SPRUCE BIOSCIENCES INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
SPRB$46.67-5.4%Stored close · as of Nov 10, 2026
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Condensed Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Collaboration revenue | $602 | $3,073 | $4,214 | $7,202 |
| Operating expenses: | ||||
| Research and development | 6,554 | 13,494 | 24,961 | 38,332 |
| General and administrative | 3,456 | 3,237 | 11,330 | 9,699 |
| Total operating expenses | 10,010 | 16,731 | 36,291 | 48,031 |
| Loss from operations | (9,408) | (13,658) | (32,077) | (40,829) |
| Interest expense | (71) | (119) | (251) | (377) |
| Interest income and other expense, net | 808 | 1,423 | 2,851 | 3,237 |
| Net loss | (8,671) | (12,354) | (29,477) | (37,969) |
| Other comprehensive gain, net of tax: | ||||
| Unrealized gain on available for sale securities | — | 52 | — | 555 |
| Total comprehensive loss | $(8,671) | $(12,302) | $(29,477) | $(37,414) |
| Net loss per share, basic and diluted | $(0.21) | $(0.30) | $(0.72) | $(1.01) |
| Weighted-average shares of common stock outstanding, basic and diluted | 41,302,599 | 40,710,692 | 41,187,766 | 37,751,865 |
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