Rani Therapeutics Holdings Inc
For the period ended Mar 31, 2024. Filed May 6, 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 6, 2024
RANI$0.56-2.5%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
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(14,779) | $(16,832) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 3,870 | 4,415 |
| Depreciation and amortization | 248 | 188 |
| Non-cash operating lease expense | 378 | 260 |
| Amortization of debt discount and issuance costs | 58 | 58 |
| Net accretion and amortization of investments in marketable securities | (340) | (699) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 499 | 316 |
| Accounts payable | 158 | 76 |
| Accrued expenses and other current liabilities | 884 | 323 |
| Operating lease liabilities | (378) | (259) |
| Net cash used in operating activities | (9,402) | (12,154) |
| Cash flows from investing activities | ||
| Proceeds from maturities of marketable securities | 20,350 | 23,000 |
| Purchases of marketable securities | (10,038) | (18,629) |
| Purchases of property and equipment | (18) | (248) |
| Net cash provided by investing activities | 10,294 | 4,123 |
| Cash flows from financing activities | ||
| Proceeds from employee stock purchase plan | 121 | 132 |
| Tax withholdings paid on behalf of employees for net share settlement | — | (124) |
| Net cash provided by financing activities | 121 | 8 |
| Net decrease in cash, cash equivalents and restricted cash equivalents | 1,013 | (8,023) |
| Cash, cash equivalents and restricted cash equivalents, beginning of period | 6,364 | 27,507 |
| Cash, cash equivalents and restricted cash equivalents, end of period | $7,377 | $19,484 |
| Supplemental disclosures of non-cash investing and financing activities | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $4,731 | $— |
| Remeasurement of operating lease right-of-use assets | $589 | $578 |
| Exchanges of non-corresponding Class A Units of Rani LLC | $298 | $— |
| Interest income receivable included in prepaid expenses and other current assets | $166 | $125 |
| Property and equipment purchases included in accounts payable and accrued expenses and other current liabilities | $48 | $85 |
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