Datavault AI Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
DVLT$0.06-16.5%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
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| | 2024 | 2023 | ||||
| | | | | | | |
| Revenue, net | | $2,674 | | $2,083 | ||
| Cost of revenue | | 2,298 | | 5,540 | ||
| Gross profit (deficit) | | 376 | | (3,457) | ||
| | | | | | | |
| Operating Expenses: | | | | | ||
| Research and development | | 7,818 | | 7,456 | ||
| Sales and marketing | | 3,974 | | 5,177 | ||
| General and administrative | | 9,722 | | 5,367 | ||
| Total operating expenses | | 21,514 | | 18,000 | ||
| Loss from operations | | (21,138) | | (21,457) | ||
| | | | | | | |
| Interest expense, net | | (1,272) | | (932) | ||
| Change in fair value of warrant liability | | (29,120) | | 4,510 | ||
| Loss on debt extinguishment | | — | | (837) | ||
| Other expense, net | | 121 | | (1) | ||
| Loss before provision for income taxes | | (51,409) | | (18,717) | ||
| Provision for income taxes | | — | | 4 | ||
| Net loss | | | (51,409) | | | (18,721) |
| Deemed dividend on conversion of Series B preferred for common stock and repurchase of Series B preferred stock | | | (5,842) | | | (6,360) |
| Deemed dividend on issuance of common stock and warrants issued in connection with amendments to warrants to purchase common stock | | $(10,475) | | | — | |
| Net loss attributable to common stockholders | | $(67,726) | | $(25,081) | ||
| Net loss per common share - basic and diluted | | $(16.14) | | $(476.31) | ||
| Weighted average number of common shares used in computing net loss per common share | | 4,197,284 | | 52,656 | ||
Note: Share and per share amounts have been retroactively adjusted to reflect the impact of a 1-for-100 reverse stock split effected in January 2023 as well as a 1-for-150 reverse stock split effected in April 2024, as discussed in Note 1.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.