RIGEL PHARMACEUTICALS INC
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
RIGL$42.05+6.1%Stored close · as of Nov 9, 2026
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Statements of Operations
(In thousands, except per share amounts)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| | Year Ended December 31, | ||||||||
| | 2023 | 2022 | 2021 | ||||||
| Revenues: | | | | | | | | | |
| Product sales, net | $104,294 | | $76,718 | | $63,010 | | |||
| Contract revenues from collaborations | | 11,488 | | | 39,024 | | | 75,726 | |
| Government contracts | | 1,100 | | | 4,500 | | | 10,500 | |
| Total revenues | | 116,882 | | | 120,242 | | | 149,236 | |
| Costs and expenses: | | | | | | | | | |
| Cost of product sales | | 7,110 | | | 1,749 | | | 1,083 | |
| Research and development | 24,522 | | 60,272 | | 65,237 | | |||
| Selling, general and administrative | 105,741 | | 112,451 | | 91,891 | | |||
| Restructuring charges | | — | | | 1,320 | | | 3,521 | |
| Total costs and expenses | 137,373 | | 175,792 | | 161,732 | | |||
| Loss from operations | (20,491) | | (55,550) | | (12,496) | | |||
| Interest income | 2,272 | | 684 | | 47 | | |||
| Interest expense | | (6,872) | | | (3,707) | | | (4,860) | |
| Loss before income taxes | | (25,091) | | | (58,573) | | | (17,309) | |
| Provision for income taxes | | — | | | — | | | 605 | |
| Net loss | $(25,091) | | $(58,573) | | $(17,914) | | |||
| | | | | | | | | | |
| Net loss per share, basic and diluted | $(0.14) | | $(0.34) | | $(0.11) | | |||
| Weighted average shares used in computing net loss per share, basic and diluted | | 174,017 | | | 172,406 | | | 170,492 | |
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