CYTOKINETICS INC
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 2024
CYTK$56.18+1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share data) (Unaudited)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |
| Revenues: | ||||
| Research and development revenues | $249 | $867 | $1,084 | $2,980 |
| Milestone revenues | — | — | — | 2,500 |
| Total revenues | 249 | 867 | 1,084 | 5,480 |
| Operating expenses: | ||||
| Research and development | 79,597 | 83,194 | 161,167 | 162,615 |
| General and administrative | 50,824 | 39,722 | 96,324 | 89,387 |
| Total operating expenses | 130,421 | 122,916 | 257,491 | 252,002 |
| Operating loss | (130,172) | (122,049) | (256,407) | (246,522) |
| Interest expense | (12,732) | (7,045) | (19,835) | (14,006) |
| Non-cash interest expense on liabilities related to revenue participation right purchase agreements | (11,567) | (6,322) | (21,785) | (12,602) |
| Interest and other income, net | 11,553 | 6,779 | 19,466 | 13,204 |
| Change in fair value of derivative liabilities | (600) | — | (600) | — |
| Change in fair value of liabilities related to RPI Transactions | 200 | — | 200 | — |
| Net loss | $(143,318) | $(128,637) | $(278,961) | $(259,926) |
| Net loss per share — basic and diluted | $(1.31) | $(1.34) | $(2.63) | $(2.72) |
| Weighted-average number of shares used in computing net loss per share — basic and diluted | 109,240 | 95,755 | 106,013 | 95,461 |
| Other comprehensive (loss) gain: | ||||
| Unrealized (loss)/gain on available-for-sale securities, net | (499) | 187 | (1,055) | 2,132 |
| Foreign currency translation adjustments | 16 | — | 43 | — |
| Comprehensive loss | $(143,801) | $(128,450) | $(279,973) | $(257,794) |
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