EyePoint Pharmaceuticals Inc
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
EYPT$0.40+11.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(In thousands)
| Year Ended | Year Ended | |
|---|---|---|
| December 31, | December 31, | |
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(70,795) | $(102,254) |
| Adjustments to reconcile net loss to cash flows used in operating activities: | ||
| Amortization of intangible assets | — | 2,050 |
| Impairment of intangible assets | — | 20,699 |
| Depreciation of property and equipment | 464 | 396 |
| Amortization of debt discount and premium and discount on available-for-sale marketable securities | (856) | (558) |
| Loss on extinguishment of debt | 1,347 | 1,559 |
| Provision for excess and obsolete inventory | 693 | 1,949 |
| Stock-based compensation | 12,057 | 14,177 |
| Deferred income tax | 83 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable and other current assets | 14,432 | (2,662) |
| Inventory | (1,553) | (760) |
| Accounts payable and accrued expenses | 1,519 | 1,198 |
| Right-of-use assets and operating lease liabilities | (39) | 69 |
| Deferred revenue | 44,523 | (868) |
| Net cash provided by (used in) operating activities | 1,875 | (65,005) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (55,116) | (139,115) |
| Sales and maturities of marketable securities | 55,284 | 124,000 |
| Purchases of property and equipment | (3,483) | (2,150) |
| Net cash used in investing activities | (3,315) | (17,265) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of stock | 226,174 | — |
| Proceeds from issuance of long-term debt | — | 30,000 |
| Payment of equity and debt issue costs | (451) | (599) |
| Payment of long-term debt | (30,000) | (38,235) |
| Payment of extinguishment of debt costs | (1,350) | (2,294) |
| Borrowings under revolving facility | 5,300 | 43,875 |
| Repayment under revolving facility | (15,775) | (33,400) |
| Net settlement of stock units to satisfy statutory tax withholding | (169) | (295) |
| Proceeds from exercise of stock options and employee stock purchase plan | 3,377 | 395 |
| Principal payments on finance lease obligations | (36) | (137) |
| Net cash provided by (used in) financing activities | 187,070 | (690) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 185,630 | (82,960) |
| Cash, cash equivalents and restricted cash at beginning of year | 95,783 | 178,743 |
| Cash, cash equivalents and restricted cash at end of year | $281,413 | $95,783 |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $281,263 | $95,633 |
| Restricted cash | $150 | $150 |
| Total cash, cash equivalents and restricted cash | $281,413 | $95,783 |
| Supplemental cash flow information: | ||
| Cash interest paid | $1,405 | $2,600 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Accrued term loan exit fee | $— | $600 |
| Stock issuance costs | $325 | $— |
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