June 30, 2026 | $7,568 | $(5,279) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.