Phathom Pharmaceuticals Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
PHAT$5.25+3.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(in thousands, except share and par value amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $334,678 | $381,393 |
| Prepaid expenses and other current assets | 14,980 | 13,194 |
| Accounts receivable, net | 21,052 | 1,637 |
| Inventory | 3,111 | 1,208 |
| Total current assets | 373,821 | 397,432 |
| Property and equipment, net | 1,655 | 2,146 |
| Operating lease right-of-use assets | 833 | 1,475 |
| Restricted cash | 2,862 | 2,863 |
| Inventory, non-current | 6,181 | 8,234 |
| Other long-term assets | 1,692 | 1,692 |
| Total assets | $387,044 | $413,842 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $7,133 | $12,601 |
| Accrued expenses | 35,759 | 17,197 |
| Accrued interest | 1,522 | 1,146 |
| Operating lease liabilities, current | 680 | 726 |
| Current portion of revenue interest financing liability | 20,194 | 7,111 |
| Total current liabilities | 65,288 | 38,781 |
| Long-term debt, net of discount | 175,729 | 137,842 |
| Revenue interest financing liability | 322,389 | 299,816 |
| Operating lease liabilities | — | 462 |
| Other long-term liabilities | 10,750 | 9,700 |
| Total liabilities | 574,156 | 486,601 |
| Commitments and contingencies (Note 3) | ||
| Stockholders’ deficit: | ||
| Preferred stock, $0.0001 par value; authorized shares — 40,000,000 at September 30, 2024 and December 31, 2023; no shares issued and outstanding at September 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value; authorized shares — 400,000,000 at September 30, 2024 and December 31, 2023; issued and outstanding shares — 68,323,938 and 57,970,044 at September 30, 2024 and December 31, 2023, respectively | 6 | 5 |
| Treasury stock — 19 shares at September 30, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 1,001,442 | 855,921 |
| Accumulated deficit | (1,188,560) | (928,685) |
| Total stockholders’ deficit | (187,112) | (72,759) |
| Total liabilities and stockholders’ deficit | $387,044 | $413,842 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.