ELUTIA INC.
For the period ended Jun 30, 2025. Filed Aug 14, 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.
Jun 30, 2025 · Filed Aug 14, 2025
ELUT$0.93+11.6%Stored close · as of Nov 10, 2026
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 · · Six Months Ended · | |||||||||||||
| · · June 30, · · June 30, · | |||||||||||||
| · 2025 · 2024 · 2025 · 2024 | |||||||||||||
| Net sales | | $6,263 | | $6,291 | | $12,293 | | $12,985 | | ||||
| Cost of goods sold | | 3,205 | | 3,492 | | 6,778 | | 7,343 | | ||||
| Gross profit | | 3,058 | | 2,799 | | 5,515 | | 5,642 | | ||||
| Sales and marketing | | 3,778 | | 3,330 | | 6,809 | | 6,639 | | ||||
| General and administrative | | 3,695 | | 4,689 | | 7,566 | | 9,745 | | ||||
| Research and development | | 1,456 | | 1,001 | | 2,361 | | 2,173 | | ||||
| Litigation costs, net | | | 4,004 | | | 2,289 | | | 6,576 | | | 4,074 | |
| Total operating expenses | | | 12,933 | | | 11,309 | | | 23,312 | | | 22,631 | |
| Loss from operations | | (9,875) | | (8,510) | | (17,797) | | (16,989) | | ||||
| Interest expense, net | | 518 | | 1,267 | | 1,603 | | 2,580 | | ||||
| (Gain) loss on revaluation of warrant liability | | | (2,233) | | | 18,337 | | | (7,420) | | | 27,974 | |
| Other expense (income), net | | 1,442 | | 257 | | 1,547 | | (1,186) | | ||||
| Loss before provision for income taxes | | (9,602) | | (28,371) | | (13,527) | | (46,357) | | ||||
| Income tax expense | | 8 | | (11) | | 16 | | (3) | | ||||
| Net loss from continuing operations | | | (9,610) | | | (28,360) | | | (13,543) | | | (46,354) | |
| Income from discontinued operations | | | — | | | 180 | | | — | | | 180 | |
| Net loss | | | (9,610) | | | (28,180) | | | (13,543) | | | (46,174) | |
| Less: dilutive gain on revaluation of warrant liability | | | (2,233) | | | — | | | (7,419) | | | — | |
| Net loss for diluted earnings per share | | $(11,843) | | $(28,180) | | $(20,962) | | $(46,174) | | ||||
| | | | | | | | | | | | | | |
| Net loss from continuing operations per share - basic | | $(0.23) | | $(1.14) | | $(0.34) | | $(1.90) | | ||||
| Net loss from continuing operations per share - diluted | | $(0.26) | | $(1.14) | | $(0.47) | | $(1.90) | | ||||
| Net income from discontinued operations per share - basic and diluted | | $— | | $0.01 | | $— | | $0.01 | | ||||
| Net loss per share - basic | | $(0.23) | | $(1.13) | | $(0.34) | | $(1.89) | | ||||
| Net loss per share - diluted | | $(0.26) | | $(1.13) | | $(0.47) | | $(1.89) | | ||||
| | | | | | | | | | | | | | |
| Weighted average common shares outstanding - basic | | 41,782,556 | | 24,900,167 | | 40,239,372 | | 24,408,651 | | ||||
| Weighted average common shares outstanding - diluted | | 46,308,642 | | 24,900,167 | | 44,765,897 | | 24,408,651 | | ||||
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