Galecto Inc
For the period ended Jun 30, 2024. Filed Aug 12, 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.
Jun 30, 2024 · Filed Aug 12, 2024
DMRA$24.15+0.3%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)
| Six Months Ended | ||
|---|---|---|
| June 30, | ||
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(10,815) | $(23,738) |
| Adjustment to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 10 | 35 |
| Stock-based compensation | 2,250 | 2,873 |
| Issuance of common stock in connection with vesting of restricted stock units | 5 | — |
| Amortization of premiums and discounts on marketable securities | 70 | (248) |
| Amortization of right of use lease asset | 165 | 199 |
| Accretion of lease liability | 6 | 30 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 1,317 | 450 |
| Other assets, noncurrent | (857) | (203) |
| Accounts payable | (978) | 2,207 |
| Accrued expenses and other current liabilities | (1,038) | 1,639 |
| Operating lease liabilities | (171) | (227) |
| Net cash used in operating activities | (10,036) | (16,983) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | — | (21,994) |
| Proceeds from sale of marketable securities | 11,650 | 26,459 |
| Net cash provided by investing activities | 11,650 | 4,465 |
| Cash flows from financing activities: | ||
| Proceed from issuance of common stock, net of issuance costs | — | 2,705 |
| Net cash provided by financing activities | — | 2,705 |
| Net increase (decrease) in cash and cash equivalents | 1,614 | (9,813) |
| Effect of exchange rate changes on cash and cash equivalents | (217) | (17) |
| Cash and cash equivalents, beginning of period | 21,465 | 32,786 |
| Cash and cash equivalents, end of period | $22,862 | $22,956 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for taxes | $— | $— |
| Supplemental disclosures of noncash activities: | ||
| Operating lease liabilities arising from obtaining right-of-use assets | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.