IONIS PHARMACEUTICALS INC
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 6, 2024
IONS$31.00-21.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(in thousands, except for per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Commercial revenue: | ||||
| SPINRAZA royalties | $57,208 | $67,253 | $152,406 | $178,511 |
| WAINUA royalties | 5,371 | — | 10,278 | — |
| Other commercial revenue | 13,152 | 16,828 | 44,676 | 51,235 |
| Total commercial revenue | 75,731 | 84,081 | 207,360 | 229,746 |
| Research and development revenue: | ||||
| Collaborative agreement revenue | 44,883 | 44,167 | 235,753 | 173,513 |
| WAINUA joint development revenue | 13,200 | 15,959 | 35,449 | 59,883 |
| Total research and development revenue | 58,083 | 60,126 | 271,202 | 233,396 |
| Total revenue | 133,814 | 144,207 | 478,562 | 463,142 |
| Expenses: | ||||
| Cost of sales | 1,071 | 2,191 | 7,385 | 6,071 |
| Research, development and patent | 219,761 | 215,330 | 656,040 | 643,070 |
| Selling, general and administrative | 61,638 | 69,951 | 179,395 | 161,608 |
| Total operating expenses | 282,470 | 287,472 | 842,820 | 810,749 |
| Loss from operations | (148,656) | (143,265) | (364,258) | (347,607) |
| Other income (expense): | ||||
| Investment income | 26,228 | 23,935 | 78,112 | 63,355 |
| Interest expense | (4,161) | (4,203) | (12,803) | (8,102) |
| Interest expense related to sale of future royalties | (18,533) | (17,779) | (54,788) | (50,948) |
| Gain (loss) on investments | 879 | (1,943) | (321) | (1,753) |
| Other income | 142 | 2,447 | 1,029 | 13,857 |
| Loss before income tax benefit (expense) | (144,101) | (140,808) | (353,029) | (331,198) |
| Income tax benefit (expense) | 3,621 | (6,602) | 3,481 | (25,825) |
| Net loss | $(140,480) | $(147,410) | $(349,548) | $(357,023) |
| Basic and diluted net loss per share | $(0.95) | $(1.03) | $(2.38) | $(2.50) |
| Shares used in computing basic and diluted net loss per share | 148,593 | 143,317 | 146,703 | 143,052 |
Index
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.