Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119822
Chunk: 184

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 184
---
 eCapital Healthcare Corp. pursuant to a Credit and Security Agreement (the “eCapital Credit Agreement”) that Scilex Pharma entered into on June 27, 2023.

Loss on Foreign Currency Exchange

Loss
on foreign currency exchange relates to foreign exchange losses on payments made to our foreign supplier, Itochu, a manufacturer and supplier of lidocaine tape products, including ZTlido and SP-103.

117

Results of Operations The following tables summarize our results of operations for the years ended December 31, 2024 and 2023 (in thousands):

|                                                        |     | Year Ended December 31, |    2024 |   |     |   |     2023 |   |     | Changes |         |   |
|:-------------------------------------------------------|:----|:------------------------|--------:|:--|:----|:--|---------:|:--|:----|:--------|--------:|:--|
| Statements of Operations Data:                         |     |                         |         |   |     |   |          |   |     |         |         |   |
| Net revenue                                            |     | $                       |  56,590 |   |     | $ |   46,743 |   |     | $       |   9,847 |   |
| Net operating costs and expenses:                      |     |                         |         |   |     |   |          |   |     |         |         |   |
| Cost of revenue                                        |     |                         |  16,689 |   |     |   |   15,681 |   |     |         |   1,008 |   |
| Research and development                               |     |                         |   9,641 |   |     |   |   12,746 |   |     |         |  (3,105 | ) |
| Selling, general and administrative                    |     |                         | 119,016 |   |     |   |  119,641 |   |     |         |    (625 | ) |
| Intangible amortization                                |     |                         |   4,031 |   |     |   |    4,106 |   |     |         |     (75 | ) |
| Legal settlements                                      |     |                         |  (9,391 | ) |     |   |        — |   |     |         |  (9,391 | ) |
| Total