Candel Therapeutics Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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 14, 2024
CADL$9.35-1.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
(In thousands)
| NINE MONTHS ENDEDSEPTEMBER 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(41,104) | $(26,844) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 745 | 711 |
| Impairment of fixed assets | — | 162 |
| Loss on the sale of fixed assets | — | 77 |
| Non-cash stock compensation expense | 4,068 | 2,152 |
| Non-cash lease expense | 202 | 177 |
| Non-cash interest expense | 89 | 77 |
| Change in fair value of warrant liability | 14,970 | (1,449) |
| Accretion of debt discount | 218 | 237 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (143) | (230) |
| Other assets | 41 | (139) |
| Accounts payable | (129) | (127) |
| Accrued expenses | 213 | (1,247) |
| Deferred income | — | (36) |
| Lease liability | (379) | (343) |
| Net cash used in operating activities | (21,209) | (26,822) |
| Cash Flows from Investing Activities: | ||
| Purchase of fixed assets | (13) | (410) |
| Proceeds from the sale of fixed assets | — | 157 |
| Net cash used in investing activities | (13) | (253) |
| Cash Flows from Financing Activities: | ||
| Proceeds from option exercises | 1,319 | — |
| Proceeds from sale of common stock, net of issuance costs | 7,715 | — |
| Principal payments on term loan | (6,667) | — |
| Net cash provided by financing activities | 2,367 | — |
| Net decrease in cash | (18,855) | (27,075) |
| Cash, cash equivalents and restricted cash at beginning of period | 35,679 | 70,324 |
| Cash, cash equivalents and restricted cash at end of period | $16,824 | $43,249 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $1,462 | $1,592 |
| Supplemental disclosures of non-cash information: | ||
| Capital expenditures in accounts payable and accrued expenses | $3 | $19 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.