Savara 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
SVRA$4.92-2.6%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)
| For the three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(20,346) | $(10,557) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 32 | 8 |
| Amortization of right-of-use assets | 35 | 15 |
| Foreign currency gain (loss) | 21 | (29) |
| Amortization of debt issuance costs | 68 | 68 |
| Accretion on premium to short-term investments | (1,370) | (924) |
| Stock-based compensation | 2,257 | 864 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 243 | 261 |
| Non-current assets | (814) | (756) |
| Accounts payable and accrued expenses and other current liabilities | (770) | (976) |
| Net cash used in operating activities | (20,644) | (12,026) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (10) | (4) |
| Purchase of available-for-sale securities, net | (30,697) | (30,091) |
| Maturity of available-for-sale securities | 41,500 | 24,000 |
| Net cash provided by (used in) investing activities | 10,793 | (6,095) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options, net | 51 | 27 |
| Repurchase of shares for minimum tax withholdings | (2) | (1) |
| Net cash provided by financing activities | 49 | 26 |
| Effect of exchange rate changes on cash and cash equivalents | 2 | (21) |
| Decrease in cash and cash equivalents | (9,800) | (18,116) |
| Cash and cash equivalents beginning of period | 26,585 | 52,100 |
| Cash and cash equivalents end of period | $16,785 | $33,984 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $536 | $464 |
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