Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 55,150 $ 33,161
Operating costs and expenses:    
Cost of Captisol 8,153 4,683
Amortization of intangibles 11,786 3,535
Research and development 17,879 11,891
General and administrative 12,617 9,264
Total operating costs and expenses 50,435 29,373
Income from operations 4,715 3,788
Other income (expense):    
Gain (loss) from short-term investments 13,061 (30,741)
Interest income 296 4,730
Interest expense (5,831) (8,548)
Other income (expense), net (6,477) 356
Total other income (loss), net 1,049 (34,203)
Income (loss) before income taxes 5,764 (30,415)
Income tax benefit 12,342 6,284
Net income (loss) $ 18,106 $ (24,131)
Earnings Per Share, Basic and Diluted:    
Basic net income (loss) per share (USD per share) $ 1.10 $ (1.46)
Shares used in basic per share calculations (shares) 16,435 16,529
Diluted net income (loss) per share (USD per share) $ 1.05 $ (1.46)
Shares used in diluted per share calculations (shares) 17,248 16,529
Royalties    
Revenues:    
Total revenues $ 7,112 $ 6,565
Captisol    
Revenues:    
Total revenues 31,272 21,109
Contract revenue    
Revenues:    
Total revenues $ 16,766 $ 5,487