Debt ObligationsThe company has $44.2M of principal debt obligations, indicating a significant financial commitment.
Net LossNet loss was $30.4M, or ($3.52) per share, more than our estimated loss of $2.2M due to an asset impairment charge of $26.5M.
Strategic RealignmentThe company announced that it had completed its previously announced evaluation of strategic alternatives for Tissue Health Plus (THP) and initiated a strategic realignment of its business, which involves discontinuing THP to improve operating efficiency.