Nuvation Bio Inc
For the period ended Mar 31, 2024. Filed May 14, 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 14, 2024
NUVB$4.20-3.4%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Loss
(Unaudited, In thousands, except per share data)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating expenses: | ||
| Research and development | $12,842 | $18,787 |
| General and administrative | 7,357 | 7,734 |
| Total operating expenses | 20,199 | 26,521 |
| Loss from operations | (20,199) | (26,521) |
| Other income (expense): | ||
| Interest income | 7,130 | 4,979 |
| Investment advisory fees | (265) | (230) |
| Change in fair value of warrant liability | (1,459) | 142 |
| Net gain (loss) on marketable securities | 1 | (96) |
| Total other income (expense), net | 5,407 | 4,795 |
| Loss before income taxes | (14,792) | (21,726) |
| Provision for income taxes | — | — |
| Net loss | $(14,792) | $(21,726) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.07) | $(0.10) |
| Weighted average common shares outstanding, basic and diluted | 219,048 | 218,741 |
| Comprehensive loss: | ||
| Net loss | $(14,792) | $(21,726) |
| Other comprehensive loss, net of taxes: | ||
| Unrealized (loss) gain on available-for-sale securities, net | (1,350) | 2,588 |
| Comprehensive loss | $(16,142) | $(19,138) |
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