Contineum Therapeutics Inc
For the period ended Jun 30, 2024. Filed Aug 14, 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 14, 2024
CTNM$10.56+2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed 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 | |
| Revenue: | ||||
| License revenue | $— | $50,000 | $— | $50,000 |
| Operating expenses: | ||||
| Research and development | 7,901 | 9,460 | 15,679 | 13,092 |
| General and administrative | 3,043 | 1,603 | 5,195 | 3,086 |
| Total operating expenses | 10,944 | 11,063 | 20,874 | 16,178 |
| Income (loss) from operations | (10,944) | 38,937 | (20,874) | 33,822 |
| Other income (expense): | ||||
| Interest income | 2,001 | 679 | 3,637 | 1,080 |
| Interest expense | — | (116) | — | (208) |
| Change in fair value of warrant liability | 11 | 2 | (107) | 2 |
| Change in fair value of investor rights and obligations liability | — | 2,867 | — | 2,867 |
| Other expense, net | (77) | (76) | (82) | (94) |
| Total other income | 1,935 | 3,356 | 3,448 | 3,647 |
| Income (loss) before income taxes | (9,009) | 42,293 | (17,426) | 37,469 |
| Provision for income taxes | — | (729) | — | (729) |
| Net income (loss) | $(9,009) | $41,564 | $(17,426) | $36,740 |
| Other comprehensive income (loss): | ||||
| Unrealized gain (loss) on marketable securities | (69) | (56) | (235) | 11 |
| Comprehensive income (loss) | $(9,078) | $41,508 | $(17,661) | $36,751 |
| Net income (loss) attributable to common stockholders, basic | $(9,009) | $5,869 | $(17,426) | $5,521 |
| Net income (loss) attributable to common stockholders, diluted | $(9,009) | $2,949 | $(17,426) | $2,601 |
| Net income (loss) per share, basic (a) | $(0.39) | $2.56 | $(1.35) | $2.42 |
| Net income (loss) per share, diluted (a) | $(0.39) | $0.84 | $(1.35) | $0.74 |
| Weighted-average shares of common stock outstanding, basic | 23,355,588 | 2,291,866 | 12,862,328 | 2,284,750 |
| Weighted-average shares of common stock outstanding, diluted | 23,355,588 | 3,511,757 | 12,862,328 | 3,513,596 |
| (a) | Basic and diluted per share amounts are the same for Class A and Class B shares. |
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