TScan Therapeutics Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
TCRX$0.19+2.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Cash flows from operating activities: | |||
| Net loss | $(127,499) | $(89,218) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation expense | 4,108 | 5,361 | |
| Accretion of marketable securities | (3,897) | (1,072) | |
| Non-cash interest expense related to loan payable | 773 | 757 | |
| Loss on extinguishment of debt | 1,090 | - | |
| Stock-based compensation | 9,549 | 5,208 | |
| Changes in current assets and liabilities: | |||
| Prepaid expenses and other assets | (538) | 985 | |
| Right-of-use assets and lease liabilities, net | 1,881 | 935 | |
| Accounts payable | 1,994 | (52) | |
| Accrued expense and other liabilities | 4,532 | 3,853 | |
| Deferred revenue | (2,815) | 11,885 | |
| Net cash used in operating activities | (110,822) | (61,358) | |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (3,825) | (3,146) | |
| Purchases of marketable securities | (241,445) | (77,613) | |
| Proceeds from maturities of marketable securities | 192,657 | 20,000 | |
| Net cash used in investing activities | (52,613) | (60,759) | |
| Cash flows from financing activities: | |||
| Repayment of loan payable, net | (17,144) | - | |
| Proceeds from borrowings under loan agreement, net | 32,457 | - | |
| Proceeds from issuance of common stock, net of offering costs | 33,131 | 42,414 | |
| Proceeds from issuance of pre-funded warrants, net of offering costs | 158,271 | 92,318 | |
| Issuance of common stock under employee stock purchase plan | 333 | - | |
| Proceeds from exercise of stock options | 1,717 | 711 | |
| Net cash provided by financing activities | 208,765 | 135,443 | |
| Net increase in cash, cash equivalents and restricted cash | 45,330 | 13,326 | |
| Cash, cash equivalents, and restricted cash - beginning of year | 138,390 | 125,064 | |
| Cash, cash equivalents, and restricted cash - end of year | $183,720 | $138,390 | |
| Summary of cash, cash equivalents and restricted cash reported within the consolidated balance sheets: | |||
| Cash and cash equivalents | 178,689 | 133,359 | |
| Restricted cash | 5,031 | 5,031 | |
| Total cash, cash equivalents, and restricted cash | $183,720 | $138,390 | |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $2,881 | $3,002 | |
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Debt issuance costs not yet paid | $400 | ||
| Financing costs not yet paid | $200 | ||
| Lease liability arising from obtaining right-of-use asset | $6,133 | $6,214 | |
| Purchase of property and equipment in accounts payable and accrued liabilities | $84 | $301 | |
| Issuance of common stock upon note conversion | $14,750 | $ | - |
TSCAN THERAPEUTICS, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.