Company: SCLXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047800
Chunk: 42

Company: Scilex Holding Co
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 42
---
 
    $
    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 net operating costs and expenses

    139,986

    152,174

    (12,188
    )

    Loss from operations

    (83,396
    )

    (105,431
    )

    22,035

    Other (income) expense, net:

    (Gain) loss on derivative liability

    (17,378
    )

    512

    (17,890
    )

    Change in fair value of debt and liability instruments

    4,782

    7,189

    (2,407
    )

    Interest expense, net

    1,963

    1,068

    895

    Loss on foreign currency exchange

    45

    118

    (73
    )

    Total other (income) expense, net

    (10,588
    )

    8,887

    (19,475
    )

    Loss before income taxes

    (72,808
    )

    (114,318
    )

    41,510

    Income tax (benefit) expense

    (1
    )

    13

    (14
    )

    Net loss
     
    $
    (72,807
    )
     
    $
    (114,331
    )
     
    $
    41,524

Comparison of the Years Ended December 31, 2024 and 2023

 126

Net Revenue

The following table summarizes net revenue by product for the years ended December 31, 2024 and 2023 (in thousands):

    Year Ended December 31,

    2024

    2023

    Increase (Decre