Arcadia 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
RKDA$0.17-0.5%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 share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Product | $1,537 | $1,298 | $3,829 | $3,667 |
| License | — | — | — | 10 |
| Total revenues | 1,537 | 1,298 | 3,829 | 3,677 |
| Operating expenses: | ||||
| Cost of revenues | 1,032 | 818 | 2,136 | 1,996 |
| Research and development | 24 | 15 | 40 | 55 |
| Gain on sale of intangible assets | — | — | (4,000) | — |
| Impairment of property and equipment | — | — | 36 | — |
| Selling, general and administrative | 2,241 | 1,862 | 6,986 | 6,535 |
| Total operating expenses | 3,297 | 2,695 | 5,198 | 8,586 |
| Loss from continuing operations | (1,760) | (1,397) | (1,369) | (4,909) |
| Interest income | 233 | 133 | 428 | 538 |
| Other income, net | 15 | 17 | 168 | 36 |
| Valuation loss on March 2023 PIPE | — | — | — | (6,076) |
| Change in fair value of common stock warrant and option liabilities | 330 | 608 | 493 | 5,965 |
| Issuance and offering costs allocated to liability classified options | — | — | — | (430) |
| Net loss from continuing operations before income taxes | (1,182) | (639) | (280) | (4,876) |
| Income tax provision | — | — | — | (1) |
| Net loss from continuing operations | (1,182) | (639) | (280) | (4,877) |
| Net loss from discontinued operations — Body Care | — | (83) | — | (591) |
| Net loss from discontinued operations — GoodWheat | (430) | (1,845) | (2,694) | (5,665) |
| Net loss | (1,612) | (2,567) | (2,974) | (11,133) |
| Net loss attributable to non-controlling interest | — | — | — | (5) |
| Net loss attributable to common stockholders | $(1,612) | $(2,567) | $(2,974) | $(11,128) |
| Net loss per share attributable to common stockholders: | ||||
| Basic and diluted from continuing operations | $(0.87) | $(0.47) | $(0.21) | $(4.08) |
| Basic from discontinuing operations | $(0.32) | $(1.42) | $(1.98) | $(5.24) |
| Net loss per basic and diluted share attributable to common stockholders | $(1.18) | $(1.89) | $(2.18) | $(9.31) |
| Weighted-average number of shares used in per share calculations: | ||||
| Basic and diluted | 1,363,753 | 1,359,511 | 1,362,754 | 1,195,354 |
| Other comprehensive income (loss), net of tax | ||||
| Unrealized gains on available-for-sale securities | $36 | $66 | $117 | $87 |
| Reclassification adjustment for gains on available-for-sale securities included in net loss | — | — | (111) | — |
| Change in unrealized gains on available-for-sale securities | $36 | $66 | $6 | $87 |
| Comprehensive loss | $(1,576) | $(2,501) | $(2,968) | $(11,041) |
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