Evofem Biosciences Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 14, 2024
EVFM$0.48-23.4%Stored close · as of Aug 10, 2022
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Product sales, net | $4,496 | $5,112 | $12,259 | $13,379 |
| Operating Expenses: | ||||
| Cost of goods sold | 869 | 1,889 | 2,322 | 5,558 |
| Amortization of intangible asset | 301 | - | 301 | - |
| Research and development | 332 | 614 | 1,196 | 1,556 |
| Selling and marketing | 2,382 | 2,985 | 6,970 | 9,036 |
| General and administrative | 3,052 | 3,176 | 8,143 | 11,696 |
| Total operating expenses | 6,936 | 8,664 | 18,932 | 27,846 |
| Loss from operations | (2,440) | (3,552) | (6,673) | (14,467) |
| Other income (expense): | ||||
| Interest income | 3 | 2 | 13 | 28 |
| Other expense, net | (562) | (596) | (1,736) | (2,041) |
| Loss on issuance of financial instruments | - | (5,175) | (3,300) | (5,286) |
| Gain (loss) on debt extinguishment, net | (143) | 75,337 | 977 | 75,337 |
| Change in fair value of financial instruments | 769 | - | 4,896 | 1,539 |
| Total other income, net | 67 | 69,568 | 850 | 69,577 |
| Income (loss) before income tax | (2,373) | 66,016 | (5,823) | 55,110 |
| Income tax benefit (expense) | 8 | (11) | - | (17) |
| Net income (loss) | (2,365) | 66,005 | (5,823) | 55,093 |
| Convertible preferred stock deemed dividends | (5) | - | (99) | - |
| Net income (loss) attributable to common stockholders | $(2,370) | $66,005 | $(5,922) | $55,093 |
| Net income (loss) per share attributable to common stockholders: | ||||
| Basic (Note 2) | $(0.02) | $15.34 | $(0.09) | $21.42 |
| Diluted (Note 2) | $(0.02) | $0.10 | $(0.09) | $0.09 |
| Weighted-average shares used to compute net income (loss) per share attributable to common shareholders: | ||||
| Basic | 96,459,121 | 4,236,477 | 64,924,454 | 2,524,302 |
| Diluted | 96,459,121 | 729,979,486 | 64,924,454 | 694,561,898 |
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