Aug. 14 at 2:45 PM
$SBFM SBFM Aug. 13 10-Q — just the numbers:
•
$13.75M cash as of June 30
•
$17.35M H1 revenue
• -
$2.81M H1 net loss
• 26.2% Q2 gross margin vs. 36.4% Q2 2025 (10.2% Less)
• Common shares: 2.28M → 3.88M
• +1.60M shares / +70%
• 1.43M shares sold through the ATM from July 27–Aug. 12, generating
$1.72M net
Warrants — before → after:
• Series B: 12.98M @
$2.3949 → 25.48M @
$1.2202
• Series C: 2.02M @
$5.00 → 4.04M @
$2.50
That’s ~29.5M B+C warrants against ~3.9M common shares outstanding. The filing says the B warrants remain subject to further adjustment as more of the ATM is sold.
All Normal Here! 🤣
Having fun yet @contra7 🤪