Allovir Inc
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
KLRS$1.87-18.7%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
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Years Ended December 31, | ||
|---|---|---|
| (in thousands) | 2023 | 2022 |
| Cash flows from operating activities | ||
| Net loss | $(190,418) | $(168,710) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 398 | 723 |
| Non-cash lease expense | 7,893 | 1,842 |
| Impairment costs | 18,570 | |
| Accretion of short-term investment discounts | (3,698) | (1,076) |
| Stock-based compensation expense | 40,779 | 41,315 |
| Changes in operating assets and liabilities: | ||
| Interest receivable | (49) | (107) |
| Prepaid expenses and other current assets and prepaid expenses to related party | 5,614 | (3,028) |
| Other assets | (900) | 490 |
| Income tax payable | (128) | (879) |
| Accounts payable, accrued expenses, other liabilities and amount due to related party | (2,512) | (12,622) |
| Net cash used in operating activities | (124,451) | (142,052) |
| Cash flows from investing activities | ||
| Purchase of short-term investments | (125,827) | (228,806) |
| Maturities of short-term investments | 163,812 | 148,328 |
| Net cash provided by (used in) investing activities | 37,985 | (80,478) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock in public offering, net of underwriting discounts, commissions and offering costs | 70,169 | — |
| Proceeds from issuance of common stock in registered direct offering, net of issuance costs | — | 126,425 |
| Proceeds from issuance of stock under the 2020 Employee Stock Purchase Plan | 326 | 536 |
| Net cash provided by financing activities | 70,495 | 126,961 |
| Net decrease in cash, cash equivalents, and restricted cash | (15,971) | (95,569) |
| Cash, cash equivalents, and restricted cash at beginning of period | 106,944 | 202,513 |
| Cash, cash equivalents, and restricted cash at end of period | $90,973 | $106,944 |
| Non-cash investing and financing activities | ||
| Unrealized gain (loss) on available-for-sale securities | $406 | $(313) |
| Right-of-use assets obtained in exchange for operating lease liability | $— | $14,717 |
| Reduction of right-of-use asset due to modification and remeasurement | $(4,904) | $(5,506) |
| Purchase of property and equipment included in accounts payable and accrued expenses | $— | $104 |
| Supplemental disclosure of cash flows | ||
| Income taxes paid, net of refunds | $220 | $613 |
| Years Ended December 31, | ||
| 2023 | 2022 | |
| Cash and cash equivalents | $90,121 | $106,092 |
| Restricted cash | 852 | 852 |
| Total cash, cash equivalents, and restricted cash | $90,973 | $106,944 |
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