v3.24.2.u1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Product revenue, net $ 14,855 $ 16,961 $ 27,885 $ 29,126
Collaboration revenue   183   364
Other revenue   211   259
Net revenue 14,896 17,386 27,926 29,815
Operating expenses        
Cost of goods sold - product revenue 6,541 7,767 13,357 14,216
Research and development 12,671 32,139 37,495 67,415
Research and development - licenses acquired   3   4,233
Selling, general and administrative 20,823 24,439 38,777 49,780
Asset impairment 2,649 3,143 2,649 3,143
Total operating expenses 42,684 67,491 92,278 138,787
Loss from operations (27,788) (50,105) (64,352) (108,972)
Other income (expense)        
Interest income 734 715 1,567 1,751
Interest expense and financing fee (2,122) (6,425) (4,724) (10,721)
Change in fair value of warrant liabilities   (512)   6,166
Gain (loss) on common stock warrant liabilities 70   (597)  
Loss from deconsolidation of subsidiaries   (3,369)   (3,369)
Other income (expense) 282 395 260 699
Total other income (expense) (1,036) (9,196) (3,494) (5,474)
Net loss (28,824) (59,301) (67,846) (114,446)
Net loss attributable to non-controlling interests 17,876 34,525 41,481 68,133
Net loss attributable to Fortress (10,948) (24,776) (26,365) (46,313)
Net loss attributable to common stockholders $ (13,339) $ (26,917) $ (31,199) $ (50,595)
Net loss per common share attributable to common stockholders - basic $ (0.73) $ (3.65) $ (1.76) $ (7.14)
Net loss per common share attributable to common stockholders - diluted $ (0.73) $ (3.65) $ (1.76) $ (7.14)
Weighted average common shares outstanding - basic 18,316,874 7,377,332 17,736,299 7,086,482
Weighted average common shares outstanding - diluted 18,316,874 7,377,332 17,736,299 7,086,482
Related Party        
Revenue        
Revenue - related party $ 41 $ 31 $ 41 $ 66

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