60 DEGREES PHARMACEUTICALS, INC.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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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.
Mar 31, 2025 · Filed May 15, 2025
SXTP$0.52-4.7%Stored close · as of Nov 10, 2026
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Consolidated Condensed Statements of Operations and Comprehensive (Loss) Income
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED)
| For The Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Product Revenues – net of Discounts and Rebates | $163,552 | $105,674 |
| Cost of Revenues | 73,272 | 65,437 |
| Gross Profit | 90,280 | 40,237 |
| Research Revenues | 92,731 | 29,631 |
| Net Revenue | 183,011 | 69,868 |
| Operating Expenses: | ||
| Research and Development | 407,622 | 337,182 |
| General and Administrative Expenses | 1,686,264 | 1,075,134 |
| Total Operating Expenses | 2,093,886 | 1,412,316 |
| Loss from Operations | (1,910,875) | (1,342,448) |
| Interest Expense | (1,790) | (1,402) |
| Change in Fair Value of Derivative Liabilities | 5,105 | 1,740,847 |
| Other Income, net | 30,322 | 31,051 |
| Total Interest and Other Income, net | 33,637 | 1,770,496 |
| (Loss) Income from Operations before Provision for Income Taxes | (1,877,238) | 428,048 |
| Provision for Income Taxes (Note 9) | 63 | 63 |
| Net (Loss) Income including Noncontrolling Interest | (1,877,301) | 427,985 |
| Net Loss – Noncontrolling Interest | (752) | (2,485) |
| Net (Loss) Income – attributed to 60 Degrees Pharmaceuticals, Inc. | (1,876,549) | 430,470 |
| Comprehensive (Loss) Income: | ||
| Net (Loss) Income | (1,877,301) | 427,985 |
| Unrealized Foreign Currency Translation Loss | (9,904) | (3,894) |
| Total Comprehensive (Loss) Income | (1,887,205) | 424,091 |
| Net Loss – Noncontrolling Interest | (752) | (2,485) |
| Comprehensive (Loss) Income – attributed to 60 Degrees Pharmaceuticals, Inc. | (1,886,453) | 426,576 |
| Cumulative Dividends on Series A Preferred Stock | (118,158) | (117,881) |
| Net (Loss) Income - attributed to common stockholders | $(2,004,611) | $308,695 |
| Net (Loss) Income per Common Share: | ||
| Basic and Diluted | $(1.56) | $1.83 |
| Weighted Average Number of Common Shares Outstanding(1) | ||
| Basic and Diluted | 1,283,462 | 168,756 |
| (1) | Prior periods presented have been adjusted to reflect the 1:12 reverse stock split on August 12, 2024 and the 1:5 reverse stock split on February 24, 2025. |
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