Arcutis Biotherapeutics Inc
For the period ended Mar 31, 2024. Filed May 14, 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.
Mar 31, 2024 · Filed May 14, 2024
ARQT$27.39+4.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Product revenue, net | $21,569 | $2,781 |
| Other revenue | 28,000 | — |
| Total revenues | 49,569 | 2,781 |
| Operating expenses: | ||
| Cost of sales | 3,256 | 783 |
| Research and development | 23,141 | 35,345 |
| Selling, general, and administrative | 54,794 | 42,918 |
| Total operating expenses | 81,191 | 79,046 |
| Loss from operations | (31,622) | (76,265) |
| Other income (expense): | ||
| Other income, net | 4,044 | 3,207 |
| Interest expense | (7,480) | (7,042) |
| Loss before income taxes | (35,058) | (80,100) |
| Provision for income taxes | 324 | — |
| Net loss | $(35,382) | $(80,100) |
| Other comprehensive income (loss): | ||
| Unrealized income (loss) on marketable securities | (116) | 724 |
| Foreign currency translation adjustment | (21) | (52) |
| Total other comprehensive income (loss) | $(137) | $672 |
| Comprehensive loss | $(35,519) | $(79,428) |
| Per share information: | ||
| Net loss per share, basic and diluted | $(0.32) | $(1.31) |
| Weighted-average shares used in computing net loss per share, basic and diluted | 111,048,525 | 61,169,089 |
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