Equillium 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
EQ$1.46-3.0%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 EndedMarch 31, · Three Months EndedMarch 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Operating activities: | |||
| Net loss | $(2,734) | $(3,940) | |
| Adjustments to reconcile net loss to cash used in operating activities: | |||
| Depreciation | 32 | 31 | |
| Stock-based compensation | 972 | 1,038 | |
| Net unrealized loss on foreign currency transactions | 383 | 159 | |
| Amortization of term loan discount and issuance costs | - | 30 | |
| Amortization of investments, net | (278) | (296) | |
| Deferred revenue | (2,368) | (2,370) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (1,313) | (586) | |
| Prepaid expenses and other current assets | (520) | (1,983) | |
| Accounts payable | (1,959) | 1,726 | |
| Accrued expenses | (1,011) | (1,771) | |
| Right-of-use assets and lease liabilities, net | (4) | (33) | |
| Net cash used in operating activities | (8,800) | (7,995) | |
| Investing activities: | |||
| Purchases of property and equipment | (19) | - | |
| Purchases of short-term investments | (7,312) | (37,181) | |
| Maturities of short-term investments | 4,500 | 12,000 | |
| Net cash used in investing activities | (2,831) | (25,181) | |
| Financing activities: | |||
| Principal repayments on notes payable | - | (1,429) | |
| Net cash used in financing activities | - | (1,429) | |
| Effect of exchange rate changes on cash and cash equivalents | (17) | 1 | |
| Net decrease in cash and cash equivalents | (11,648) | (34,604) | |
| Cash and cash equivalents at beginning of period | 23,216 | 59,107 | |
| Cash and cash equivalents at end of period | $11,568 | $24,503 | |
| Supplemental cash flow information: | |||
| Amounts included in accounts payable for purchases of property and equipment | $59 | $ | - |
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