| SCHEDULE OF SEGMENT NET REVENUES |
Segment
net revenues, segment operating expenses and segment contribution information consisted of the following:
SCHEDULE
OF SEGMENT NET REVENUES
| | |
Branded | | |
Compounding | | |
Consolidated | |
| | |
Three Months Ended March 31, 2026 | |
| | |
Branded | | |
Compounding | | |
Consolidated | |
| Product sales, net | |
$ | 30,631,000 | | |
$ | 13,499,000 | | |
$ | 44,130,000 | |
| Other revenues | |
| 73,000 | | |
| - | | |
| 73,000 | |
| Total revenues | |
| 30,704,000 | | |
| 13,499,000 | | |
| 44,203,000 | |
| Cost of sales | |
| 10,954,000 | | |
| 6,204,000 | | |
| 17,158,000 | |
| Gross profit | |
| 19,750,000 | | |
| 7,295,000 | | |
| 27,045,000 | |
| Operating expenses | |
| | | |
| | | |
| | |
| Selling, general and administrative | |
| 25,759,000 | | |
| 6,742,000 | | |
| 32,501,000 | |
| Research and development | |
| 5,621,000 | | |
| 210,000 | | |
| 5,831,000 | |
| Segment contribution | |
$ | (11,630,000 | ) | |
$ | 343,000 | | |
| (11,287,000 | ) |
| | |
| | | |
| | | |
| | |
| Corporate | |
| - | | |
| - | | |
| 10,729,000 | |
| Research and development | |
| | | |
| | | |
| 64,000 | |
| Loss from operations | |
| | | |
| | | |
$ | (22,080,000 | ) |
| | |
Branded | | |
Compounding | | |
Consolidated | |
| | |
Three Months Ended March 31, 2025 | |
| | |
Branded | | |
Compounding | | |
Consolidated | |
| Product sales, net | |
$ | 27,694,000 | | |
$ | 20,051,000 | | |
$ | 47,745,000 | |
| Other revenues | |
| 86,000 | | |
| - | | |
| 86,000 | |
| Total revenues | |
| 27,780,000 | | |
| 20,051,000 | | |
| 47,831,000 | |
| Cost of sales | |
| 8,181,000 | | |
| 7,343,000 | | |
| 15,524,000 | |
| Gross profit | |
| 19,599,000 | | |
| 12,708,000 | | |
| 32,307,000 | |
| Operating expenses | |
| | | |
| | | |
| | |
| Selling, general and administrative | |
| 20,682,000 | | |
| 7,522,000 | | |
| 28,204,000 | |
| Research and development | |
| 1,993,000 | | |
| 224,000 | | |
| 2,217,000 | |
| Segment contribution | |
$ | (3,076,000 | ) | |
$ | 4,962,000 | | |
| 1,886,000 | |
| | |
| | | |
| | | |
| | |
| Corporate | |
| - | | |
| - | | |
| 12,309,000 | |
| Research and development | |
| | | |
| | | |
| 809,000 | |
| Loss from operations | |
| | | |
| | | |
$ | (11,232,000 | ) |
|
| SCHEDULE OF REVENUES BY SEGMENT |
Revenues
by segment are further described as follows:
SCHEDULE
OF REVENUES BY SEGMENT
| | |
For the Three Months Ended March 31, | |
| | |
2026 | | |
2025 | |
| IHEEZO | |
$ | 1,851,000 | | |
$ | 5,222,000 | |
| VEVYE | |
| 20,947,000 | | |
| 21,516,000 | |
| Other branded products | |
| 7,833,000 | | |
| 956,000 | |
| Other revenues | |
| 73,000 | | |
| 86,000 | |
| Branded revenue, net | |
| 30,704,000 | | |
| 27,780,000 | |
| Compounding revenue, net | |
| 13,499,000 | | |
| 20,051,000 | |
| Total revenues, net | |
$ | 44,203,000 | | |
$ | 47,831,000 | |
|