PALATIN TECHNOLOGIES INC

For the period ended Jun 30, 2024. Filed Sep 30, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Sep 30, 2024

PTN$6.89-4.7%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

PALATIN TECHNOLOGIES, INC.
and Subsidiary
Consolidated Statements of Operations
	Year Ended June 30,
	2024	2023
REVENUES
Product revenue, net	$4,490,090	$4,850,678
License and contract	-	3,000
Total revenues	4,490,090	4,853,678
OPERATING EXPENSES
Cost of products sold	97,637	418,470
Research and development	22,400,372	22,630,577
Selling, general and administrative	12,270,046	15,290,836
Gain on sale of Vyleesi	(7,781,844)	-
Gain on purchase commitment	-	(1,027,322)
Total operating expenses	26,986,211	37,312,561
Loss from operations	(22,496,121)	(32,458,883)
OTHER INCOME (EXPENSE)
Investment income	376,843	691,981
Foreign currency gain (loss)	59,753	(429,971)
Interest expense	(17,114)	(20,013)
Offering expenses	(696,912)	(1,115,765)
Change in fair value of warrant liabilities	(6,962,562)	4,620,911
Total other income (expense), net	(7,239,992)	3,747,143
Loss before income taxes	(29,736,113)	(28,711,740)
Income tax benefit	-	4,674,999
NET LOSS	$(29,736,113)	$(24,036,741)
Basic and diluted net loss per common share	$(2.02)	$(2.21)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share	14,697,096	10,890,159

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