GYRE THERAPEUTICS INC
For the period ended Dec 31, 2023. Filed Mar 27, 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 27, 2024
GYRE$4.23-9.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive (Loss) Income
(In thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenues | $113,450 | $102,290 |
| Operating expenses: | ||
| Cost of revenues | 4,636 | 4,793 |
| Selling and marketing | 61,159 | 54,238 |
| Research and development | 13,780 | 16,686 |
| General and administrative | 14,662 | 17,370 |
| Acquired in-process research and development | 83,104 | — |
| Divestiture losses | 2,711 | — |
| Loss on disposal of property and equipment | 628 | — |
| Total operating expenses | 180,680 | 93,087 |
| (Loss) income from operations | (67,230) | 9,203 |
| Other income (expense), net: | ||
| Interest income, net | 1,044 | 726 |
| Other income | 1,076 | 857 |
| Change in fair value of warrant liability | (9,261) | — |
| Other expenses | (2,594) | (1,374) |
| (Loss) income before income taxes | (76,965) | 9,412 |
| Provision for income taxes | (8,515) | (5,098) |
| Net (loss) income from operations | (85,480) | 4,314 |
| Net income attributable to noncontrolling interest | 7,453 | 2,012 |
| Net (loss) income attributable to common stockholders | $(92,933) | $2,302 |
| Net (loss) income per share attributable to common stockholders: | ||
| Basic | $(1.41) | $0.04 |
| Diluted | $(1.41) | $0.03 |
| Weighted average shares used in calculating net (loss) income per share attributable to common stockholders: | ||
| Basic | 65,831,675 | 63,588,119 |
| Diluted | 65,831,675 | 75,686,406 |
| Other comprehensive (loss) income: | ||
| Net (loss) income from operations | $(85,480) | $4,314 |
| Foreign currency translation adjustments | (1,484) | (4,928) |
| Comprehensive loss from operations | (86,964) | (614) |
| Net income attributable to noncontrolling interest | 7,453 | 2,012 |
| Foreign currency translation adjustments attributable to noncontrolling interest | (647) | (2,170) |
| Comprehensive income (loss) attributable to noncontrolling interest | 6,806 | (158) |
| Comprehensive loss attributable to common stockholders | $(93,770) | $(456) |
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