PRECISION BIOSCIENCES INC
For the period ended Sep 30, 2024. Filed Nov 4, 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 Nov 4, 2024
DTIL$10.60+7.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Balance Sheets
(In thousands, except share and per share amounts)
(unaudited)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $98,752 | $116,678 |
| Accounts receivable | 188 | 901 |
| Marketable securities | 2,450 | — |
| Prepaid expenses | 7,114 | 5,977 |
| Convertible note receivable | — | 11,897 |
| Assets held for sale | 189 | 487 |
| Contract asset | 1,359 | — |
| Other current assets | 471 | 419 |
| Total current assets | 110,523 | 136,359 |
| Restricted cash | 22,576 | — |
| Property, equipment, and software—net | 3,563 | 6,338 |
| Intangible assets—net | 388 | 400 |
| Right-of-use assets—net | 7,393 | 8,263 |
| Investment in equity securities | 3,206 | 3,206 |
| Note receivable—net | 5,385 | 4,990 |
| Other assets | 224 | 225 |
| Total assets | $153,258 | $159,781 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $958 | $2,968 |
| Accrued compensation | 3,592 | 4,978 |
| Accrued research and development expenses | 3,293 | 1,557 |
| Deferred revenue | 175 | 12,035 |
| Loan payable—current portion | — | 22,412 |
| Lease liabilities | 1,275 | 1,133 |
| Other current liabilities | 1,385 | 2,391 |
| Current liabilities of discontinued operations | 1,304 | 2,513 |
| Total current liabilities | 11,982 | 49,987 |
| Loan payable—net of current portion | 22,278 | — |
| Deferred revenue | 26,582 | 73,082 |
| Lease liabilities | 6,754 | 7,723 |
| Warrant liability | 10,608 | — |
| Contract liabilities | 10,000 | 10,000 |
| Other noncurrent liabilities | 188 | — |
| Noncurrent liabilities of discontinued operations | — | 128 |
| Total liabilities | 88,392 | 140,920 |
| Stockholders’ equity: | ||
| Preferred stock: $0.0001 par value— 10,000,000 shares authorized as of September 30, 2024 and December 31, 2023; no shares issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Common stock: $0.000005 par value— 200,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 7,507,536 shares issued and 7,480,521 shares outstanding as of September 30, 2024; 4,191,053 shares issued and 4,164,038 shares outstanding as of December 31, 2023 | 1 | 1 |
| Additional paid-in capital | 530,536 | 509,443 |
| Accumulated deficit | (464,719) | (489,631) |
| Treasury stock | (952) | (952) |
| Total stockholders’ equity | 64,866 | 18,861 |
| Total liabilities and stockholders’ equity | $153,258 | $159,781 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.