Quarterly report [Sections 13 or 15(d)]

Note 13 - Segment Information

v3.25.3
Note 13 - Segment Information
9 Months Ended
Sep. 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

September 30,

   

Nine Months Ended

September 30,

 
   

2025

   

2024

   

2025

   

2024

 

Operating expenses, excluding share-based compensation

                               

Research and development

  $ 6,066     $ 4,835     $ 17,122     $ 12,137  

General and administrative

    1,951       1,483       5,408       4,629  

Total operating expenses, excluding share-based compensation

    8,017       6,318       22,530       16,766  

Share-based compensation

                               

Research and development

    370       147       792       449  

General and administrative

    646       418       1,862       1,047  

Total share-based compensation

    1,016       565       2,654       1,496  

Operating loss

    (9,033 )     (6,883 )     (25,184 )     (18,262 )

Interest income

    440       618       1,197       1,758  

Other income (expense), net

    (21 )     (2 )     (21 )     (19 )

Income tax expense

    (6 )     (7 )     (18 )     (21 )

Segment and consolidated net loss

  $ (8,620 )   $ (6,274 )   $ (24,026 )   $ (16,544 )