![ACADIA PHARMACEUTICALS INC [ACAD] reports annual net loss of $61,286,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FACAD.png&w=1200&q=75)
ACADIA PHARMACEUTICALS INC [ACAD] has reported a net loss of $61,286,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $726.4 million
Based in SAN DIEGO, California, ACADIA PHARMACEUTICALS INC operates in the MANUFACTURING sector.
In the fiscal year ending December 31, 2023, Company XYZ reported total revenues of $726.4 million, showing an increase from the previous year's revenue of $517.2 million in 2022 and $484.1 million in 2021.
The cost of product sales for the year 2023 amounted to $41.6 million compared to $10.2 million in 2022 and $19.1 million in 2021. Research and development expenses were $351.6 million in 2023, slightly lower than the $361.6 million recorded in 2022 but higher than the $239.4 million in 2021. Selling, general, and administrative expenses totaled $406.6 million in 2023, up from $369.1 million in 2022 and slightly below the $396.0 million in 2021.
The company reported a loss from operations of $73.4 million in 2023, a significant improvement from the loss of $223.6 million in 2022 and $170.4 million in 2021. Interest income net increased to $17.2 million in 2023 from $6.6 million in 2022 and $0.6 million in 2021. Other income also showed growth, reaching $5.1 million in 2023 compared to $3.5 million in 2022 and $2.3 million in 2021.
After accounting for income tax expenses, Company XYZ reported a net loss of $61.3 million in 2023, a decrease from the net loss of $216.0 million in 2022 and $167.9 million in 2021.
The basic and diluted net loss per common share were $0.37 in 2023, an improvement from $1.34 in 2022 and 2021. The weighted average common shares outstanding for the year were 163.8 million in 2023, 161.7 million in 2022, and 160.5 million in 2021.
Note: All dollar amounts are represented in millions.
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