Company: PGEN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001356090-25-000034
Chunk: 146

Company: PRECIGEN, INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 146
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 in executive, commercial (including sales), operational, finance, information technology, 

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legal, and corporate communications functions. Other significant SG&A expenses include rent and utilities, insurance, marketing and promotion activities, sales operations, accounting, and legal services (including the cost of settling any claims and lawsuits), and expenses associated with obtaining and maintaining our intellectual property.

SG&A expenses may fluctuate in the future depending on the scaling of our corporate functions required to support our corporate initiatives, the strategic prioritization of assets, the build-up of our commercialization efforts and the outcomes of legal claims and assessments against us.

Other income (expense), net

Other income and expense, net consists primarily of changes in the fair value of warrant liabilities, interest expense related to the term loans entered into in 2025 that mature in 2030, and interest earned on our cash and cash equivalents and short-term and long-term investments, which may fluctuate based on amounts invested and current interest rates.

Results of operations

Comparison of the three months ended September 30, 2025 and the three months ended September 30, 2024 

The following table summarizes our results of operations for the three months ended September 30, 2025 and 2024 (dollars in thousands):

 Three Months Ended  September 30,DollarChangePercentChange 20252024  RevenuesCollaboration and licensing revenues$1,818 $— $1,818 N/AProduct revenues162 66 96 145.5 %Service revenues942 886 56 6.3 %Other revenues— 1 (1)(100.0)%Total revenues2,922 953 1,969 >200%Operating expensesCost of product and services1,035 1,009 26 2.6 %Research and development12,377 11,370 1,007 8.9 %Selling, general and administrative23,991 9,836 14,155 143.9 %Total operating expenses37,403 22,215 15,188 68.4 %Operating loss(34,481)(21,262)(13,219)62.2 %Total other expense, net(111,863)(2,704)(109,159)>200%Loss before income taxes(146,344)(23,966)(122,378)>200%Income tax expense — (12)12 (100.0)%