Evofem Biosciences Inc
For the period ended Jun 30, 2024. Filed Aug 14, 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 14, 2024
EVFM$0.48-23.4%Stored close · as of Aug 10, 2022
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Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Product sales, net | $4,160 | $2,458 | $7,763 | $8,267 |
| Operating Expenses: | ||||
| Cost of goods sold | 769 | 2,293 | 1,453 | 3,669 |
| Research and development | 270 | 402 | 864 | 942 |
| Selling and marketing | 2,243 | 2,197 | 4,588 | 6,051 |
| General and administrative | 2,267 | 4,902 | 5,091 | 8,520 |
| Total operating expenses | 5,549 | 9,794 | 11,996 | 19,182 |
| Loss from operations | (1,389) | (7,336) | (4,233) | (10,915) |
| Other income (expense): | ||||
| Interest income | 6 | 8 | 10 | 26 |
| Other expense, net | (558) | (1,127) | (1,174) | (1,445) |
| Loss on issuance of financial instruments | (25) | (27) | (3,300) | (111) |
| Gain on debt extinguishment | - | - | 1,120 | - |
| Change in fair value of financial instruments | 3,325 | (73) | 4,127 | 1,539 |
| Total other income (expense), net | 2,748 | (1,219) | 783 | 9 |
| Income (loss) before income tax | 1,359 | (8,555) | (3,450) | (10,906) |
| Income tax expense | (8) | (3) | (8) | (6) |
| Net income (loss) | 1,351 | (8,558) | (3,458) | (10,912) |
| Convertible preferred stock deemed dividends | (47) | - | (94) | - |
| Net income (loss) attributable to common stockholders | $1,304 | $(8,558) | $(3,552) | $(10,912) |
| Net income (loss) per share attributable to common stockholders: | ||||
| Basic (Note 2) | $0.02 | $(5.43) | $(0.07) | $(6.60) |
| Diluted (Note 2) | $(0.00) | $(5.43) | $(0.07) | $(6.60) |
| Weighted-average shares used to compute net income (loss) per share attributable to common shareholders: | ||||
| Basic | 66,773,313 | 1,576,158 | 48,983,853 | 1,654,026 |
| Diluted | 1,613,722,212 | 1,576,158 | 48,983,853 | 1,654,026 |
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