Company: PGEN
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001356090-25-000024
Chunk: 45

Company: PRECIGEN, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 2. As of June 30, 2025, substantially all of the Company's long-lived assets were held in the United States and there were no revenues derived in foreign countries for any periods presented. Expenditures for the addition of long-lived assets are reported on the consolidated statements of cash flows as purchases of property and equipment.  Total segment net loss, which equals consolidated net loss per the condensed consolidated statements of operations was as follows:Three Months Ended  June 30,Six months ended  June 30,2025202420252024Revenues from external customers$856 $717 $2,197 $1,782 Less:Salaries, benefits and other payroll expenses, including severance costs(9,721)(12,395)(18,907)(23,185)Rent and Utilities(873)(1,101)(1,805)(2,113)Unrealized (appreciation) depreciation in fair value of Warrants liabilities4,460 — (28,021)— Impairment of Goodwill(3,907)(1,630)(3,907)(1,630)Impairment of Assets— (32,915)— (32,915)Other segment expenses, net(17,457)(11,468)(30,352)(24,469)Net loss$(26,642)$(58,792)$(80,795)$(82,530)Other segment expenses, net in the table above includes external R&D costs including laboratory supplies, third-party commercialization and manufacturing costs, cost of sales, consultant costs, legal and professional fees, insurance, and certain other overhead expenses.For the three months ended June 30, 2025 and 2024, 76.9% and 74.8%, respectively, of total consolidated revenue was attributable to four customers. For the six months ended June 30, 2025 and 2024, 50.5% and 65.5%, respectively, of total consolidated revenue was attributed to three customers in 2025 and four customers in 2024.

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

The following "Management's Discussion and Analysis of Financial Condition and Results of Operations" should be read in conjunction with the unaudited financial information and the notes thereto included in this Quarterly Report on Form 10-Q, or Quarterly Report, and our Annual Report on Form 10-K for the