Quarterly report [Sections 13 or 15(d)]

Note 13 - Segment Information

v3.25.2
Note 13 - Segment Information
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

13.

Segment Information

 

An operating segment is identified as a component of an enterprise that engages in business activities about which separate discrete financial information and operating results is regularly reviewed by the chief operating decision-maker (CODM) in making decisions regarding resource allocation and assessing performance. DiaMedica's CODM is the Chief Executive Officer. The Company operates in a single operating segment focused on the development of its drug product candidate DM199 for the treatment of severe ischemic disease. The CODM manages and allocates resources to the operations of the Company on a total company basis. Further, the CODM reviews and utilizes functional expenses (i.e., research, development and general and administrative) at the consolidated level to manage the Company's operations. Other segment items included in consolidated net loss are revenues, share-based compensation, interest income, other expense, net, and income tax expense, which are reflected in the condensed consolidated statements of operations and comprehensive loss. The measure of segment assets is reported on the condensed consolidated balance sheet as total consolidated assets.

 

 

The following table presents financial information, including significant segment expenses, which are regularly provided to the CODM and included within segment and consolidated net loss:

 

   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2025

   

2024

   

2025

   

2024

 

Operating expenses, excluding share-based compensation

                               

Research and development

  $ 5,589     $ 3,821     $ 11,056     $ 7,302  

General and administrative

    1,647       1,374       3,457       3,146  

Total operating expenses, excluding share-based compensation

    7,236       5,195       14,513       10,448  

Share-based compensation

                               

Research and development

    233       107       422       302  

General and administrative

    538       336       1,216       629  

Total share-based compensationd

    771       443       1,638       931  

Operating loss

    (8,007 )     (5,638 )     (16,151 )     (11,379 )

Interest income

    313       524       757       1,140  

Other income (expense), net

    1       2             (17 )

Income tax expense

    (6 )     (7 )     (12 )     (14 )

Segment and consolidated net loss

  $ (7,699 )   $ (5,119 )   $ (15,406 )   $ (10,270 )