Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Operations

v3.24.3
Unaudited Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Product revenue, net $ 14,629,000 $ 15,279,000 $ 42,514,000 $ 44,405,000
Collaboration revenue   182,000   546,000
Other revenue   19,260,000   19,519,000
Net revenue 14,629,000 34,752,000 42,555,000 64,567,000
Operating expenses        
Cost of goods sold - product revenue 5,285,000 6,429,000 18,642,000 20,645,000
Research and development 9,446,000 20,288,000 46,941,000 87,702,000
Research and development - licenses acquired   60,000   4,293,000
Selling, general and administrative 21,993,000 21,733,000 60,867,000 71,512,000
Asset impairment     2,649,000 3,143,000
Total operating expenses 36,724,000 48,510,000 129,099,000 187,295,000
Loss from operations (22,095,000) (13,758,000) (86,544,000) (122,728,000)
Other income (expense)        
Interest income 589,000 547,000 2,157,000 2,296,000
Interest expense and financing fee (6,209,000) (2,534,000) (10,933,000) (13,255,000)
Gain (loss) on common stock warrant liabilities 19,000 4,542,000 (578,000) 10,708,000
Other income (expense) 1,071,000 620,000 1,334,000 (2,049,000)
Total other income (expense) (4,530,000) 3,175,000 (8,020,000) (2,300,000)
Loss before income tax expense (26,625,000) (10,583,000) (94,564,000) (125,028,000)
Income tax expense (refund) 69,000 141,000 (24,000) 142,000
Net loss (26,694,000) (10,724,000) (94,540,000) (125,170,000)
Net loss attributable to non-controlling interests 13,827,000 5,679,000 55,308,000 73,812,000
Net loss attributable to Fortress (12,867,000) (5,045,000) (39,232,000) (51,358,000)
Preferred A dividends declared and paid and/or cumulated, and Fortress' share of subsidiary deemed dividends (2,173,000) (2,008,000) (7,006,000) (6,024,000)
Net loss attributable to common stockholders $ (15,040,000) $ (7,053,000) $ (46,238,000) $ (57,382,000)
Net loss per common share attributable to common stockholders - basic $ (0.76) $ (0.94) $ (2.43) $ (7.94)
Net loss per common share attributable to common stockholders - diluted $ (0.76) $ (0.94) $ (2.43) $ (7.94)
Weighted average common shares outstanding - basic 19,697,290 7,498,653 19,041,590 7,231,004
Weighted average common shares outstanding - diluted 19,697,290 7,498,653 19,041,590 7,231,004
Related Party        
Revenue        
Revenue - related party   $ 31,000 $ 41,000 $ 97,000