Replies to post #61 on Kadmon Holdings (KDMN)

[farooq]

Kadmon Holdings, Inc.
Consolidated Statements of Operations - Unaudited
(in thousands, except share and per share data)


Three Months Ended Six Months Ended

June 30, June 30,

2021 2020 2021 2020
Revenues

Net sales
$ 24 $ 299 $ 384 $ 888
Other revenue
173 149 377 6,295
Total revenue
197 448 761 7,183
Cost of sales
11 162 107 490
Write-down of inventory
- 622 - 906
Gross profit
186 (336 ) 654 5,787
Operating expenses:

Research and development
18,525 16,516 33,799 29,390
Selling, general and administrative
13,656 10,068 26,252 19,434
Total operating expenses
32,181 26,584 60,051 48,824
Loss from operations
(31,995 ) (26,920 ) (59,397 ) (43,037 )
Total other income (expense)
1,650 (232 ) 674 (13,412 )
Income tax expense
- - - -
Net loss
$ (30,345 ) $ (27,152 ) $ (58,723 ) $ (56,449 )
Deemed dividend on convertible preferred stock
543 518 1,086 1,035
Net loss attributable to common stockholders
$ (30,888 ) $ (27,670 ) $ (59,809 ) $ (57,484 )

Basic and diluted net loss per share of common stock
$ (0.18 ) $ (0.17 ) $ (0.35 ) $ (0.36 )
Weighted average basic and diluted shares of common stock outstanding
171,967,623 162,416,059 171,829,335 161,101,923


Kadmon Holdings, Inc.
Condensed Consolidated Balance Sheets - Unaudited
(in thousands)


June 30, December 31,

2021 2020

Cash, cash equivalents and marketable debt securities
$ 270,494 $ 123,858
Other current assets
5,449 2,879
Investment, equity securities
10,815 10,564
Right of use lease asset
14,504 16,112
Other noncurrent assets
9,018 9,297
Total assets
$ 310,280 $ 162,710

Current liabilities
30,318 29,471
Lease liability - noncurrent
13,359 15,579
Other long term liabilities
233,148 1,637
Total liabilities
276,825 46,687
Total stockholders' equity
33,455 116,023
Total liabilities and stockholders' equity
$ 310,280 $ 162,710


Contact Information
833.900.5366
[e-mail]

SOURCE: Kadmon Holdings, Inc.