Mind Medicine MindMed Inc
For the period ended Jun 30, 2024. Filed Aug 13, 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 13, 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 June 30, | Six MonthsEnded June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating expenses: | ||||
| Research and development | $14,645 | $14,777 | $26,350 | $27,375 |
| General and administrative | 9,813 | 14,407 | 20,312 | 22,670 |
| Total operating expenses | 24,458 | 29,184 | 46,662 | 50,045 |
| Loss from operations | (24,458) | (29,184) | (46,662) | (50,045) |
| Other income/(expense): | ||||
| Interest income | 3,116 | 1,388 | 4,772 | 2,748 |
| Interest expense | (466) | (77) | (900) | (153) |
| Foreign exchange gain/(loss), net | (32) | 247 | (557) | 195 |
| Change in fair value of 2022 USD Financing Warrants | 13,445 | (1,504) | (19,448) | (6,690) |
| Gain on extinguishment of contribution payable | 2,541 | — | 2,541 | — |
| Total other income/(expense), net | 18,604 | 54 | (13,592) | (3,900) |
| Net loss | (5,854) | (29,130) | (60,254) | (53,945) |
| Other comprehensive loss | ||||
| Gain/(loss) on foreign currency translation | (3) | (279) | 490 | (265) |
| Comprehensive loss | $(5,857) | $(29,409) | $(59,764) | $(54,210) |
| Net loss per common share, basic | $(0.08) | $(0.76) | $(1.01) | $(1.41) |
| Net loss per common share, diluted | $(0.26) | $(0.76) | $(1.01) | $(1.41) |
| Weighted-average common shares, basic | 71,912,323 | 38,576,394 | 59,886,540 | 38,329,919 |
| Weighted-average common shares, diluted | 75,304,101 | 38,576,394 | 59,886,540 | 38,329,919 |
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