Mind Medicine MindMed Inc
For the period ended Mar 31, 2024. Filed May 8, 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.
Mar 31, 2024 · Filed May 8, 2024
DFTX$34.64-2.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share amounts)
| Three MonthsEnded March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating expenses: | ||
| Research and development | $11,705 | $12,599 |
| General and administrative | 10,499 | 8,263 |
| Total operating expenses | 22,204 | 20,862 |
| Loss from operations | (22,204) | (20,862) |
| Other income/(expense): | ||
| Interest income | 1,656 | 1,360 |
| Interest expense | (434) | (76) |
| Foreign exchange loss, net | (525) | (52) |
| Change in fair value of 2022 USD Financing Warrants | (32,893) | (5,185) |
| Total other expense, net | (32,196) | (3,953) |
| Net loss | (54,400) | (24,815) |
| Other comprehensive loss | ||
| Gain on foreign currency translation | 493 | 14 |
| Comprehensive loss | $(53,907) | $(24,801) |
| Net loss per common share, basic and diluted | $(1.14) | $(0.65) |
| Weighted-average common shares, basic and diluted | 47,860,757 | 38,077,251 |
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