biote Corp
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 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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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except share and per share amounts) (Unaudited)
| Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Product revenue | $48,111 | $48,652 | $94,146 | $92,807 |
| Service revenue | 1,058 | 605 | 1,827 | 1,293 |
| Total revenue | 49,169 | 49,257 | 95,973 | 94,100 |
| Cost of revenue | ||||
| Cost of products | 14,426 | 14,992 | 27,228 | 28,019 |
| Cost of services | 861 | 836 | 1,426 | 1,686 |
| Cost of revenue | 15,287 | 15,828 | 28,654 | 29,705 |
| Selling, general and administrative | 27,649 | 25,760 | 50,659 | 48,845 |
| Income from operations | 6,233 | 7,669 | 16,660 | 15,550 |
| Other income (expense), net: | ||||
| Interest expense, net | (2,577) | (1,645) | (4,237) | (3,291) |
| Loss from change in fair value of warrant liability | — | (11,793) | — | (13,411) |
| Loss from change in fair value of earnout liability | (13,949) | (6,400) | (26,038) | (31,810) |
| Other income (expense) | (2) | (4) | (4) | (11) |
| Total other income (expense), net | (16,528) | (19,842) | (30,279) | (48,523) |
| Loss before provision for income taxes | (10,295) | (12,173) | (13,619) | (32,973) |
| Income tax expense | 180 | 922 | 2,666 | 1,552 |
| Net Loss | (10,475) | (13,095) | (16,285) | (34,525) |
| Less: Net loss attributable to noncontrolling interest | (4,153) | (7,952) | (7,893) | (22,577) |
| Net loss attributable to biote Corp. stockholders | $(6,322) | $(5,143) | $(8,392) | $(11,948) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | (1) | — | (2) | — |
| Other comprehensive income (loss) | (1) | — | (2) | — |
| Comprehensive income (loss) | $(10,476) | $(13,095) | $(16,287) | $(34,525) |
| Net loss per common share | ||||
| Basic | $(0.19) | $(0.25) | $(0.25) | $(0.62) |
| Diluted | $(0.19) | $(0.25) | $(0.25) | $(0.62) |
| Weighted average common shares outstanding | ||||
| Basic | 33,072,156 | 20,704,866 | 34,185,578 | 19,153,574 |
| Diluted | 33,072,156 | 20,704,866 | 34,185,578 | 19,153,574 |
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