VERU INC.
For the period ended Mar 31, 2025. Filed May 8, 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 8, 2025
VERU$2.12-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| March 31, | March 31, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Operating expenses: | ||||
| Research and development | $3,932,102 | $2,985,118 | $9,648,932 | $4,643,693 |
| Selling, general and administrative | 5,164,433 | 5,903,673 | 10,391,546 | 12,555,296 |
| Total operating expenses | 9,096,535 | 8,888,791 | 20,040,478 | 17,198,989 |
| Gain on sale of ENTADFI® assets | 974,303 | — | 1,669,519 | 918,372 |
| Operating loss from continuing operations | (8,122,232) | (8,888,791) | (18,370,959) | (16,280,617) |
| Non-operating income (expenses): | ||||
| Gain on extinguishment of debt | — | — | 8,624,778 | — |
| Change in fair value of equity securities | — | (192,030) | (349,078) | (571,928) |
| Other income, net | 269,839 | 377,722 | 432,963 | 482,064 |
| Total non-operating income (expenses) | 269,839 | 185,692 | 8,708,663 | (89,864) |
| Net loss from continuing operations | (7,852,393) | (8,703,099) | (9,662,296) | (16,370,481) |
| Net loss from discontinued operations, net of taxes | (49,226) | (1,322,849) | (7,184,670) | (1,931,448) |
| Net loss | $(7,901,619) | $(10,025,948) | $(16,846,966) | $(18,301,929) |
| Net loss from continuing operations per basic and diluted common shares outstanding | $(0.05) | $(0.06) | $(0.07) | $(0.13) |
| Net loss from discontinued operations per basic and diluted common shares outstanding | $(0.00) | $(0.01) | $(0.05) | $(0.02) |
| Net loss per basic and diluted common shares outstanding | $(0.05) | $(0.07) | $(0.12) | $(0.15) |
| Basic and diluted weighted average common shares outstanding | 146,386,142 | 146,381,186 | 146,385,019 | 123,366,486 |
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