Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Statements of Operations

v3.25.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Revenue    
Product revenue, net $ 14,855 $ 27,885
Net revenue 14,896 27,926
Operating expenses    
Cost of goods - (excluding amortization of acquired intangible assets) 5,727 11,728
Amortization of acquired intangible assets 814 1,629
Research and development 12,671 37,495
Selling, general and administrative 20,823 38,777
Asset impairment 2,649 2,649
Total operating expenses 42,684 92,278
Loss from operations (27,788) (64,352)
Other income (expense)    
Interest income 734 1,567
Interest expense and financing fee (2,122) (4,724)
Gain (loss) on common stock warrant liabilities 70 (597)
Gain from deconsolidation of subsidiary   0
Other income (expense) 282 260
Total other income (expense) (1,036) (3,494)
Net loss (28,824) (67,846)
Attributable to non-controlling interests 17,876 41,481
Net income (loss) attributable to Fortress (10,948) (26,365)
Net income (loss) attributable to common stockholders $ (13,339) $ (31,199)
Net income (loss) per common share attributable to common stockholders - basic $ (0.73) $ (1.76)
Net income (loss) per common share attributable to common stockholders - diluted $ (0.73) $ (1.76)
Weighted average common shares outstanding - basic 18,316,874 17,736,299
Weighted average common shares outstanding - diluted 18,316,874 17,736,299
Related Party    
Revenue    
Revenue - related party $ 41 $ 41