Cabaletta Bio Inc
For the period ended Mar 31, 2024. Filed May 15, 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 15, 2024
CABA$1.50+15.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(25,047) | $(15,854) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 3,791 | 2,480 |
| Depreciation | 393 | 365 |
| Non-cash lease expense | 1,428 | 452 |
| Accretion of lease liabilities | 194 | 104 |
| Amortization of discount on investments | (617) | (13) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (394) | 398 |
| Other assets | (659) | (16) |
| Accounts payable | 1,655 | 1,724 |
| Accrued and other current liabilities | (3,480) | (1,678) |
| Lease liabilities | (1,252) | (570) |
| Net cash used in operating activities | (23,988) | (12,608) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (812) | (380) |
| Purchases of investments | — | — |
| Proceeds from maturities of investments | — | 25,000 |
| Net cash (used in) provided by investing activities | (812) | 24,620 |
| Cash flows from financing activities: | ||
| Proceeds from the issuance of common stock, net of issuance costs | 5,746 | (232) |
| Proceeds from issuance of common stock in connection with the exercise of stock options | 1,109 | 458 |
| Net cash provided by financing activities | 6,855 | 226 |
| Net (decrease) increase in cash and cash equivalents | (17,945) | 12,238 |
| Cash and cash equivalents—beginning of period | 193,238 | 81,607 |
| Cash and cash equivalents—end of period | $175,293 | $93,845 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Property and equipment purchases included in accounts payable and accrued expenses | $662 | $— |
| Right-of-use assets obtained in exchange for lease obligations | $4,210 | $— |
| Offering costs included in accounts payable | $— | $60 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.