PAVmed Inc
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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FY2023 · Filed Mar 25, 2024
PAVM$1.63+3.8%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
(in thousands except number of shares and per share data)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue | $2,452 | $377 |
| Operating expenses: | ||
| Cost of revenue | 6,420 | 3,614 |
| Sales and marketing | 17,583 | 19,318 |
| General and administrative | 30,947 | 41,410 |
| Amortization of acquired intangible assets | 2,021 | 1,784 |
| Research and development | 14,276 | 25,338 |
| Total operating expenses | 71,247 | 91,464 |
| Operating loss | (68,795) | (91,087) |
| Other income (expense): | ||
| Interest income | 505 | 169 |
| Interest expense | (589) | (1,281) |
| Change in fair value - Senior Secured Convertible Notes | (6,026) | (1,273) |
| Loss on issue and offering costs - Senior Secured Convertible Note | (1,186) | (4,332) |
| Debt extinguishments loss - Senior Secured Convertible Notes | (3,782) | (5,434) |
| Change in fair value - derivative liability | (390) | — |
| Gain on sale of intellectual property | 1,000 | — |
| Other income (expense), net | (10,468) | (12,151) |
| Loss before provision for income tax | (79,263) | (103,238) |
| Provision for income taxes | — | — |
| Net loss before noncontrolling interests | (79,263) | (103,238) |
| Net loss attributable to the noncontrolling interests | 15,088 | 14,255 |
| Net loss attributable to PAVmed Inc. | (64,175) | (88,983) |
| Less: Deemed dividend on Series Z warrant modification | (1,791) | — |
| Less: Series B Convertible Preferred Stock dividends earned | (304) | (281) |
| Net loss attributable to PAVmed Inc. common stockholders | $(66,270) | $(89,264) |
| Per share information(1): | ||
| Net loss per share attributable to PAVmed Inc. common stockholders – basic and diluted | $(9.16) | $(15.03) |
| Weighted average common shares outstanding, basic and diluted | 7,231,546 | 5,938,406 |
| (1) | Reflects the Company’s 1-for-15 reverse stock split that became effective December 7, 2023. Refer to Note 3 - Summary of Significant Accounting Policies for further information. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.