Tango Therapeutics Inc
For the period ended Dec 31, 2023. Filed Mar 18, 2024.
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FY2023 · Filed Mar 18, 2024
TNGX$24.30+6.9%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 EndedDecember 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net loss | $(101,744) | $(108,176) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation | 2,415 | 1,608 |
| Noncash operating lease expense | 3,606 | 2,420 |
| Stock-based compensation | 19,079 | 14,230 |
| Accretion on marketable securities | (3,394) | — |
| Other, net | 22 | (669) |
| Changes in operating assets and liabilities: | ||
| Accounts Receivable | 2,000 | — |
| Prepaid expenses and other current assets | (2,225) | (2,056) |
| Right-of-use asset | — | (10,125) |
| Other long-term assets | (41) | 122 |
| Accounts payable | (1,705) | 1,097 |
| Accrued expenses and other liabilities | (2,029) | 7,629 |
| Operating lease liabilities | (2,439) | 1,700 |
| Deferred revenue | (31,527) | (16,860) |
| Net cash used in operating activities | (117,982) | (109,080) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (1,526) | (7,692) |
| Sales and maturities of marketable securities | 353,526 | 242,595 |
| Purchases of marketable securities | (310,574) | (208,504) |
| Net cash provided by investing activities | 41,426 | 26,399 |
| Cash flows from financing activities | ||
| Proceeds from issuance of common shares and pre-funded warrants | 80,017 | — |
| Proceeds from issuance of common stock upon exercise of stock options and purchase of shares under ESPP | 1,941 | 1,623 |
| Return of capital from a stockholder - related party | 689 | — |
| Payment of transaction costs | (241) | (8) |
| Net cash provided by financing activities | 82,406 | 1,615 |
| Net change in cash, cash equivalents and restricted cash | 5,850 | (81,066) |
| Cash, cash equivalents and restricted cash, beginning of period | 63,958 | 145,024 |
| Cash, cash equivalents and restricted cash, end of period | $69,808 | $63,958 |
| Supplemental cash flow information: | ||
| Cash paid for leases | $5,882 | $1,413 |
| Supplemental disclosure of noncash investing and financing activity: | ||
| Purchases of property and equipment included in accounts payable and accrued expenses | $38 | $131 |
| Operating lease liabilities from obtaining right-of-use assets | $— | $48,352 |
| Revaluation of right-of-use asset and lease liability upon lease remeasurement | $(228) | $300 |
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