EX-99.1 7 ex991unauditedfinancialinf.htm EX-99.1

EXHIBIT 99.1

UNAUDITED FINANCIAL INFORMATION

CURIS, INC. AND SUBSIDIARIES

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except share and per share data)

			December 31,
			2024						2023
ASSETS
Cash, cash equivalents and investments			$	19,997					$	56,334
Restricted cash			544						544
Accounts receivable			3,349						2,794
Prepaid expenses and other assets			4,999						5,138
Property and equipment, net			231						434
Operating lease right-of-use asset			3,163						3,056
Goodwill			8,982						8,982
Total assets			$	41,265					$	77,282
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Accounts payable and accrued liabilities			$	10,135					$	12,212
Operating lease liability			2,954						2,794
Liability related to sale of future royalties, net			34,174						42,606
Total liabilities			47,263						57,612
Total stockholders’ equity (deficit)			(5,998)						19,670
Total liabilities and stockholders’ equity (deficit)			$	41,265					$	77,282

---

CURIS, INC. AND SUBSIDIARIES

Unaudited Condensed Consolidated Statements of Operations

(In thousands, except share and per share data)

			Years Ended December 31,
			2024						2023
Revenues, net			$	10,908					$	10,023
Operating expenses:
Cost of royalties			98						212
Research and development			38,562						39,496
General and administrative			16,790						18,647
Total operating expenses			55,450						58,355
Loss from operations			(44,542)						(48,332)
Total other income			1,153						919
Net loss			$	(43,389)					$	(47,413)
Net loss per common share (basic and diluted)			$	(6.88)					$	(8.96)
Weighted average common shares (basic and diluted)			6,306,284						5,293,294