Acrivon Therapeutics Inc
For the period ended Sep 30, 2024. Filed Nov 13, 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 13, 2024
ACRV$1.57-0.6%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)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(57,725) | $(41,136) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 703 | 387 |
| Stock-based compensation expense | 10,581 | 8,560 |
| Non-cash lease expense | 689 | 584 |
| Net amortization of premiums and accretion of discounts on investments | (2,880) | (2,643) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 703 | 1,942 |
| Accounts payable | (3,355) | 439 |
| Accrued expenses and other liabilities | 4,841 | 2,133 |
| Operating lease liabilities | (687) | (541) |
| Other assets | (1,179) | — |
| Net cash used in operating activities | (48,309) | (30,275) |
| Cash flows from investing activities: | ||
| Purchases of short-term and long-term investments | (168,165) | (39,947) |
| Proceeds from maturities of short-term investments | 103,923 | 70,265 |
| Purchases of property and equipment | (1,941) | (137) |
| Net cash (used in) provided by investing activities | (66,183) | 30,181 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock in private placement | 69,997 | — |
| Proceeds from issuance of pre-funded warrants in private placement | 60,003 | — |
| Proceeds from exercise of stock options | 90 | 457 |
| Payments of offering costs | (6,543) | — |
| Payments of tax withholdings related to vesting of restricted stock units | (1,873) | — |
| Net cash provided by financing activities | 121,674 | 457 |
| Net increase in cash, cash equivalents, and restricted cash | 7,182 | 363 |
| Cash, cash equivalents and restricted cash at beginning of period | 36,429 | 29,907 |
| Cash, cash equivalents and restricted cash at end of period | $43,611 | $30,270 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities | $588 | $161 |
| Right-of-use assets obtained in exchange for operating lease liability | $56 | $— |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $43,415 | $29,859 |
| Restricted cash | 196 | 411 |
| Total cash, cash equivalents, and restricted cash | $43,611 | $30,270 |
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