Company: SWKH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040420
Chunk: 89

Company: SWK Holdings Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 89
---
 OPERATIONS

Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is provided as a supplement to, and should be read in conjunction with, our audited consolidated financial statements, and the MD&A included in our Annual Report on Form 10-K for the year ended December 31, 2024 (“Annual Report”), as well as our unaudited condensed consolidated financial statements and the accompanying notes included in this report.

Overview 

We have organized our operations into two segments: Finance Receivables and Pharmaceutical Development. These segments reflect the way the Company evaluates its business performance and manages its operations. Please refer to Item 1. Financial Statements, Note 10 of the notes to the unaudited condensed consolidated financial statements for further information regarding segment information.

26

Finance Receivables Portfolio Overview

The table below provides an overview of our outstanding finance receivables transactions as of and for the three and six months ended June 30, 2025 (in thousands, except rate, share and per share data):

Revenue RecognizedRoyalty PurchasesLicensed TechnologyFunded AmountGAAP BalanceQ2 2025Year-to-DateBesivance® (1) Ophthalmic antibiotic$6,000 $— $— $2 Forfivo XL® (6)Depressive disorder treatment6,000 — — 506 Coflex®/Kybella® (6)Spinal stenosis/submental fullness4,350 — — 48 Cambia® (6)NSAID migraine treatment8,500 — — 98 Duo Royalty (6)Japanese Women's health/cystic fibrosis15,353 — — 591 Immune Globulin (6)Immune Globulin Therapeutics 14,100 — — 443 Relief (6)Rare Disease Portfolio7,701 — — 336 Best ABT, Inc.(2), (3)Oncology diagnosis 5,784 2,347 — — Flowonix Medical, Inc.(2), (3), (4)Drug delivery device 12,455 7,133 — — Ideal Implant, Inc.(2), (3)Aesthetics 4,025 2,832 — — Iluvien® (7)Diabetic macular edema16,501 — — 519 Revenue