Company: PTHS
Filing Date: 2025-09-16
Form Type: 8-K/A
Source: 0001753926-25-001500
Chunk: 147

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-09-16
Form: 8-K/A
Chunk 147
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Revenue

| (Dollars in thousands) |     | Three months ended 
 2025               | June 30, |     | 2024 |     |     | Six months ended 
 2025             | June 30, |     | 2024 |     |
|:-----------------------|:----|:-------------------|---------:|:----|:-----|----:|:----|:-----------------|---------:|:----|:-----|----:|
| Revenue                |     | $                  |      317 |     | $    | 219 |     | $                |      611 |     | $    | 437 |

Q2 2025 vs. Q2 2024

Revenue was $317 thousand during the three months ended June 30, 2025, an increase of $98 thousand, or 45%, compared to $219 thousand for the three months ended June 30, 2024. Revenue in both periods was primarily related to the recognition of deferred revenue from Sato Agreement. Revenue increased primarily due to more delivery of study materials to Sato in 2025.

YTD 2025 vs. YTD 2024

Revenue was $611 thousand during the six months ended June 30, 2025, an increase of $174 thousand, or 40%, compared to $437 thousand for the six months ended June 30, 2024. Revenue in both periods was primarily related to the recognition of deferred revenue from Sato Agreement. Revenue increased primarily due to more delivery of study materials to Sato in 2025.

Operating Expenses

| (Dollars in thousands)              
 Operating expenses:                 |     | Three months ended 
 June 30,           
 2025               |        |     | 2024 |       |     | Six months ended 
 June 30,         
 2025             |        |     | 2024 |        |
|:------------------------------------|:----|:-------------------|-------:|:----|:-----|------:|:----|:-----------------|-------:|:----|:-----|-------:|
| Research and development            |     | $                  |  3,938 |     | $    | 2,288 |     | $                |  6,670 |     | $    |  5,617 |
| Selling, general and administrative |     |                    | 12,384 |     |