Pulmonx Corp 2025年季度报告

FORM 10-Q Commission File Number: 001-39562 PULMONX CORPORATION (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file reports), and (2) has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Large accelerated filer☐ Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No As of July 25, 2025, there were 40,746,556 shares of the Registrant’s Common Stock, par value $0.001 per share,outstanding. Table of Contents TABLE OF CONTENTS PagePART I.FINANCIAL INFORMATION1Item 1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheets1Condensed Consolidated Statements of Operations and Comprehensive Loss3Condensed Consolidated Statements of Stockholders’ Equity4Condensed Consolidated Statements of Cash Flows6Notes to Unaudited Condensed Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations27Item 3.Quantitative and Qualitative Disclosures About Market Risk40Item 4.Controls and Procedures41PART II.OTHER INFORMATION42Item 1.Legal Proceedings42Item 1A.Risk Factors43Item 2.Unregistered Sales of Securities and Use of Proceeds103Item 3.Defaults Upon Senior Securities103Item 4.Mine Safety Disclosures103Item 5.Other Information104Item 6.Exhibits104Signatures1062 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about usand our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future results ofoperations and financial condition, business strategy, plans, and objectives of management for future operations andstatements that are necessarily dependent upon future events are forward-looking statements. In some cases, you canidentify forward-looking statements by words such as “may,” “might,” “will,” “objective,” “intend,” “should,”“could,” “can,” “would,” “expect,” “believe,” “anticipate,” “project,” “target,” “design,” “estimate,” “predict,”“potential,” “plan” or the negative of these terms or other similar expressions, although not all forward-lookingstatements contain these words. We have based these forward-looking statements largely on our current expectations and projections about futureevents and financial trends that we believe may affect our financial condition, results of operations, businessstrategy, and financial needs. These forward-looking statements speak only as of the date of this Quarterly Report onForm 10-Q and are subject to a number of known and unknown risks, uncertainties, and assumptions, including risksdescribed in the section entitled “Risk Factors.” These risks are not exhaustive. Other sections of this QuarterlyReport on Form 10-Q include additional factors that could harm our business and financial performance. Moreover,we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time, andit is not possible for our management to predict all risk factors nor can we assess the impact of all factors on ourbusiness or the extent to which any factor, or combination of factors, may cause actual results to differ from thosecontained in, or implied by, any forward-looking statements. You should not rely on these forward-looking statements as predictions of future events. We cannot assure you thatthe events and circumstances reflected in the forward-looking statements will be achieved or occur. Although webelieve that the expectations reflected in the forward-looking statements are reaso