Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 26

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 26
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 operations 
     (2,383) 
     (3,197) 
     814  
     -25%
  
    Other income, net 
     91  
     2,311  
     (2,220) 
     -96%
  
    Net income (loss) before income taxes 
     (2,292) 
     (886) 
     (1,406) 
     159%
  
    Provision for income taxes 
     -  
     -  
     -  

    Net income (loss) 
    $(2,292) 
    $(886) 
    $(1,406) 
     159%

Revenue

For the three months ended March 31, 2025, total product
revenue remained relatively unchanged when compared to the same period in 2024. During the quarter ended March 31, 2025, grant and contract
revenue decreased $0.3 million, or 79% as compared to the same period in 2024. The decrease was primarily due to the disposition of TA&T
(as further explained in the liquidity and capital resources section below).

Cost of Revenue and Gross Profit

For the three months ended March 31, 2025, cost of
revenue remained relatively unchanged when compared to the same period in 2024.

Research and Development Expenses

For the three months ended March 31, 2025, research
and development expenses decreased $0.9 million, or 45%, as compared to the same period in 2024. This decrease was primarily attributable
to a decrease in payroll related costs, patent expenses, protypes, and outside consulting costs.

General and Administrative Expenses

For the three months ended March 31, 2025, general
and administrative expenses remained primarily unchanged.

21

Sales and Marketing Expenses

For the three months ended March 31, 2025, sales and
marketing expenses decreased $0.1 million, or 27%, as compared to the same period in 2024. This decrease was primarily attributable to
an overall decrease in payroll related costs.

Grant and Contract Expenses

For the three months ended March 31, 2025, grant and
contract expenses decreased $0.2 million, or 81%, as compared to the same period in 2024. This decrease was primarily attributable to
the decrease in grant and contract revenue described above.

Other Income, Net