Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Operations

v3.23.3
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Product revenue, net $ 15,279 $ 16,043 $ 44,405 $ 55,074
Collaboration revenue 182 364 546 1,518
Other revenue 19,260 73 19,519 2,629
Net revenue 34,752 16,528 64,567 59,339
Operating expenses        
Cost of goods sold - product revenue 6,429 7,221 20,645 23,057
Research and development 20,288 29,855 87,702 99,707
Research and development - licenses acquired 60 47 4,293 48
Selling, general and administrative 21,733 30,139 71,512 85,457
Asset impairment     3,143  
Total operating expenses 48,510 67,262 187,295 208,269
Loss from operations (13,758) (50,734) (122,728) (148,930)
Other income (expense)        
Interest income 547 419 2,296 711
Interest expense and financing fee (2,534) (3,393) (13,255) (8,897)
Change in fair value of warrant liabilities 4,542   10,708  
Other income (expense) 620 648 (2,049) 648
Total other income (expense) 3,175 (2,326) (2,300) (7,538)
Loss before income tax expense (10,583) (53,060) (125,028) (156,468)
Income tax expense 141 0 142 0
Net loss (10,724) (53,060) (125,170) (156,468)
Net loss attributable to non-controlling interests 5,679 30,549 73,812 96,841
Net loss attributable to Fortress (5,045) (22,511) (51,358) (59,627)
Preferred A dividends declared and paid (2,008) (2,008) (6,024) (6,024)
Net loss attributable to common stockholders $ (7,053) $ (24,519) $ (57,382) $ (65,651)
Net loss per common share attributable to common stockholders - basic $ (0.94) $ (4.11) $ (7.94) $ (11.15)
Net loss per common share attributable to common stockholders - diluted $ (0.94) $ (4.11) $ (7.94) $ (11.15)
Weighted average common shares outstanding - basic 7,498,653 5,961,663 7,231,004 5,886,131
Weighted average common shares outstanding - diluted 7,498,653 5,961,663 7,231,004 5,886,131
Related Party [Member]        
Revenue        
Revenue - related party $ 31 $ 48 $ 97 $ 118