8-K
CHIASMA, INC filed this Form 8-K on 11/08/2018
Entire Document
 


this press release are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. For a discussion of these and other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in the forward-looking statements, see the section entitled “Risk Factors” in Chiasma’s Annual Report on Form 10-K for the year ended December 31, 2017, and in subsequent filings with the Securities and Exchange Commission. All information in this press release is as of the date of the release, and Chiasma undertakes no duty to update this information unless required by law.

Contact:

Ashley R. Robinson

LifeSci Advisors, LLC

617-535-7742

arr@lifesciadvisors.com

Chiasma, Inc.

Condensed Consolidated Statements of Operations

(amounts in thousands except share and per share data)

(unaudited)

 

     For the three months ended      For the nine months ended  
     September 30, 2018      September 30, 2017      September 30, 2018      September 30, 2017  

Operating expenses:

           

General and administrative

   $ 2,256      $ 2,252      $ 7,317      $ 7,353  

Research and development

     5,462        4,691        16,630        13,625  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total operating expenses

     7,718        6,943        23,947        20,978  
  

 

 

    

 

 

    

 

 

    

 

 

 

Loss from operations

     (7,718      (6,943      (23,947      (20,978

Other income, net

     (275      (192      (785      (556
  

 

 

    

 

 

    

 

 

    

 

 

 

Loss before income taxes

     (7,443      (6,751      (23,162      (20,422

Provision for income taxes

     27        98        24        301  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss

   $ (7,470    $ (6,849    $ (23,186    $ (20,723
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per share of common stock:

           

Basic

   $ (0.31    $ (0.28    $ (0.95    $ (0.85
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

   $ (0.31    $ (0.28    $ (0.95    $ (0.85
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average shares outstanding:

           

Basic

     24,389,666        24,365,207        24,385,328        24,361,479  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

     24,389,666        24,365,207        24,385,328        24,361,479