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Anixa Biosciences Inc

For the period ended Jan 31, 2025. Filed Mar 11, 2025.

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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.

Jan 31, 2025 · Filed Mar 11, 2025

ANIX$3.18+4.8%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 January 31,2025

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 001-37492

ANIXA BIOSCIENCES, INC.

(Exact name of registrant as specified in its charter)

Delaware11-2622630
(State or other jurisdiction of(I.R.S. Employer
incorporation or organization)Identification No.)
San Jose, CA95118
(Address of principal executive offices)(Zip Code)

(408) 708-9808

(Registrant’s telephone number, including area code)

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

Title of each classTrading symbolName of exchange on which registered
Common Stock, par value $.01 per shareANIXNASDAQ Capital Market

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, 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 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 Exchange Act).

Yes ☐No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

On March 11, 2025 the registrant had outstanding 32,196,862 shares of Common Stock, par value $.01 per share, which is the registrant’s only class of common stock.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements.1
Condensed Consolidated Balance Sheets (Unaudited) as of January 31, 2025 and October 31, 20241
Condensed Consolidated Statements of Operations (Unaudited) for the three months ended January 31, 2025 and 20242
Condensed Consolidated Statements of Equity (Unaudited) for the three months ended January 31, 2025 and 20243
Condensed Consolidated Statements of Cash Flows (Unaudited) for the three months ended January 31, 2025 and 20244
Notes to Condensed Consolidated Financial Statements (Unaudited)5
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.16
Item 3. Quantitative and Qualitative Disclosures About Market Risk.19
Item 4. Controls and Procedures.19
PART II. OTHER INFORMATION20
Item 1. Legal Proceedings.20
Item 1A. Risk Factors.20
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.20
Item 3. Defaults Upon Senior Securities.20
Item 4. Mine Safety Disclosures.20
Item 5. Other Information.20
Item 6. Exhibits.20
SIGNATURES21

ii

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