SPRUCE BIOSCIENCES INC
For the period ended Dec 31, 2023. Filed Mar 18, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 18, 2024
SPRB$49.34+6.0%Stored close · as of Nov 9, 2026
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Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Collaboration revenue | $10,089 | $— |
| Operating expenses: | ||
| Research and development | 49,432 | 35,198 |
| General and administrative | 12,650 | 12,085 |
| Total operating expenses | 62,082 | 47,283 |
| Loss from operations | (51,993) | (47,283) |
| Interest expense | (483) | (420) |
| Interest and other income, net | 4,557 | 1,523 |
| Net loss | (47,919) | (46,180) |
| Other comprehensive gain (loss), net of tax: | ||
| Unrealized gain (loss) on available for sale securities | 558 | (374) |
| Total comprehensive loss | $(47,361) | $(46,554) |
| Net loss per share, basic and diluted | $(1.24) | $(1.96) |
| Weighted-average shares of common stock outstanding, basic and diluted | 38,510,220 | 23,527,116 |
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