IONIS PHARMACEUTICALS INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
IONS$31.00-21.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except for per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Commercial revenue: | ||||
| SPINRAZA royalties | $56,743 | $61,012 | $95,198 | $111,258 |
| WAINUA royalties | 3,781 | — | 4,907 | — |
| Other commercial revenue | 11,512 | 16,885 | 31,524 | 34,406 |
| Total commercial revenue | 72,036 | 77,897 | 131,629 | 145,664 |
| Research and development revenue: | ||||
| Collaborative agreement revenue | 141,524 | 91,013 | 190,870 | 129,347 |
| WAINUA joint development revenue | 11,690 | 19,501 | 22,249 | 43,924 |
| Total research and development revenue | 153,214 | 110,514 | 213,119 | 173,271 |
| Total revenue | 225,250 | 188,411 | 344,748 | 318,935 |
| Expenses: | ||||
| Cost of sales | 4,164 | 2,537 | 6,314 | 3,880 |
| Research, development and patent | 222,064 | 229,927 | 436,280 | 427,740 |
| Selling, general and administrative | 65,113 | 46,142 | 117,758 | 91,658 |
| Total operating expenses | 291,341 | 278,606 | 560,352 | 523,278 |
| Loss from operations | (66,091) | (90,195) | (215,604) | (204,343) |
| Other income (expense): | ||||
| Investment income | 25,599 | 20,792 | 51,884 | 39,419 |
| Interest expense | (4,490) | (2,291) | (8,641) | (3,899) |
| Interest expense related to sale of future royalties | (18,296) | (17,655) | (36,254) | (33,170) |
| Gain (loss) on investments | (3,533) | 718 | (1,200) | 189 |
| Other income | 610 | 11,183 | 887 | 11,414 |
| Loss before income tax expense | (66,201) | (77,448) | (208,928) | (190,390) |
| Income tax expense | (64) | (7,842) | (140) | (19,223) |
| Net loss | $(66,265) | $(85,290) | $(209,068) | $(209,613) |
| Basic and diluted net loss per share | $(0.45) | $(0.60) | $(1.43) | $(1.47) |
| Shares used in computing basic and diluted net loss per share | 145,958 | 143,098 | 145,748 | 142,918 |
Index
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