ELUTIA INC.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
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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, 2026 · Filed Nov 10, 2026
ELUT$0.93+11.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(In Thousands, Except Share and Per Share Data)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Nine Months Ended · | |||||||||||||
| · · September 30, · · September 30, · | |||||||||||||
| · · 2026 · · 2025 · · 2026 · · 2025 · | |||||||||||||
| Net sales | | $1,137 | | $944 | | $3,306 | | $2,007 | | ||||
| Cost of goods sold | | 435 | | 446 | | 1,299 | | 1,248 | | ||||
| Gross profit | | 702 | | 498 | | 2,007 | | 759 | | ||||
| Sales and marketing | | 756 | | 921 | | 2,423 | | 1,889 | | ||||
| General and administrative | | 3,748 | | 3,505 | | 11,173 | | 10,770 | | ||||
| Research and development | | 2,977 | | 1,088 | | 7,477 | | 2,948 | | ||||
| Litigation costs, net | | | 117 | | | 853 | | | 2,780 | | | 7,429 | |
| Total operating expenses | | | 7,598 | | | 6,367 | | | 23,853 | | | 23,036 | |
| Loss from operations | | (6,896) | | (5,869) | | (21,846) | | (22,277) | | ||||
| Interest expense (income), net | | 278 | | 265 | | 135 | | (42) | | ||||
| (Gain) loss on revaluation of warrant and derivative liabilities | | | (661) | | | (5,098) | | | 768 | | | (12,518) | |
| Other (income) expense, net | | (18) | | — | | (147) | | 1,547 | | ||||
| Loss before provision for income taxes | | (6,495) | | (1,036) | | (22,602) | | (11,264) | | ||||
| Income tax expense | | 8 | | 8 | | 86 | | 24 | | ||||
| Net loss from continuing operations | | | (6,503) | | | (1,044) | | | (22,688) | | | (11,288) | |
| Income (loss) from discontinued operations | | | 5,218 | | | (2,824) | | | 6,288 | | | (6,123) | |
| Net loss | | $(1,285) | | $(3,868) | | $(16,400) | | $(17,411) | | ||||
| | | | | | | | | | | | | | |
| Net loss from continuing operations per share - basic | | $(0.15) | | $(0.02) | | $(0.52) | | $(0.28) | | ||||
| Net loss from continuing operations per share - diluted | | $(0.15) | | $(0.13) | | $(0.52) | | $(0.52) | | ||||
| Net (loss) income from discontinued operations per share - basic | | $0.12 | | $(0.07) | | $0.14 | | $(0.15) | | ||||
| Net (loss) income from discontinued operations per share - diluted | | $0.11 | | $(0.06) | | $0.14 | | $(0.13) | | ||||
| Net loss per share - basic | | $(0.03) | | $(0.09) | | $(0.37) | | $(0.43) | | ||||
| Net loss per share - diluted | | $(0.04) | | $(0.19) | | $(0.37) | | $(0.66) | | ||||
| | | | | | | | | | | | | | |
| Weighted average common shares outstanding - basic | | 44,313,491 | | 42,431,314 | | 43,847,094 | | 40,965,925 | | ||||
| Weighted average common shares outstanding - diluted | | 47,538,170 | | 46,957,199 | | 43,847,094 | | 45,492,271 | | ||||
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