Company: SCLXW
Filing Date: 2025-01-17
Form Type: 10-Q
Source: 0000950170-25-006755
Chunk: 20

Company: Scilex Holding Co
Filing Date: 2025-01-17
Form: 10-Q
Item: Item 2
Chunk 20
---
 interest related to the Revolving Facility.

Results of Operations For the Nine Months Ended September 30, 2024 and 2023

    Nine Months Ended September 30,

    2024

    2023

    Changes

    Statements of Operations Data:

    Net revenue
     
    $
    41,690

    $
    33,281

    $
    8,409

    Net operating costs and expenses:

    Cost of revenue

    11,998

    11,160

    838

    Research and development

    7,461

    10,012

    (2,551
    )

    Selling, general and administrative

    83,610

    96,121

    (12,511
    )

    Intangible amortization

    3,030

    3,080

    (50
    )

    Legal settlements

    (9,391
    )

    —

    (9,391
    )

    Total net operating costs and expenses

    96,708

    120,373

    (23,665
    )

    Loss from operations

    (55,018
    )

    (87,092
    )

    32,074

    Other (income) expense, net:

    (Gain) loss on derivative liability

    (2,367
    )

    1,090

    (3,457
    )

    Change in fair value of debt and liability instruments

    11,961

    4,197

    7,764

    Interest expense, net

    1,678

    517

    1,161

    Loss on foreign currency exchange

    57

    30

    27

    Total other expense, net

    11,329

    5,834

    5,495

    Loss before income taxes

    (66,347
    )

    (92,926
    )

    26,579

    Income tax expense

    —

    5

    (5
    )

    Net loss
     
    $
    (66,347
    )
     
    $
    (92,931
    )
     
    $
    26,584

Comparison of the Nine Months Ended September 30, 2024 and 2023

Net Revenue

Net revenue for the nine months ended