7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 
      
    		                 
      cash flows from operating activities:
    		                 
      net income
    		-19,726,000 -30,322,000 -35,996,000 -65,714,000 37,037,000 -4,407,000 -62,412,000 -54,511,000 -46,150,000 -45,863,000 -42,393,000 -40,109,000 -37,795,000 -36,530,000 -27,747,000 -21,938,000 -19,241,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                 
      acquired in-process research and development assets
    		   0    0        0 0 
      share-based compensation expense
    		9,561,000 10,898,000 12,861,000 11,035,000 11,554,000 13,030,000 12,644,000 10,811,000 9,606,000 9,477,000 9,447,000 6,833,000 8,576,000 5,631,000 6,202,000 5,097,000 5,149,000 
      depreciation expense
    		90,000 91,000 94,000 38,000 16,000 15,000 23,000 13,000 11,000 6,000 6,000 15,000 36,000 6,000 6,000   
      accretion of discounts on short-term investments
    		-4,121,000 -4,152,000 -4,250,000 -2,823,000 -1,377,000 -897,000 -1,292,000 -1,576,000 -2,644,000 -5,259,000 -599,000 -999,000      
      amortization of intangible assets
    		795,000 795,000 725,000 586,000 586,000             
      amortization of operating right-of-use asset
    		49,000 78,000 75,000 135,000 144,000             
      income from sale of property and equipment
    		0                 
      gain from sale of priority review voucher
    		   0 0             
      changes in operating assets and liabilities:
    		                 
      accounts receivable
    		2,972,000 -1,615,000 -4,178,000 -5,181,000 441,000             
      inventory
    		-480,000 -2,940,000 -212,000 -560,000 -2,554,000             
      prepaid expenses and other current assets
    		480,000 -1,101,000 -606,000 -2,230,000 752,000 -3,915,000 837,000 -1,174,000 -851,000 -2,693,000 1,396,000 567,000 1,467,000 -3,002,000 422,000 1,091,000 -86,000 
      deposits and other long-term assets
    		-134,000 32,000 -94,000 -4,000 0 50,000 47,000 19,000 26,000 228,000 -18,000 -20,000 35,000 -319,000 4,000 -31,000 -12,000 
      accounts payable
    		688,000 2,550,000 -722,000 245,000 -3,427,000 1,664,000 2,204,000 -815,000 -1,174,000 -74,000 4,379,000 -3,713,000 3,534,000 -262,000 -1,043,000 1,059,000 338,000 
      accrued expenses and other current liabilities
    		4,079,000 490,000 -26,984,000 33,436,000 -51,883,000 62,313,000 -1,765,000 5,877,000 1,128,000 1,759,000 1,810,000 2,114,000 1,903,000 4,629,000 595,000 1,549,000 1,628,000 
      deferred revenue
    		52,000 232,000 199,000 264,000              
      operating lease liability
    		-110,000 87,000 91,000 4,000 -59,000             
      net cash from operating activities
    		-5,805,000 -24,806,000 -58,997,000 -30,008,000 50,753,000 -49,129,000 -49,729,000 -41,372,000 -37,064,000 -42,432,000 -25,985,000 -35,310,000 -23,214,000 -29,787,000 -21,563,000 -13,169,000 -12,221,000 
      capex
    		0 -3,000 -317,000 -1,419,000 -724,000 0 0 -8,000 -41,000 -149,000 6,000 0 0 0 0 0 0 
      free cash flows
    		-5,805,000 -24,809,000 -59,314,000 -31,427,000 50,029,000 -49,129,000 -49,729,000 -41,380,000 -37,105,000 -42,581,000 -25,979,000 -35,310,000 -23,214,000 -29,787,000 -21,563,000 -13,169,000 -12,221,000 
      cash flows from investing activities:
    		                 
      cash paid for purchase of short-term investments
    		-209,565,000 -238,502,000 -189,796,000 -275,221,000 -214,634,000 -121,599,000 -47,162,000 -99,137,000 -79,957,000 -104,730,000 -160,014,000 -121,368,000 -266,848,000     
      proceeds from maturity of short-term investments
    		223,025,000 264,795,000 161,000,000 7,000,000 123,250,000 47,782,000 136,450,000  171,915,000 125,153,000 148,847,000       
      proceeds from sale of short-term investments
    		   0              
      cash paid for acquired intangible assets
    		0 0 -3,500,000 0 0             
      proceeds from sale of priority review voucher
    		   0 0             
      cash paid for acquired in-process research and development assets
    		   0    0        0 0 
      cash paid for purchase of property and equipment
    		0 -3,000 -317,000 -1,419,000 -724,000   -8,000 -41,000 -149,000 -26,000 0      
      proceeds from sale of property and equipment
    		0                 
      net cash from investing activities
    		13,460,000 26,322,000 -32,613,000 -269,640,000 -67,699,000 17,057,000 89,288,000  88,917,000 20,274,000 -11,193,000 -2,210,000      
      cash flows from financing activities:
    		                 
      proceeds from issuance of common stock in connection with private placement, net of placement agent fees and offering costs
    		   0              
      proceeds from issuance of prefunded warrants to purchase common stock in connection with private placement, net of issuance costs
    		   0              
      proceeds from issuance of common stock upon stock option exercises
    		   918,000 977,000 324,000 48,000 0 115,000 39,000 1,184,000 1,596,000      
      proceeds from issuance of common stock upon employee stock purchase plan purchase
    		0   933,000 0    0         
      cash from financing activities
    		0   1,851,000 200,095,000 1,297,000 48,000  115,000 162,101,000 1,184,000       
      net increase in cash and cash equivalents
    		7,655,000 2,264,000 -91,610,000 -297,797,000 183,149,000 -30,775,000 39,607,000 -10,395,000 51,968,000   -35,602,000 -268,013,000 126,146,000 -21,578,000 -12,851,000 -12,836,000 
      cash and cash equivalents, beginning of period
    		0 0 124,968,000 0 0 0 230,784,000 0 0 0 85,262,000 0 0 0 284,309,000 0 0 
      cash and cash equivalents, end of period
    		7,655,000 2,264,000 33,358,000 -297,797,000 183,149,000 -30,775,000 270,391,000 -10,395,000 51,968,000 139,943,000 49,268,000 -35,602,000 -268,013,000 126,146,000 262,731,000 -12,851,000 -12,836,000 
      supplemental disclosure of cash flow information:
    		                 
      income taxes paid
    		0   1,015,000              
      supplemental disclosures of noncash activities:
    		                 
      cash not yet paid for acquired intangible asset
    		0 0 2,000,000               
      right-of-use asset obtained in exchange for new operating lease liabilities
    		0 0 230,000 0              
      deferred offering costs not yet paid
    		                 
      cash not yet paid for upfront license agreement payment
    		                 
      other long-term liability
    		                 
      proceeds from issuance of common stock
    		       0 0   0 0   0 -615,000 
      cash not yet paid for license agreement milestone payment
    		                 
      purchases of property and equipment included in accrued expenses and other current liabilities
    		                 
      unpaid/deferred offering costs
    		                 
      amortization of operating right-of-use assets
    		      93,000 90,000 88,000 86,000 83,000 165,000 129,000 127,000 47,000 46,000 45,000 
      operating lease liabilities
    		      -108,000 -106,000 -104,000 -99,000 -96,000 -163,000 -68,000 -67,000 -49,000 -28,000 -52,000 
      cash flows from operating activities
    		                 
      cash flows from investing activities
    		                 
      proceeds from maturity of short-term investment
    		                 
      net cash from (used) in investing activities
    		                 
      cash flows from financing activities
    		                 
      proceeds from issuance of series b redeemable convertible preferred shares, net of issuance costs
    		               0 0 
      proceeds from issuance of common stock upon espp purchase
    		           322,000 0     
      net cash from financing activities
    		               318,000 -615,000 
      supplemental disclosures of noncash activities
    		                 
      lease liability obtained in exchange for right-of-use asset
    		           0 0     
      exchange of 45,331,483 preferred, common, and incentive shares in connection with the conversion
    		               0 0 
      exchange of redeemable convertible noncontrolling interest to 6,470,382 shares of common stock
    		               0 0 
      net decrease in cash and cash equivalents
    		          -35,994,000       
      purchases of property and equipment included in accounts payable and in accrued expenses and other current liabilities
    		          32,000       
      non-cash interest expense
    		                5,000 
      changes in derivative tranche liabilities
    		                 
      proceeds from issuance of series a redeemable convertible preferred shares, net of issuance costs
    		                 
      transfers to redeemable convertible noncontrolling interest
    		                 
      cash paid for property and equipment
    		                 
      cash from investing activities
    		             -5,997,000 -15,000 0 0 
      property and equipment expenditures
    		              -15,000   
      payments of financing issuance costs
    		                 
      depreciation and amortization expense
    		               5,000 5,000 
      issuance of shares for research and development
    		                 
      purchases of property and equipment
    		                 
      proceeds from issuance of convertible notes
    		                 
      recognition of contingent beneficial conversion feature upon notes conversion
    		                 
      issuance of series a redeemable convertible shares for research and development
    		                 
      conversion of convertible notes and accrued interest into series a redeemable convertible preferred shares
    		                 
      issuance of derivative tranches liability
    		                 
      right of use asset capitalization
    		                 
      
    		                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.