ELUTIA INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 14, 2024
ELUT$0.84-0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(In Thousands, Except Share and Per Share Data)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Nine Months Ended · | |||||||||||||
| · · September 30, · · September 30, · | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Net sales | | $5,922 | | $6,127 | | $18,907 | | $18,870 | | ||||
| Cost of goods sold | | 3,181 | | 3,286 | | 10,524 | | 9,943 | | ||||
| Gross profit | | 2,741 | | 2,841 | | 8,383 | | 8,927 | | ||||
| Sales and marketing | | 2,989 | | 2,802 | | 9,628 | | 10,514 | | ||||
| General and administrative | | 4,521 | | 2,757 | | 14,266 | | 10,137 | | ||||
| Research and development | | 778 | | 557 | | 2,951 | | 3,016 | | ||||
| Litigation costs, net | | | 4,683 | | | 4,096 | | | 8,757 | | | 7,278 | |
| Total operating expenses | | | 12,971 | | | 10,212 | | | 35,602 | | | 30,945 | |
| Loss from operations | | (10,230) | | (7,371) | | (27,219) | | (22,018) | | ||||
| Interest expense, net | | 1,129 | | 1,448 | | 3,709 | | 4,285 | | ||||
| (Gain) loss on revaluation of warrant liability | | | (12,653) | | | (1,070) | | | 15,321 | | | (1,070) | |
| Other expense (income), net | | — | | 758 | | (1,186) | | 758 | | ||||
| Income (loss) before provision for income taxes | | 1,294 | | (8,507) | | (45,063) | | (25,991) | | ||||
| Income tax expense | | 8 | | 12 | | 5 | | 36 | | ||||
| Net income (loss) from continuing operations | | | 1,286 | | | (8,519) | | | (45,068) | | | (26,027) | |
| Income (loss) from discontinued operations | | | — | | | (1,228) | | | 180 | | | (2,315) | |
| Net income (loss) | | | 1,286 | | | (9,747) | | | (44,888) | | | (28,342) | |
| Less: Undistributed net income to participating securities | | | (219) | | | — | | | — | | | — | |
| Net income (loss) attributable to common stockholders | | | 1,067 | | | (9,747) | | | (44,888) | | | (28,342) | |
| Less: dilutive gain on revaluation of warrant liability, net of addback for undistributed net income to participating securities | | | (12,822) | | | — | | | — | | | — | |
| Net loss attributable to common stockholders for diluted earnings per share | | $(11,755) | | $(9,747) | | $(44,888) | | $(28,342) | | ||||
| | | | | | | | | | | | | | |
| Net income (loss) attributable to common stockholders from continuing operations per share - basic | | $0.03 | | $(0.50) | | $(1.66) | | $(1.58) | | ||||
| Net loss per share attributable to common stockholders from continuing operations per share - diluted | | $(0.33) | | $(0.50) | | $(1.66) | | $(1.58) | | ||||
| Net income (loss) attributable to common stockholders from discontinued operations per share - basic and diluted | | $— | | $(0.07) | | $0.01 | | $(0.14) | | ||||
| Net income (loss) attributable to common stockholders per share - basic | | $0.03 | | $(0.57) | | $(1.65) | | $(1.72) | | ||||
| Net loss attributable to common stockholders per share - diluted | | $(0.33) | | $(0.57) | | $(1.65) | | $(1.72) | | ||||
| | | | | | | | | | | | | | |
| Weighted average common shares outstanding - basic | | 32,520,134 | | 17,017,610 | | 27,132,216 | | 16,464,262 | | ||||
| Weighted average common shares outstanding - diluted | | 35,520,938 | | 17,017,610 | | 27,132,216 | | 16,464,262 | | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.