TALPHERA INC
For the period ended Nov 13, 2024. Filed Nov 13, 2024.
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Nov 13, 2024 · Filed Nov 13, 2024
TLPH$1.05+4.0%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Selected Financial Data
Selected Financial Data
(in thousands, except per share data)
(unaudited)
| Three Months Ended · Nine Months Ended | ||||||
|---|---|---|---|---|---|---|
| September 30 · September 30 | ||||||
| 2024 · 2023 · 2024 · 2023 | ||||||
| Statement of Operations Data | ||||||
| Revenue | $ | - | $117 | $ | - | $370 |
| - | ||||||
| Operating costs and expenses: | ||||||
| Research and development (1) | 2,053 | 1,178 | 5,395 | 3,777 | ||
| Selling, general and administrative (1) | 1,696 | 2,248 | 6,861 | 9,199 | ||
| Total operating costs and expenses | 3,749 | 3,426 | 12,256 | 12,976 | ||
| Loss from operations | (3,749) | (3,309) | (12,256) | (12,606) | ||
| - | ||||||
| Other income, net: | ||||||
| Interest expense | - | - | - | (134) | ||
| Interest income and other income, net | 155 | 187 | 576 | 1,245 | ||
| Gain on sale of future payments | - | - | 1,246 | - | ||
| Gain (loss) on change in fair value of warrant liability | 241 | 1,706 | (306) | 5,718 | ||
| Non-cash interest expense on liability related to sale of future payments | - | - | (394) | - | ||
| Total other income, net | 396 | 1,893 | 1,122 | 6,829 | ||
| Net loss before income taxes | (3,353) | (1,416) | (11,134) | (5,777) | ||
| Provision for income taxes | - | (2) | - | (5) | ||
| Net loss from continuing operations | (3,353) | (1,418) | (11,134) | (5,782) | ||
| Net income (loss) from discontinued operations | - | 61 | - | (8,098) | ||
| Net loss | $(3,353) | $(1,357) | $(11,134) | $(13,880) | ||
| Net (loss) income per share attributable to stockholders: | ||||||
| Basic and diluted, continuing operations | $(0.13) | $(0.08) | $(0.43) | $(0.45) | ||
| Basic and diluted, discontinued operations | $ | - | $0.00 | $ | - | $(0.63) |
| Basic and diluted loss per share | $(0.13) | $(0.08) | $(0.43) | $(1.08) | ||
| Shares used in computing net loss per share of common stock, basic and diluted | 26,213 | 16,758 | 25,714 | 12,880 | ||
| $ · - | ||||||
| (1) Includes the following non-cash stock-based compensation expense: | ||||||
| Research and development | $92 | $210 | $284 | $383 | ||
| Selling, general and administrative | 142 | 168 | 475 | 1,016 | ||
| Discontinued operations | - | - | - | 19 | ||
| Total | $234 | $378 | $759 | $1,418 | ||
| Selected Balance Sheet Data | ||
|---|---|---|
| (in thousands) | ||
| September 30, 2024 | December 31, 2023(1) | |
| (Unaudited) | (Unaudited) | |
| Cash, cash equivalents and investments | $11,117 | $9,381 |
| Total assets | 21,014 | 20,395 |
| Total liabilities | 11,373 | 6,290 |
| Total stockholders' equity | 9,641 | 14,105 |
| (1) | Derived from the audited financial statements as of that date included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. |
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