Phathom Pharmaceuticals Inc
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
PHAT$5.33+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(in thousands, except share and par value amounts)
| December 31,2023 | December 31,2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $381,393 | $155,385 |
| Prepaid expenses and other current assets | 13,194 | 5,127 |
| Accounts receivable, net | 1,637 | — |
| Inventory | 1,208 | — |
| Total current assets | 397,432 | 160,512 |
| Property, plant and equipment, net | 2,146 | 1,207 |
| Operating lease right-of-use assets | 1,475 | 2,287 |
| Restricted cash | 2,863 | 505 |
| Inventory, noncurrent | 8,234 | — |
| Other long-term assets | 1,692 | 299 |
| Total assets | $413,842 | $164,810 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable (including related party amounts of $25 and $35, respectively) | $12,601 | $9,997 |
| Accrued expenses (including related party amounts of $2,694 and $2,499, respectively) | 17,197 | 14,678 |
| Accrued interest | 1,146 | 854 |
| Operating lease liabilities, current | 726 | 708 |
| Current portion of revenue interest financing liability | 7,111 | — |
| Total current liabilities | 38,781 | 26,237 |
| Long-term debt, net of discount | 137,842 | 95,264 |
| Revenue interest financing liability | 299,816 | 109,525 |
| Operating lease liabilities | 462 | 1,098 |
| Other long-term liabilities | 9,700 | 7,500 |
| Total liabilities | 486,601 | 239,624 |
| Commitments and contingencies (Note 4) | ||
| Stockholders’ deficit: | ||
| Preferred stock, $0.0001 par value; authorized shares — 40,000,000 at December 31, 2023 and December 31, 2022; no shares issued and outstanding at December 31, 2023 and December 31, 2022 | — | — |
| Common stock, $0.0001 par value; authorized shares — 400,000,000 at December 31, 2023 and December 31, 2022; issued shares — 57,970,044 and 41,723,308 at December 31, 2023 and December 31, 2022, respectively; outstanding shares — 57,970,044 and 41,468,871 at December 31, 2023 and December 31, 2022, respectively | 5 | 3 |
| Treasury stock — 19 shares at December 31, 2023 and December 31, 2022 | — | — |
| Additional paid-in capital | 855,921 | 652,276 |
| Accumulated deficit | (928,685) | (727,093) |
| Total stockholders’ deficit | (72,759) | (74,814) |
| Total liabilities and stockholders’ deficit | $413,842 | $164,810 |
See accompanying notes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.