Annexon 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
ANNX$4.21-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(89,610) | $(106,346) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,613 | 1,610 |
| Accretion of discount on available-for-sale securities | (6,032) | (2,290) |
| Stock-based compensation | 14,211 | 13,816 |
| Reduction in the carrying amount of right-of-use assets | 959 | 823 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (32) | 1,543 |
| Other non-current assets | (3,184) | — |
| Accounts payable | 1,247 | (2,503) |
| Accrued and other current liabilities | 585 | (2,968) |
| Operating lease liabilities | (1,748) | (1,350) |
| Net cash used in operating activities | (81,991) | (97,665) |
| Investing activities: | ||
| Purchases of property and equipment | (9) | (186) |
| Purchases of available-for-sale securities | (411,900) | (83,612) |
| Proceeds from maturities of available-for-sale securities | 192,100 | 156,684 |
| Net cash (used in) provided by investing activities | (219,809) | 72,886 |
| Financing activities: | ||
| Proceeds from the exercise of common stock options | 918 | 111 |
| Proceeds from Employee Stock Purchase Plan purchases | 215 | 345 |
| Proceeds from the issuance of common stock, including to related parties, of zero and $17,995 for the nine months ended September 30, 2024 and 2023, respectively | 39,737 | 17,995 |
| Proceeds from the issuance of common stock and pre-funded warrants, net of commissions | 117,500 | — |
| Payment of financing costs | (2,131) | (525) |
| Net cash provided by financing activities | 156,239 | 17,926 |
| Decrease in cash, cash equivalents and restricted cash | (145,561) | (6,853) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (9) | (8) |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 226,142 | 141,052 |
| End of period | $80,572 | $134,191 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for amounts included in the measurement of lease liability | $3,649 | $3,525 |
| Non-cash investing and financing activities: | ||
| Deferred offering costs included in accounts payable and accrued liabilities | $14 | $— |
| Deferred offering costs included in other non-current assets | $49 | $— |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $— | $6 |
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