LEXICON PHARMACEUTICALS INC
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
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Consolidated Statements of Comprehensive Loss
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Net product revenue | $6,001 | $1,110 | $— |
| Licensing revenue | 25,000 | — | — |
| Royalties and other revenue | 80 | 94 | 139 |
| Total revenues | 31,081 | 1,204 | 139 |
| Operating expenses: | |||
| Cost of sales | 616 | 85 | — |
| Research and development, including stock-based compensation of $5,839, $5,139 and $4,253 respectively | 84,480 | 58,887 | 52,816 |
| Selling, general and administrative, including stock-based compensation of $7,660, $9,201 and $7,267, respectively | 143,102 | 113,982 | 48,083 |
| Total operating expenses | 228,198 | 172,954 | 100,899 |
| Loss from operations | (197,117) | (171,750) | (100,760) |
| Interest and other expense | (15,579) | (13,101) | (2,780) |
| Interest income and other, net | 12,293 | 7,732 | 1,596 |
| Net loss | $(200,403) | $(177,119) | $(101,944) |
| Net loss per common share, basic and diluted | $(0.63) | $(0.80) | $(0.62) |
| Weighted average common shares outstanding, basic and diluted | 320,031 | 221,130 | 165,733 |
| Other comprehensive loss: | |||
| Unrealized gain (loss) on investments | 88 | 459 | (418) |
| Comprehensive loss | $(200,315) | $(176,660) | $(102,362) |
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