Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Statements of Operations

v3.25.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Product revenue, net $ 13,139 $ 13,030
Operating expenses    
Cost of goods - (excluding amortization of acquired intangible assets) 4,790 6,002
Amortization of acquired intangible assets 1,065 814
Research and development 3,938 24,839
Selling, general and administrative 25,663 17,941
Total operating expenses 35,456 49,596
Loss from operations (22,317) (36,566)
Other income (expense)    
Interest income 490 833
Interest expense and financing fee (2,805) (2,602)
Loss on common stock warrant liabilities (47) (667)
Other income (expense) (12) (21)
Total other expense (2,374) (2,457)
Net loss (24,691) (39,023)
Net loss attributable to non-controlling interests 14,107 23,606
Net loss attributable to Fortress (10,584) (15,417)
Preferred A dividends declared and paid and/or cumulated, and Fortress' share of subsidiary deemed dividends (2,131) (2,442)
Net loss attributable to common stockholders $ (12,715) $ (17,859)
Net loss per common share attributable to common stockholders - basic $ (0.48) $ (1.04)
Net loss per common share attributable to common stockholders - diluted $ (0.48) $ (1.04)
Weighted average common shares outstanding - basic 26,450,218 17,151,945
Weighted average common shares outstanding - diluted 26,450,218 17,151,945