biote Corp
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 15, 2024
BTMD$1.08-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Loss) And Comprehensive Income (Loss)
(in thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue: | ||
| Product revenue | $182,573 | $163,133 |
| Service revenue | 2,787 | 1,824 |
| Total revenue | 185,360 | 164,957 |
| Cost of revenue | ||
| Cost of products | 54,246 | 51,990 |
| Cost of services | 3,631 | 2,585 |
| Cost of revenue | 57,877 | 54,575 |
| Selling, general and administrative | 98,826 | 171,104 |
| Income (loss) from operations | 28,657 | (60,722) |
| Other income (expense), net: | ||
| Interest expense, net | (6,363) | (4,047) |
| Gain (loss) from change in fair value of warrant liability | (13,411) | 5,127 |
| Gain (loss) from change in fair value of earnout liability | (8,990) | 61,770 |
| Loss from extinguishment of debt | — | (445) |
| Other income (expense) | (16) | 29 |
| Total other income (expense), net | (28,780) | 62,434 |
| Income (loss) before provision for income taxes | (123) | 1,712 |
| Income tax expense | 2,682 | 388 |
| Net income (loss) | (2,805) | 1,324 |
| Less: Net income (loss) attributable to noncontrolling interest | (6,121) | 2,293 |
| Net income (loss) attributable to biote Corp. stockholders | $3,316 | $(969) |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | 8 | (1) |
| Other comprehensive income (loss) | 8 | (1) |
| Comprehensive income (loss) | $(2,797) | $1,323 |
| Net income (loss) per common share | ||
| Basic | $0.13 | $(0.12) |
| Diluted | $0.13 | $(0.12) |
| Weighted average common shares outstanding | ||
| Basic | 25,709,343 | 8,059,371 |
| Diluted | 25,709,343 | 8,059,371 |
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