Company: SXTPW
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001213900-25-014334
Chunk: 118

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-02-14
Form: S-1
Chunk 118
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31 | %  |
| Cost of Revenues                                |                                             |                    | 111,687 |   |     |   |  71,196 |    |     |   |   40,491 |     |     |    56.87 |    |
| Gross Profit (Loss)                             |                                             | $                  |  23,606 |   |     | $ | (20,008 | )  |     | $ |   43,614 |     |     |  (217.98 | )% |
| Gross Margin %                                  |                                             |                    |   17.45 | % |     |   |  (39.09 | )% |     |   |          |     |     |          |    |

Product Revenues - net of Discounts and Rebates Our product revenues - net of discounts and rebates were $135,293 for the three months ended September 30, 2024, as compared to $51,188 for the three months ended September 30, 2023. For the three months ended September 30, 2024, our U.S. pharmaceutical distributor accounted for 92% of our total net product sales and Kodatef sales to our Australian distributor accounted for 8% of total net product sales (100% and 0% for the three months ended September 30, 2023, respectively). Domestic, commercial product sales are primarily driving increased sales volume during the period. We offer discounts and rebates to the civilian U.S. supply chain distribution channel. We record sales when our 3PL partner transfers boxes into their title model. Discounts and rebates offered to our 3PL partner amount to 12% along with a $5,500 fixed monthly fee that started in 2023. The product is then transferred usually to one of the three large U.S. pharmaceutical distributors where rebates are 10%. Lastly, we have relationships with several large PBMs that allow patients to purchase Arakoda at a discount. The rebate associated with PBMs ranges from 30% to 41.25% depending on the amount of coverage provided. For the three months ended September 30, 2024, discounts and rebates were $122,862 compared to $76,441 for the three months ended September 30, 2023. Arakoda entered the U.S. civilian supply chain in the third quarter of 2019. For the three months ended September 30, 2023