Arcadia Biosciences 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
RKDA$0.17-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Product | $1,306 | $1,287 | $2,293 | $2,369 |
| License | — | 10 | — | 10 |
| Total revenues | 1,306 | 1,297 | 2,293 | 2,379 |
| Operating expenses (income): | ||||
| Cost of revenues | 633 | 650 | 1,104 | 1,178 |
| Research and development | 10 | 27 | 16 | 40 |
| Gain on sale of intangible assets | (4,000) | — | (4,000) | — |
| Impairment of property and equipment | — | — | 36 | — |
| Selling, general and administrative | 2,683 | 2,074 | 4,745 | 4,671 |
| Total operating (income) expenses | (674) | 2,751 | 1,901 | 5,889 |
| Income (loss) from continuing operations | 1,980 | (1,454) | 392 | (3,510) |
| Interest income | 150 | 207 | 195 | 405 |
| Other income (loss), net | 150 | (13) | 153 | 19 |
| Valuation loss on March 2023 PIPE | — | — | — | (6,076) |
| Change in fair value of common stock warrant and option liabilities | (430) | 4,416 | 163 | 5,357 |
| Issuance and offering costs allocated to liability classified options | — | — | — | (430) |
| Net income (loss) from continuing operations before income taxes | 1,850 | 3,156 | 903 | (4,235) |
| Income tax provision | — | (1) | — | (1) |
| Net income (loss) from continuing operations | 1,850 | 3,155 | 903 | (4,236) |
| Net loss from discontinued operations — Body Care | — | (330) | — | (511) |
| Net loss from discontinued operations — GoodWheat | (789) | (2,007) | (2,265) | (3,819) |
| Net income (loss) | 1,061 | 818 | (1,362) | (8,566) |
| Net loss attributable to non-controlling interest | — | (5) | — | (5) |
| Net income (loss) attributable to common stockholders | $1,061 | $823 | $(1,362) | $(8,561) |
| Net income (loss) per share attributable to common stockholders: | ||||
| Basic and diluted from continuing operations | $1.36 | $2.33 | $0.66 | $(3.81) |
| Basic from discontinuing operations | $(0.58) | $(1.71) | $(1.66) | $(3.90) |
| Net income (loss) per basic and diluted share attributable to common stockholders | $0.78 | $0.61 | $(1.00) | $(7.70) |
| Weighted-average number of shares used in per share calculations: | ||||
| Basic and diluted | 1,362,840 | 1,358,395 | 1,362,249 | 1,111,915 |
| Other comprehensive income, net of tax | ||||
| Unrealized gains on available-for-sale securities | $31 | $21 | $91 | $21 |
| Reclassification adjustment for gains on available-for-sale securities included in net income (loss) | (111) | — | (111) | — |
| Change in unrealized gains on available-for-sale securities | $(80) | $21 | $(20) | $21 |
| Comprehensive income (loss) | $981 | $844 | $(1,382) | $(8,540) |
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