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Oncocyte Corp

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

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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.

Jun 30, 2024 · Filed Aug 8, 2024

IMDX$2.49+1.2%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period endedJune 30,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to __________

Commission file number 1-37648

Oncocyte Corporation

(Exact name of registrant as specified in its charter)

California27-1041563
(State or other jurisdiction(I.R.S. Employer
of incorporation or organization)Identification No.)

15 Cushing

Irvine, California 92618

(Address of principal executive offices) (Zip Code)

(949) 409-7600

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, no par valueOCXThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐
Non-accelerated filer ☒Smaller reporting company ☒
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

The number of shares of common stock outstanding as of August 1, 2024 was 13,368,387.

TABLE OF CONTENTS

For the quarterly period ended June 30, 2024

Page
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS3
PART 1—FINANCIAL INFORMATION4
Item 1. Financial Statements4
CONDENSED CONSOLIDATED BALANCE SHEETS4
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS5
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS6
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SERIES A REDEEMABLE CONVERTIBLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY7
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS9
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS10
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations43
Item 3. Quantitative and Qualitative Disclosures about Market Risk55
Item 4. Controls and Procedures55
PART II - OTHER INFORMATION56
Item 1. Legal Proceedings56
Item 1A. Risk Factors56
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds57
Item 3. Default Upon Senior Securities57
Item 4. Mine Safety Disclosures57
Item 5. Other Information57
Item 6. Exhibits58
SIGNATURES59
ContentsView on SEC.gov

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