Biomea Fusion Inc
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Oct 29, 2024
BMEA$0.60+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Statements of Cash Flows
(in thousands)
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| Operating Activities | ||
| Net loss | $(109,124) | $(82,371) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation expense | 1,279 | 1,095 |
| Non-cash operating lease expense | 2,096 | 1,976 |
| Stock-based compensation expense | 14,604 | 10,267 |
| Net amortization of premiums and accretion of discounts on investments | — | 1 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (3,331) | 1,356 |
| Other assets | 874 | (1,684) |
| Accounts payable | 2,068 | (1,099) |
| Accrued expenses and other current liabilities | 2,350 | (1,466) |
| Operating lease liabilities | (706) | (1,830) |
| Net cash used in operating activities | (89,890) | (73,755) |
| Investing Activities | ||
| Purchase of property and equipment | (280) | (3,362) |
| Maturities of investments | — | 1,150 |
| Net cash used in investing activities | (280) | (2,212) |
| Financing Activities | ||
| Proceeds from issuance of common stock from public offering, net of offering costs | — | 161,803 |
| Proceeds from stock option exercise and purchases under the employee stock purchase plan | 1,255 | 1,373 |
| Net cash provided by financing activities | 1,255 | 163,176 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (88,915) | 87,209 |
| Cash, cash equivalents, and restricted cash at the beginning of the period | 177,236 | 112,250 |
| Cash, cash equivalents, and restricted cash at the end of the period | $88,321 | $199,459 |
| Non-cash financing and investing activities: | ||
| Acquisition of operating lease right-of-use assets | $— | $11,639 |
| Acquisition of property and equipment in accounts payable and accrued liabilities | $68 | $4 |
| Reconciliation of cash and cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $87,952 | $199,090 |
| Restricted cash | 369 | 369 |
| Total cash and cash equivalents, and restricted cash | $88,321 | $199,459 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.