Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Product revenue, net $ 59,662 $ 70,995
Collaboration revenue 5,229 1,882
Other revenue 19,519 2,674
Net revenue 84,513 75,743
Operating expenses    
Cost of goods sold - product revenue 26,660 30,775
Research and development 101,747 134,199
Research and development - licenses acquired 4,324 677
Selling, general and administrative 94,124 113,656
Asset impairment 3,100  
Total operating expenses 226,855 279,307
Loss from operations (142,342) (203,564)
Other income (expense)    
Interest income 3,003 1,398
Interest expense and financing fee (15,315) (13,642)
Change in fair value of warrant liabilities 4,424 1,129
Other income (expense) (3,403) 1,215
Total other income (expense) (11,291) (9,900)
Loss before income tax expense (153,633) (213,464)
Income tax expense 521 449
Net loss (154,154) (213,913)
Net loss attributable to non-controlling interests 93,517 127,338
Net loss attributable to Fortress (60,637) (86,575)
Preferred A dividends declared and paid (8,032) (8,032)
Net loss attributable to common stockholders $ (68,669) $ (94,607)
Net loss per common share attributable to common stockholders - basic $ (8.47) $ (15.97)
Net loss per common share attributable to common stockholders - diluted $ (8.47) $ (15.97)
Weighted average common shares outstanding - basic 8,110,906 5,924,967
Weighted average common shares outstanding - diluted 8,110,906 5,924,967
Related Party [Member]    
Revenue    
Revenue - related party $ 103 $ 192