Olema Pharmaceuticals Inc
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 11, 2024
OLMA$7.27-1.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(Amounts in thousands)
| Years Ended December 31, | ||||
|---|---|---|---|---|
| 2023 · 2022 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $ | (96,655) | $ | (104,787) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization expense | 377 | 357 | ||
| Loss on sale of equipment | 111 | — | ||
| Non-cash lease expense | 1,297 | 1,301 | ||
| Non-cash interest income on marketable securities | (5,524) | (787) | ||
| Stock-based compensation expense, including employee stock purchase plan expense | 17,256 | 18,829 | ||
| Changes in operating assets and liabilities: | ||||
| Prepaid expenses and other current assets | 694 | (1,959) | ||
| Other assets and long-term deposits | (5,324) | (1,114) | ||
| Accounts payable | 2,324 | 351 | ||
| Other current liabilities | 2,948 | 7,018 | ||
| Operating lease liabilities | (1,231) | (1,274) | ||
| Net cash used in operating activities | (83,727) | (82,065) | ||
| Cash flows from investing activities: | ||||
| Purchase of equipment | — | (363) | ||
| Maturities of marketable securities | 250,760 | 305,502 | ||
| Purchases of marketable securities | (255,625) | (213,660) | ||
| Disposal of fixed assets | 14 | — | ||
| Net cash (used in) provided by investing activities | (4,851) | 91,479 | ||
| Cash flows from financing activities: | ||||
| Proceeds from equity private placement, net of issuance costs of $264 | 129,736 | — | ||
| Proceeds from exercise of stock options | 2,629 | 146 | ||
| Proceeds from issuance of common stock under the ESPP plan | 1,050 | 330 | ||
| Net cash provided by financing activities | 133,415 | 476 | ||
| Net increase in cash and cash equivalents | 44,837 | 9,890 | ||
| Cash and cash equivalents at beginning of period | 23,702 | 13,812 | ||
| Cash and cash equivalents at end of period | $ | 68,539 | $ | 23,702 |
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