SHOULDER INNOVATIONS, INC.
For the period ended Mar 31, 2026. Filed May 13, 2026.
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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.
Mar 31, 2026 · Filed May 13, 2026
SI$21.93+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months Ended | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Net revenue | $16,708 | $10,132 |
| Cost of goods sold | 3,722 | 2,341 |
| Gross profit | 12,986 | 7,791 |
| Selling, general and administrative expenses (includes $1,239 and $849 to related parties, respectively) | 18,208 | 10,502 |
| Research and development expenses (includes $3,065 and $1,235 to related parties, respectively) | 3,754 | 1,583 |
| Operating loss | (8,976) | (4,294) |
| Other (income) expense | ||
| Interest (income) expense, net | (436) | 367 |
| Other (income) expense, net | (161) | 1 |
| Total other (income) expense | (597) | 368 |
| Loss before income tax expense | (8,379) | (4,662) |
| Income tax expense | — | — |
| Net loss | $(8,379) | $(4,662) |
| Other comprehensive loss, net | ||
| Unrealized loss on marketable securities | (181) | (116) |
| Total other comprehensive loss, net | (181) | (116) |
| Comprehensive loss | $(8,560) | $(4,778) |
| Net loss per share attributed to common stock – basic and diluted: | ||
| Net loss per share | $(0.41) | $(52.13) |
| Weighted average shares outstanding | ||
| Weighted average common shares outstanding – basic and diluted | 20,653,035 | 89,438 |
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