Relay Therapeutics Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
RLAY$19.94-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(81,387) | $(94,239) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock compensation expense | 27,188 | 21,518 |
| Depreciation expense | 1,395 | 1,197 |
| Net amortization of premiums and discounts on investments | (3,665) | (2,017) |
| Change in fair value of contingent consideration liability | (1,832) | (1,003) |
| Changes in assets and liabilities: | ||
| Accounts receivable | — | 20 |
| Contract asset | — | (32) |
| Prepaid expenses and other current assets | (475) | 16 |
| Operating lease assets and liabilities, net | 350 | 415 |
| Accounts payable | 102 | 1,400 |
| Accrued expenses and other liabilities | 8,001 | 5,595 |
| Net cash used in operating activities | (50,323) | (67,130) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (1,780) | (1,915) |
| Purchases of investments | (190,784) | (97,815) |
| Proceeds from maturities of investments | 203,095 | 175,044 |
| Net cash provided by investing activities | 10,531 | 75,314 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock through Private Placement, net | 29,803 | — |
| Proceeds from issuance of common stock via At-the-Market Offerings, net | 17,932 | — |
| Proceeds from issuance of common stock through exercise of stock options | 1,187 | 1,297 |
| Net cash provided by financing activities | 48,922 | 1,297 |
| Net increase in cash, cash equivalents, and restricted cash | 9,130 | 9,481 |
| Cash, cash equivalents, and restricted cash at beginning of period | 146,443 | 154,372 |
| Cash, cash equivalents, and restricted cash at end of period | $155,573 | $163,853 |
| Supplemental disclosure of non-cash activities: | ||
| Periodic change to additions of property and equipment in current liabilities | $(1,411) | $(402) |
Reconciliation of Cash, Cash Equivalents, and Restricted Cash from Balance Sheets to Statement of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in thousands) | ||
| Cash and cash equivalents | $152,866 | $161,275 |
| Restricted cash | 2,707 | 2,578 |
| Cash, cash equivalents, and restricted cash per statements of cash flows | $155,573 | $163,853 |
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