Company: SCYX
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038044
Chunk: 108

Company: SCYNEXIS INC
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 108
---
 and development credits; and

•interest income associated with our held-to-maturity investments and money market accounts.

Income Tax Expense

For the years ended December 31, 2024 and 2023, our income tax expense recognized consists primarily of income tax expense for U.S. federal and state income taxes.

Results of Operations for the Years Ended December 31, 2024 and 2023

The following table summarizes our results of operations for the years ended December 31, 2024 and 2023, and period-to-period percentage change (dollars in thousands):

50

    Years Ended December 31,

    2024

    2023

    Period-to-Period Change

    Revenue:

    Product revenue, net
     
    $
    —

    $
    1,044

    (1,044
    )

    (100.0
    )%

    License agreement revenue

    3,746

    139,097

    (135,351
    )

    (97.3
    %)

    Total revenue

    3,746

    140,141

    (136,395
    )

    (97.3
    %)

    Operating expenses:

    Cost of product revenue

    —

    15,624

    (15,624
    )

    (100.0
    %)

    Research and development

    26,405

    30,928

    (4,523
    )

    (14.6
    )%

    Selling, general and administrative

    14,458

    20,920

    (6,462
    )

    (30.9
    )%

    Total operating expenses

    40,863

    67,472

    (26,609
    )

    (39.4
    )%

    (Loss) income from operations

    (37,117
    )

    72,669

    (109,786
    )

    (151.1
    )%

    Other expense (income):

    Amortization of debt issuance costs and discount

    1,726

    2,994

    (1,268
    )

    (42.4
    )%

    Interest income

    (4,291
    )

    (3,954
    )

    (337
    )

    8.5
    %

    Interest expense