CORCEPT THERAPEUTICS INC
For the period ended Jun 30, 2024. Filed Jul 29, 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 Jul 29, 2024
CORT$73.35-2.2%Stored close · as of Nov 10, 2026
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CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Product revenue, net | $163,796 | $117,715 | $310,604 | $223,369 |
| Operating expenses: | ||||
| Cost of sales | 2,524 | 1,574 | 5,059 | 2,960 |
| Research and development | 58,745 | 43,277 | 117,251 | 84,128 |
| Selling, general and administrative | 66,935 | 43,281 | 123,203 | 91,845 |
| Total operating expenses | 128,204 | 88,132 | 245,513 | 178,933 |
| Income from operations | 35,592 | 29,583 | 65,091 | 44,436 |
| Interest and other income | 6,004 | 3,347 | 11,498 | 6,928 |
| Income before income taxes | 41,596 | 32,930 | 76,589 | 51,364 |
| Income tax expense | (6,108) | (5,402) | (13,339) | (7,957) |
| Net income | 35,488 | 27,528 | 63,250 | 43,407 |
| Net income attributable to common stockholders | 35,120 | 27,356 | 62,640 | 43,173 |
| Basic net income per common share | $0.34 | $0.27 | $0.61 | $0.41 |
| Diluted net income per common share | $0.32 | $0.25 | $0.57 | $0.38 |
| Weighted-average shares outstanding used in computing net income per common share | ||||
| Basic | 103,118 | 101,964 | 102,954 | 104,908 |
| Diluted | 111,244 | 109,590 | 110,550 | 112,492 |
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