Fulcrum Therapeutics Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
FULC$3.720.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year EndedDecember 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities | ||
| Net loss | $(97,335) | $(109,872) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 2,172 | 2,414 |
| Stock-based compensation expense | 14,802 | 13,350 |
| Net (accretion of discounts) amortization of premiums on marketable securities | (5,991) | 152 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | 2,500 |
| Unbilled accounts receivable | (308) | 908 |
| Prepaid expenses and other current assets | (1,072) | (170) |
| Operating lease assets and liabilities | (715) | (372) |
| Other assets | 94 | (1,562) |
| Accounts payable | (853) | (1,176) |
| Accrued expenses and other liabilities | (825) | 555 |
| Deferred revenue | (934) | (3,777) |
| Net cash used in operating activities | $(90,965) | $(97,050) |
| Investing activities | ||
| Purchases of marketable securities | (194,892) | (151,153) |
| Maturities of marketable securities | 158,708 | 165,529 |
| Purchases of property and equipment | (508) | (1,963) |
| Net cash (used in) provided by investing activities | (36,692) | 12,413 |
| Financing activities | ||
| Proceeds from issuance of common stock in connection with public offerings, net of issuance costs | 117,345 | 80,804 |
| Proceeds from issuance of common stock under benefit plans, net | 777 | 3,519 |
| Net cash provided by financing activities | 118,122 | 84,323 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (9,535) | (314) |
| Cash, cash equivalents, and restricted cash, beginning of period | 36,190 | 36,504 |
| Cash, cash equivalents, and restricted cash, end of period | $26,655 | $36,190 |
| Supplemental cash flow information | ||
| Cash paid for operating lease liabilities | $3,333 | $2,219 |
| Non-cash investing and financing activities: | ||
| Property and equipment purchases unpaid at end of period | $— | $26 |
The following table provides a reconciliation of the cash, cash equivalents, and restricted cash balances as of each of the periods shown above:
| December 31,2023 | December 31,2022 | |
|---|---|---|
| Cash and cash equivalents | $25,563 | $35,098 |
| Restricted cash | 1,092 | 1,092 |
| Total cash, cash equivalents, and restricted cash | $26,655 | $36,190 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.