ARVINAS INC
For the period ended Jun 30, 2024. Filed Jul 30, 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 30, 2024
ARVN$6.92+2.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited)
| (dollars and shares in millions, except per share amounts) | For the Three Months EndedJune 30, | For the Six Months EndedJune 30, | ||
|---|---|---|---|---|
| Consolidated Statements of Operations | 2024 | 2023 | 2024 | 2023 |
| Revenue | $76.5 | $54.5 | $101.8 | $87.0 |
| Operating expenses: | ||||
| Research and development | 93.7 | 103.4 | 178.0 | 198.6 |
| General and administrative | 31.3 | 25.7 | 55.6 | 50.7 |
| Total operating expenses | 125.0 | 129.1 | 233.6 | 249.3 |
| Loss from operations | (48.5) | (74.6) | (131.8) | (162.3) |
| Other income (expense) | ||||
| Other expense, net | (0.1) | — | (0.1) | (1.1) |
| Interest income, net | 13.6 | 9.0 | 27.6 | 16.6 |
| Total other income | 13.5 | 9.0 | 27.5 | 15.5 |
| Net loss before income taxes and loss from equity method investment | (35.0) | (65.6) | (104.3) | (146.8) |
| Income tax (expense) benefit | (0.2) | 0.3 | (0.3) | 0.7 |
| Loss from equity method investment | — | (1.3) | — | (2.4) |
| Net loss | $(35.2) | $(66.6) | $(104.6) | $(148.5) |
| Net loss per common share, basic and diluted | $(0.49) | $(1.25) | $(1.46) | $(2.78) |
| Weighted average common shares outstanding, basic and diluted | 71.9 | 53.4 | 71.7 | 53.4 |
| (dollars in millions) | For the Three Months EndedJune 30, | For the Six Months EndedJune 30, | ||
|---|---|---|---|---|
| Consolidated Statements of Comprehensive Loss | 2024 | 2023 | 2024 | 2023 |
| Net loss | $(35.2) | $(66.6) | $(104.6) | $(148.5) |
| Other comprehensive loss: | ||||
| Unrealized gain (loss) on available-for-sale securities | 0.6 | 0.4 | (0.7) | 7.0 |
| Comprehensive loss | $(34.6) | $(66.2) | $(105.3) | $(141.5) |
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