Full Press Release Details
UNAUDITED FINANCIAL INFORMATION
CURIS, INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| December 31, | |||||||
| 2024 | 2023 | ||||||
| ASSETS | |||||||
| Cash, cash equivalents and investments | $ | 19,997 | $ | 56,334 | |||
| Restricted cash | 544 | 544 | |||||
| Accounts receivable | 3,349 | 2,794 | |||||
| Prepaid expenses and other assets | 4,999 | 5,138 | |||||
| Property and equipment, net | 231 | 434 | |||||
| Operating lease right-of-use asset | 3,163 | 3,056 | |||||
| Goodwill | 8,982 | 8,982 | |||||
| Total assets | $ | 41,265 | $ | 77,282 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||
| Accounts payable and accrued liabilities | $ | 10,135 | $ | 12,212 | |||
| Operating lease liability | 2,954 | 2,794 | |||||
| Liability related to sale of future royalties, net | 34,174 | 42,606 | |||||
| Total liabilities | 47,263 | 57,612 | |||||
| Total stockholders' equity (deficit) | (5,998) | 19,670 | |||||
| Total liabilities and stockholders' equity (deficit) | $ | 41,265 | $ | 77,282 |
CURIS, INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
| Years Ended December 31, | |||||||
| 2024 | 2023 | ||||||
| Revenues, net | $ | 10,908 | $ | 10,023 | |||
| Operating expenses | |||||||
| Cost of royalties | 98 | 212 | |||||
| Research and development | 38,562 | 39,496 | |||||
| General and administrative | 16,790 | 18,647 | |||||
| Total operating expenses | 55,450 | 58,355 | |||||
| Loss from operations | (44,542) | (48,332) | |||||
| Total other income | 1,153 | 919 | |||||
| Net loss | $ | (43,389) | $ | (47,413) | |||
| Net loss per common share (basic and diluted) | $ | (6.88) | $ | (8.96) | |||
| Weighted average common shares (basic and diluted) | 6,306,284 | 5,293,294 |