Wave Life Sciences Ltd
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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FY2024 · Filed Mar 4, 2025
WVE$3.41-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net loss | $(97,008) | $(57,513) | $(161,823) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Amortization of right-of-use assets | 4,767 | 4,206 | 3,540 |
| Depreciation of property and equipment | 3,896 | 5,000 | 6,574 |
| Share-based compensation expense | 13,141 | 9,795 | 17,194 |
| Loss on disposal of property and equipment | — | — | 12 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 19,664 | (21,086) | — |
| Prepaid expenses | 368 | (1,980) | (1,348) |
| Other assets | (3,225) | (2,010) | 3,394 |
| Accounts payable | 3,421 | (3,761) | 9,348 |
| Accrued expenses and other current liabilities | 4,253 | (724) | 2,691 |
| Deferred revenue | (93,589) | 54,328 | (3,245) |
| Operating lease liabilities | (6,714) | (5,496) | (4,308) |
| Other non-current liabilities | — | (190) | 190 |
| Net cash used in operating activities | (151,026) | (19,431) | (127,781) |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (938) | (1,115) | (1,361) |
| Proceeds from the sale of property and equipment | — | — | 106 |
| Purchase of short-term investments | — | — | (75,044) |
| Proceeds from the maturity of short-term investments | — | — | 75,044 |
| Net cash used in investing activities | (938) | (1,115) | (1,255) |
| Cash flows from financing activities | |||
| Proceeds from the issuance of ordinary shares as a part of the June 2022 Offering, net of offering costs | — | — | 51,220 |
| Proceeds from the issuance of ordinary shares as a part of the December 2023 Offering, net of offering costs | 14,038 | 93,574 | — |
| Proceeds from the issuance of ordinary shares as a part of the September 2024 Offering, net of offering costs | 201,758 | — | — |
| Proceeds from issuance pre-funded warrants as a part of the June 2022 Offering, net of offering costs | — | — | 14,268 |
| Proceeds from issuance pre-funded warrants as a part of the, September 2024 Offering, net of offering costs | 14,076 | — | — |
| Proceeds from issuance of ordinary shares pursuant to the GSK Collaboration Agreement | — | 34,623 | — |
| Proceeds from issuance of ordinary shares pursuant to the at-the-market equity program, net | 20,380 | 3,080 | 1,105 |
| Proceeds from the exercise of share options | 2,979 | 509 | 223 |
| Proceeds from the ESPP | 659 | 748 | 372 |
| Net cash provided by financing activities | 253,890 | 132,534 | 67,188 |
| Effect of foreign exchange rates on cash | (138) | (95) | (210) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 101,788 | 111,893 | (62,058) |
| Cash, cash equivalents and restricted cash, beginning of period | 204,050 | 92,157 | 154,215 |
| Cash, cash equivalents and restricted cash, end of period | $305,838 | $204,050 | $92,157 |
| Supplemental disclosure of cash flow information: | |||
| Offering costs in accounts payable at period end | $— | $210 | $— |
| Increase in operating lease right-of-use assets and lease liabilities related to new lease | $— | $— | $12,006 |
Wave Life Sciences Ltd.
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