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BIOMERICA INC

For the period ended Aug 31, 2024. Filed Oct 15, 2024.

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About this filing

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.

Aug 31, 2024 · Filed Oct 15, 2024

BMRA$1.610.0%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 ENDED AUGUST 31, 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:001-37863

BIOMERICA, INC.

(Exact name of registrant as specified in its charter)

Delaware95-2645573
(State or other jurisdiction of Incorporation of organization)(I.R.S. Employer Identification No.)
17571 Von Karman Avenue, Irvine, CA (Address of principal executive offices)92614 (Zip Code)

(949)645-2111

(Registrant’s telephone number, including area code)

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

Title of each classTrading SymbolsName of each exchange on which registered
Common Stock, par value $0.08BMRANasdaq Capital Market

Indicate by check whether the registrant (1) 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 (paragraph 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See 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 pursuant 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 Act).

Yes ☐ No☒

The number of shares of the registrant’s common stock outstanding as of October 15, 2024 was 16,821,646.

BIOMERICA, INC.

INDEX

PART I · Financial Information
Item 1. · Financial Statements:
Condensed Consolidated Balance Sheets (unaudited) – August 31, 2024 and May 31, 20241
Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) – Three Months Ended August 31, 2024 and 20232
Condensed Consolidated Statements of Shareholders’ Equity (unaudited) – Three Months Ended August 31, 2024 and 20233
Condensed Consolidated Statements of Cash Flows (unaudited) – Three Months Ended August 31, 2024 and 20234
Notes to Condensed Consolidated Financial Statements (unaudited)5-12
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations13-16
Item 3.Quantitative and Qualitative Disclosures about Market Risk16
Item 4.Controls and Procedures16
PART IIOther Information
Item 1.Legal Proceedings17
Item 1A.Risks Factors17
Item 5.Other Information17
Item 6.Exhibits17
Signatures18
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.