MEDIGUS LTD.
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF LOSS
AND OTHER COMPREHENSIVE LOSS
| Six months ended June 30, | ||||||||||
| 2023 | 2022 | |||||||||
| Unaudited | ||||||||||
| USD in thousands | ||||||||||
| Revenues | ||||||||||
| Products | 3,871 | 2,343 | ||||||||
| Services | 49,514 | 32,616 | ||||||||
| 53,385 | 34,959 | |||||||||
| Cost of revenues: | ||||||||||
| Products | 3,497 | 1,933 | ||||||||
| Services | 41,688 | 26,834 | ||||||||
| 45,185 | 28,767 | |||||||||
| Gross profit | 8,200 | 6,192 | ||||||||
| Research and development expenses | 2,632 | 2,500 | ||||||||
| Sales and marketing expenses | 1,868 | 2,240 | ||||||||
| General and administrative expenses | 8,274 | 5,057 | ||||||||
| Net change in fair value of financial assets at fair value through profit or loss | 3,978 | 813 | ||||||||
| Equity losses | 1,238 | 1,910 | ||||||||
| Operating loss | (9,790 | ) | (6,328 | ) | ||||||
| Gain from initial recognition of assets and liabilities upon consolidation of Gix Internet | - | (2,300 | ) | |||||||
| Loss from sale of investments | - | (68 | ) | |||||||
| Other income | (154 | ) | (176 | ) | ||||||
| Changes in fair value of warrants issued to investors | (238 | ) | 99 | |||||||
| Changes in fair value of warrants issued to third party investors by a consolidated subsidiary | (1,017 | ) | 63 | |||||||
| Financial loss, net | 978 | 793 | ||||||||
| Loss before taxes on income | (9,359 | ) | (4,739 | ) | ||||||
| Tax expenses | (177 | ) | (9 | ) | ||||||
| Net loss for the period | (9,536 | ) | (4,748 | ) | ||||||
| Other comprehensive income (loss) | ||||||||||
| Items that may be reclassified to profit or loss | ||||||||||
| Share of other comprehensive income (loss) of consolidated subsidiaries and associates accounted for using the equity method | 306 | (961 | ) | |||||||
| Other comprehensive income (loss) for the period | 306 | (961 | ) | |||||||
| Total comprehensive loss for the period | (9,230 | ) | (5,709 | ) | ||||||
| Net loss for the period is attributable to: | ||||||||||
| Owners of Medigus | (8,200 | ) | (3,590 | ) | ||||||
| Non-controlling interests | (1,336 | ) | (1,158 | ) | ||||||
| (9,536 | ) | (4,748 | ) | |||||||
| Total comprehensive loss for the period is attributable to: | ||||||||||
| Owners of Medigus | (8,061 | ) | (4,275 | ) | ||||||
| Non-controlling interests | (1,169 | ) | (1,434 | ) | ||||||
| (9,230 | ) | (5,709 | ) | |||||||
| Loss per ordinary share attributed to Medigus ltd | ||||||||||
| Basic | (0.33 | ) | (0.15 | ) | ||||||
| Diluted | (0.33 | ) | (0.15 | ) | ||||||
| Weighted average ordinary shares outstanding (in thousands) | ||||||||||
| Basic | 24,490 | 24,109 | ||||||||
| Diluted | 24,490 | 24,109 | ||||||||
