Aligos Therapeutics Inc
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
ALGS$2.57-34.9%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 State ments of Cash Flows
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(131,211) | $(87,679) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Accretion of discount on investments | (1,783) | (424) |
| Amortization of right of use assets | 1,595 | 1,510 |
| Impairment of right of use assets | - | 724 |
| Change in fair value of warrant liability | 46,132 | 2,169 |
| Loss on disposal of assets | - | 17 |
| Depreciation expense | 1,027 | 1,559 |
| Stock-based compensation including ESPP | 8,452 | 12,652 |
| Changes in operating assets and liabilities: | ||
| Other assets | 216 | 2,297 |
| Accounts payable | 54 | (2,219) |
| Accrued liabilities | (1,388) | 918 |
| Operating lease liabilities | (2,680) | (2,432) |
| Other liabilities | - | 46 |
| Deferred revenue | (1,157) | (8,135) |
| Net cash and cash equivalents used in operating activities | (80,743) | (78,997) |
| Cash flows from investing activities: | ||
| Activities in available-for-sale investments: | ||
| Maturities of short-term investments | 90,000 | 45,011 |
| Purchase of short-term investments | (108,149) | (11) |
| Purchases of property and equipment | (130) | (19) |
| Net cash and cash equivalents (used in) provided by investing activities | (18,279) | 44,981 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock in connection with PIPE Offering, net of costs | - | 17,443 |
| Proceeds from issuance of pre-funded warrants in connection with PIPE Offering, net of costs | - | 44,980 |
| Proceeds from issuance of common warrants in connection with PIPE Offering, net of costs | - | 25,427 |
| Proceeds from issuance of common stock upon exercise of pre-funded warrants | 2 | - |
| Payments on finance lease | (83) | (96) |
| Proceeds from the ESPP purchase | 436 | 551 |
| Proceeds from the exercise of common stock option | - | 23 |
| Net cash and cash equivalents provided by financing activities | 355 | 88,328 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (98,667) | 54,312 |
| Cash, cash equivalents, and restricted cash, beginning of period | 135,774 | 81,462 |
| Cash, cash equivalents, and restricted cash, end of period | $37,107 | $135,774 |
Consolidated Statements of Cash Flows (Continued)
(In thousands)
| Twelve Months Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Reconciliation to amounts on the Consolidated Balance Sheets: | |||
| Cash and cash equivalents | $36,997 | $135,704 | |
| Restricted cash | 110 | 70 | |
| Total cash, cash equivalents, and restricted cash | $37,107 | $135,774 | |
| Supplemental disclosures of noncash financing and investing activities: | |||
| Mark to market adjustment for available-for-sale investments | $9 | $96 | |
| Acquisition of right of use asset through operating lease obligation | - | 1,094 | |
| Vesting of early exercised options | - | 66 | |
| Change in pension obligation | $(103) | $48 | |
| Net exercise of common warrants | $1,361 | $ | - |
Aligos Therapeutics, Inc.
Notes to consolidated
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