Oncocyte Corp
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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FY2023 · Filed Apr 16, 2024
IMDX$2.50+0.4%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 per share data)
| Years Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| Net revenue | $1,503 | $958 |
| Cost of revenues | 1,002 | 880 |
| Cost of revenues – amortization of acquired intangibles | 88 | 96 |
| Gross profit (loss) | 413 | (18) |
| Operating expenses: | ||
| Research and development | 9,294 | 7,301 |
| Sales and marketing | 2,795 | 1,132 |
| General and administrative | 11,182 | 21,881 |
| Change in fair value of contingent consideration | (5,762) | (31,019) |
| Impairment losses | 6,757 | - |
| Goodwill impairment | - | 18,684 |
| Loss on disposal and held for sale assets | 1,283 | - |
| Total operating expenses | 25,549 | 17,979 |
| Loss from operations | (25,136) | (17,997) |
| Other (expenses) income: | ||
| Interest expense | (52) | (83) |
| Realized and unrealized loss on marketable equity securities, net | (61) | (471) |
| Other income (expenses), net | 394 | (61) |
| Total other income (expenses) | 281 | (615) |
| Loss from continuing operations | (24,855) | (18,612) |
| Loss from discontinued operations (Note 13) | (2,926) | (54,290) |
| Net loss | $(27,781) | $(72,902) |
| Less: dividends and accretion of Series A redeemable convertible preferred stock | (942) | (520) |
| Net loss attributable to common stockholders | $(28,723) | $(73,422) |
| Net loss from continuing operations per share: basic and diluted | $(3.37) | $(3.45) |
| Net loss from discontinued operations per share: basic and diluted | $(0.38) | $(9.80) |
| Net loss attributable to common stockholders per share: basic and diluted | $(3.75) | $(13.25) |
| Weighted average shares outstanding: basic and diluted | 7,651 | 5,540 |
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