Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Operations

v3.23.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Product revenue, net $ 16,961 $ 18,235 $ 29,126 $ 39,031
Collaboration revenue 183 577 364 1,154
Other revenue 211 56 259 2,556
Net revenue 17,386 18,886 29,815 42,811
Operating expenses        
Cost of goods sold - product revenue 7,767 7,633 14,216 15,836
Research and development 32,139 33,130 67,415 69,852
Research and development - licenses acquired 3 1 4,233 1
Selling, general and administrative 24,439 29,048 49,780 55,318
Asset impairment, net 3,143   3,143  
Total operating expenses 67,491 69,812 138,787 141,007
Loss from operations (50,105) (50,926) (108,972) (98,196)
Other income (expense)        
Interest income 715 150 1,751 292
Interest expense and financing fee (6,425) (3,154) (10,721) (5,504)
Change in fair value of warrant liabilities (512)   6,166  
Loss from deconsolidation of Aevitas (3,369)   (3,369) 0
Other income 395   699  
Total other expense (9,196) (3,004) (5,474) (5,212)
Net loss (59,301) (53,930) (114,446) (103,408)
Net loss attributable to non-controlling interests 34,525 32,574 68,133 66,292
Net loss attributable to Fortress (24,776) (21,356) (46,313) (37,116)
Preferred A dividends declared and paid (2,008) (2,008) (4,016) (4,016)
Net loss attributable to common stockholders $ (26,784) $ (23,364) $ (50,329) $ (41,132)
Net loss per common share attributable to common stockholders - basic $ (0.24) $ (0.26) $ (0.47) $ (0.47)
Net loss per common share attributable to common stockholders - diluted $ (0.24) $ (0.26) $ (0.47) $ (0.47)
Weighted average common shares outstanding - basic 110,659,985 88,743,457 106,297,241 87,593,952
Weighted average common shares outstanding - diluted 110,659,985 88,743,457 106,297,241 87,593,952
Related Party [Member]        
Revenue        
Revenue - related party $ 31 $ 18 $ 66 $ 70