ELUTIA INC
For the period ended Jun 30, 2024. Filed Aug 13, 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 13, 2024
ELUT$0.93+11.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(In Thousands, Except Share and Per Share Data)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Six Months Ended · | |||||||||||||
| · · June 30, · · June 30, · | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Net sales | | $6,291 | | $6,351 | | $12,985 | | $12,743 | | ||||
| Cost of goods sold | | 3,492 | | 3,637 | | 7,343 | | 6,655 | | ||||
| Gross profit | | 2,799 | | 2,714 | | 5,642 | | 6,088 | | ||||
| Sales and marketing | | 3,330 | | 3,022 | | 6,639 | | 7,713 | | ||||
| General and administrative | | 4,689 | | 3,861 | | 9,745 | | 7,381 | | ||||
| Research and development | | 1,001 | | 869 | | 2,173 | | 2,460 | | ||||
| FiberCel litigation costs, net | | | 2,289 | | | 1,271 | | | 4,074 | | | 3,182 | |
| Total operating expenses | | | 11,309 | | | 9,023 | | | 22,631 | | | 20,736 | |
| Loss from operations | | (8,510) | | (6,309) | | (16,989) | | (14,648) | | ||||
| Interest expense | | 1,267 | | 1,409 | | 2,580 | | 2,839 | | ||||
| Loss on revaluation of warrant liability | | | 18,337 | | | — | | | 27,974 | | | — | |
| Other expense (income), net | | 257 | | — | | (1,186) | | — | | ||||
| Loss before provision for income taxes | | (28,371) | | (7,718) | | (46,357) | | (17,487) | | ||||
| Income tax expense (benefit) | | (11) | | 12 | | (3) | | 24 | | ||||
| Net loss from continuing operations | | | (28,360) | | | (7,730) | | | (46,354) | | | (17,511) | |
| Income (loss) from discontinued operations | | | 180 | | | (2,891) | | | 180 | | | (1,084) | |
| Net loss | | $(28,180) | | $(10,621) | | $(46,174) | | $(18,595) | | ||||
| | | | | | | | | | | | | | |
| Net loss from continuing operations per share - basic and diluted | | $(1.14) | | $(0.48) | | $(1.90) | | $(1.08) | | ||||
| Net income (loss) from discontinued operations per share - basic and diluted | | $0.01 | | $(0.18) | | $0.01 | | $(0.07) | | ||||
| Net loss per share - basic and diluted | | $(1.13) | | $(0.65) | | $(1.89) | | $(1.15) | | ||||
| | | | | | | | | | | | | | |
| Weighted average common shares outstanding - basic and diluted | | 24,900,167 | | 16,223,919 | | 24,408,651 | | 16,208,905 | | ||||
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