Phathom 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
PHAT$5.33+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(82,852) | $(37,814) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 214 | 146 |
| Stock-based compensation | 5,626 | 7,048 |
| Issuance of PIK interest debt | 806 | 877 |
| Accrued interest on revenue interest financing liability | 12,079 | 5,154 |
| Amortization of debt discount | 474 | 496 |
| Other | 1,654 | 763 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 447 | (5,143) |
| Accounts receivable, net | (2,243) | — |
| Accounts payable and accrued expenses (includes changes in related party amounts of $484 and $137, respectively) | (5,015) | (11,303) |
| Accrued interest | 161 | 57 |
| Operating right-of-use assets and lease liabilities | 45 | 50 |
| Inventory | (416) | — |
| Net cash used in operating activities | (69,020) | (39,669) |
| Cash flows from investing activities | ||
| Cash paid for property, plant and equipment | (40) | (214) |
| Net cash used in investing activities | (40) | (214) |
| Cash flows from financing activities | ||
| Net proceeds from issuance of debt | 9,900 | — |
| Net proceeds from issuance of common stock under ATM facility | — | 14,072 |
| Net cash provided by financing activities | 9,900 | 14,072 |
| Net decrease in cash and cash equivalents and restricted cash | (59,160) | (25,811) |
| Cash and cash equivalents and restricted cash – beginning of period | 384,256 | 155,890 |
| Cash and cash equivalents and restricted cash – end of period | $325,096 | $130,079 |
| Supplemental disclosure of cash flow information | ||
| Interest paid | $3,740 | $2,546 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Property and equipment purchases included in accounts payable and accrued expenses | $7 | $— |
| Settlement of ESPP liability in common stock | $770 | $856 |
| Settlement of 401(k) liability in common stock | $712 | $456 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.