GYRE THERAPEUTICS, INC.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 17, 2025
GYRE$4.23-9.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $105,757 | $113,450 |
| Operating expenses: | ||
| Cost of revenues | 3,884 | 4,636 |
| Selling and marketing | 57,511 | 61,159 |
| Research and development | 12,024 | 13,780 |
| General and administrative | 16,109 | 14,662 |
| Acquired in-process research and development | — | 83,104 |
| Divestiture losses | — | 2,711 |
| Loss on disposal of property and equipment | 66 | 628 |
| Total operating expenses | 89,594 | 180,680 |
| Income (loss) from operations | 16,163 | (67,230) |
| Other income (expense), net: | ||
| Interest income, net | 1,547 | 1,044 |
| Other expense, net | (1,659) | (1,518) |
| Change in fair value of warrant liability | 7,167 | (9,261) |
| Income (loss) before income taxes | 23,218 | (76,965) |
| Provision for income taxes | (5,320) | (8,515) |
| Net income (loss) | 17,898 | (85,480) |
| Net income attributable to noncontrolling interest | 5,813 | 7,453 |
| Net income (loss) attributable to common stockholders | $12,085 | $(92,933) |
| Net income (loss) per share attributable to common stockholders: | ||
| Basic | $0.14 | $(1.41) |
| Diluted | $0.05 | $(1.41) |
| Weighted average shares used in calculating net income (loss) per share attributable to common stockholders: | ||
| Basic | 85,094,948 | 65,831,675 |
| Diluted | 102,293,526 | 65,831,675 |
| Other comprehensive income (loss): | ||
| Net income (loss) from operations | $17,898 | $(85,480) |
| Foreign currency translation adjustments | (1,460) | (1,484) |
| Comprehensive income (loss) from operations | 16,438 | (86,964) |
| Net income attributable to noncontrolling interest | 5,813 | 7,453 |
| Foreign currency translation adjustments attributable to noncontrolling interest | (507) | (647) |
| Comprehensive income attributable to noncontrolling interest | 5,306 | 6,806 |
| Comprehensive income (loss) attributable to common stockholders | $11,132 | $(93,770) |
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