PURE — what changed in the latest 10-Q
A section-by-section comparison of PURE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-06-15 vs the prior 10-Q · 2026-03-17
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +6 | −5 | ~20 | 42 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | 0 | ~2 | 12 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-06-15
Selling, general and administrative expense was $708,000 and $776,000 for the three months ended April 30, 2026 and 2025, respectively. The decrease of $68,000 was due to reduced board of director fees and personnel costs.
Other income was $82,000 for the three months ended April 30, 2025. During the three months ended April 30, 2025, we received $82,000 from the U.S. Governments Employee Retention Tax Credit Program.
Gross margin as a percentage of net product sales, or gross margin percentage, was 58% and 58% for the nine months ended April 30, 2026 and 2025, respectively. Our current year product mix, related to sales, was relatively consistent with the prior year.
Other income was $8,000 and $79,000 for the nine months ended April 30, 2026 and 2025, respectively. During the nine months ended April 30, 2025, we received $82,000 from the U.S. Governments Employee Retention Tax Credit Program.
As of April 30, 2026, we had $983,000 in cash and cash equivalents compared with $334,000 in cash and cash equivalents as of July 31, 2025. The net increase in cash and cash equivalents was attributable to cash received from financing activities of $1,973,000, offset by cash used to fund continuing …
Text removed vs the prior filing · source: 10-Q · 2026-03-17
Selling, general and administrative expense was $847,000 and $871,000 for the three months ended January 31, 2026 and 2025, respectively. The decrease was primarily attributable to decreased board fees, personnel costs and facilities expenses. These decreases were partially offset by increased marke…
Comparison of the Six Months Ended January 31, 2026 and 2025
Gross margin as a percentage of net product sales, or gross margin percentage, was 60% and 58% for the six months ended January 31, 2026 and 2025, respectively. The slight increase in gross margin percentage was primarily attributable to the sale of higher margin packaging configurations of our prod…
As of January 31, 2026, we had $273,000 in cash and cash equivalents compared with $409,000 in cash and cash equivalents as of July 31, 2025. The net decrease in cash and cash equivalents was attributable to cash used to fund operations offset by the note payable financings that occurred during the …
We have a history of recurring losses, and as of January 31, 2026 we have a stockholder deficiency of $6,273,000. During the six months ended January 31, 2026, we recorded a net loss of $1,249,000 on recorded net revenue of $1,152,000. In addition, during the six months ended January 31, 2026 we use…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice