Amylyx Pharmaceuticals Inc
For the period ended Mar 31, 2024. Filed May 9, 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 9, 2024
AMLX$30.91+2.3%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 used in operating activities: | ||
| Net (loss) income | $(118,793) | $1,573 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Stock-based compensation expense | 9,924 | 7,501 |
| Depreciation expense | 315 | 204 |
| Accretion of investment discounts, net | (2,582) | (2,903) |
| Inventory impairment and loss on firm purchase commitments | 110,461 | — |
| Other non-cash items | 22 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 19,698 | (2,249) |
| Inventories | (9,253) | (13,303) |
| Interest receivable | 117 | 253 |
| Prepaid expenses and other current assets | (2,104) | (2,882) |
| Operating lease right-of-use assets | 473 | 436 |
| Other assets | 204 | — |
| Accounts payable | (652) | 4,611 |
| Accrued expenses | (7,776) | 2,178 |
| Operating lease liabilities | (543) | (491) |
| Net cash used in operating activities | (489) | (5,072) |
| Cash flows provided by investing activities: | ||
| Purchases of property and equipment | (67) | (250) |
| Purchases of investments | (73,114) | (9,756) |
| Proceeds from maturities of short-term investments | 74,000 | 66,000 |
| Net cash provided by investing activities | 819 | 55,994 |
| Cash flows (used in) provided by financing activities: | ||
| Follow-on offering costs paid | — | (136) |
| Proceeds from exercise of stock options and RSUs vesting | 1,446 | 3,539 |
| Withholding taxes paid on stock-based awards | (1,315) | (2,363) |
| Net cash provided by financing activities | 131 | 1,040 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents | (110) | 75 |
| Net increase in cash, cash equivalents and restricted cash equivalents | 351 | 52,037 |
| Cash, cash equivalents and restricted cash equivalents, beginning of period | 170,920 | 63,245 |
| Cash, cash equivalents and restricted cash equivalents, end of period | $171,271 | $115,282 |
| Supplemental disclosure of cash flow information: | ||
| Taxes withheld on stock-based awards included in accrued expenses | $9 | $22 |
| Purchases of property and equipment included in accounts payable | $63 | $— |
| Income taxes paid | $275 | $— |
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