ELUTIA INC.

For the period ended Mar 31, 2025. Filed May 13, 2025.

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.

Mar 31, 2025 · Filed May 13, 2025

ELUT$0.84-0.2%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

(In Thousands, Except Share and Per Share Data)


· · Three Months Ended · ·
· · March 31, · ·
· 2025 · 2024
Net sales	$6,030	$6,694
Cost of goods sold	3,573	3,851
Gross profit	2,457	2,843
Sales and marketing	3,031	3,309
General and administrative	3,871	5,056
Research and development	905	1,172
Litigation costs, net	2,572	1,785
Total operating expenses	10,379	11,322
Loss from operations	(7,922)	(8,479)
Interest expense, net	1,085	1,313
(Gain) loss on revaluation of warrant liability	(5,187)	9,637
Other expense (income), net	105	(1,443)
Loss before provision for income taxes	(3,925)	(17,986)
Income tax expense	8	8
Net loss	(3,933)	(17,994)
Less: dilutive gain on revaluation of warrant liability	(5,201)	—
Net loss for diluted earnings per share	$(9,134)	$(17,994)

Net loss per share - basic	$(0.10)	$(0.75)
Net loss per share - diluted	$(0.21)	$(0.75)

Weighted average common shares outstanding - basic	38,616,207	23,912,326
Weighted average common shares outstanding - diluted	42,913,111	23,912,326

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.