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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Revenues $ 17,400 $ 12,062 $ 47,245 $ 39,828
Operating costs and expenses:        
Research and development 67,989 49,448 180,182 147,787
Acquired in-process research and development   11,125 12,272 23,608
Selling, general and administrative 50,159 48,489 142,873 142,176
Intangible amortization 1,127 1,000 3,196 3,105
(Decrease) increase on contingent consideration (700)   (67,100) 100
Loss on impairment of intangible assets     90,780  
Total operating costs and expenses 126,843 113,449 381,933 326,670
Loss from operations (109,443) (101,387) (334,688) (286,842)
Gain (loss) on derivative liabilities 500 (1,800) 5,300 100
(Loss) gain on marketable investments (16,084) (13,483) (43,042) 17,047
Gain (loss) on debt extinguishment 33,433   27,701 (6,695)
Gain (loss) on foreign currency exchange 610 (300) 445 (841)
Interest expense, net (792) (2,900) (6,355) (7,282)
Other income (loss) 74 97 (609) 53
Loss before income tax (91,702) (119,773) (351,248) (284,460)
Income tax (expense) benefit (1,015) 386 (602) (461)
Gain (loss) on equity method investments 62 164 3 (277)
Net loss (90,625) (119,995) (350,643) (284,276)
Net loss attributable to noncontrolling interests (1,049) (192) (1,492) (368)
Net loss attributable to Sorrento $ (89,576) $ (119,803) $ (349,151) $ (283,908)
Net loss per share - basic per share attributable to Sorrento (USD per share) $ (0.20) $ (0.40) $ (0.88) $ (0.98)
Net loss per share - diluted per share attributable to Sorrento (USD per share) $ (0.20) $ (0.40) $ (0.88) $ (0.98)
Weighted-average shares used during period - basic shares attributable to Sorrento (in shares) 451,621 299,276 397,601 290,029
Weighted-average shares used during period - diluted shares attributable to Sorrento (in shares) 451,621 299,276 397,601 290,029
Product        
Revenues:        
Revenues $ 13,649 $ 7,562 $ 32,231 $ 22,439
Operating costs and expenses:        
Cost of products sold and services 7,283 1,172 15,638 2,549
Service        
Revenues:        
Revenues 3,751 4,500 15,014 17,389
Operating costs and expenses:        
Cost of products sold and services $ 985 $ 2,215 $ 4,092 $ 7,345