Akebia Therapeutics Inc
For the period ended Jun 30, 2024. Filed Aug 8, 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 8, 2024
AKBA$0.54+1.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (dollars in thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues | ||||
| Product revenue, net | $41,209 | $42,244 | $72,218 | $76,950 |
| License, collaboration and other revenue | 2,439 | 14,132 | 4,037 | 19,431 |
| Total revenues | 43,648 | 56,376 | 76,255 | 96,381 |
| Cost of goods sold | ||||
| Cost of product and other revenue | 8,036 | 8,273 | 10,630 | 19,452 |
| Amortization of intangible asset | 9,011 | 9,011 | 18,021 | 18,021 |
| Total cost of goods sold | 17,047 | 17,284 | 28,651 | 37,473 |
| Operating expenses: | ||||
| Research and development | 7,647 | 20,197 | 17,379 | 39,883 |
| Selling, general and administrative | 26,917 | 27,036 | 52,354 | 52,090 |
| License | 762 | 949 | 1,473 | 1,517 |
| Restructuring | — | (94) | 58 | 12 |
| Total operating expenses | 35,326 | 48,088 | 71,264 | 93,502 |
| Loss from operations | (8,725) | (8,996) | (23,660) | (34,594) |
| Other income (expense) | ||||
| Interest expense | (2,149) | (1,642) | (4,647) | (3,204) |
| Other (expense) income | (39) | (10) | 56 | 272 |
| Change in fair value of warrant liability | 2,331 | — | 2,201 | — |
| Loss on extinguishment of debt | — | — | (517) | — |
| Loss on termination of lease | — | (524) | — | (524) |
| Net loss before income taxes | $(8,582) | $(11,172) | $(26,567) | $(38,050) |
| Net loss | $(8,582) | $(11,172) | $(26,567) | $(38,050) |
| Comprehensive loss | $(8,582) | $(11,172) | $(26,567) | $(38,050) |
| Net loss per share: | ||||
| Basic and diluted | $(0.04) | $(0.06) | $(0.13) | $(0.20) |
| Weighted average common shares outstanding: | ||||
| Basic and diluted | 209,705,397 | 186,817,431 | 207,330,274 | 185,798,865 |
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