Spero Therapeutics, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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FY2024 · Filed Mar 27, 2025
SPRO$1.01-5.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(68,566) | $22,806 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 2 | 367 |
| Non-cash lease cost | 1,043 | 969 |
| Impairment of assets | — | 5,306 |
| Share-based compensation | 7,793 | 7,932 |
| Changes in operating assets and liabilities: | ||
| Collaboration receivable, current and non-current - related party | 46,351 | (95,742) |
| Other receivables | (1,540) | (461) |
| Prepaid expenses and other current assets | 2,267 | (799) |
| Other assets | 282 | (1) |
| Accounts payable | 5,928 | 761 |
| Accrued expenses and other current liabilities | 11,167 | (2,416) |
| Deferred revenue | (370) | (933) |
| Deferred revenue - related party | (26,255) | 29,942 |
| Other long-term liabilities | (87) | (9) |
| Operating lease liabilities | (1,246) | (1,104) |
| Income taxes payable | (213) | 387 |
| Net cash used in operating activities | (23,444) | (32,995) |
| Cash flows from financing activities: | ||
| Proceeds from the issuance of common stock, net of issuance costs | — | 221 |
| Net cash provided by financing activities | — | 221 |
| Net decrease in cash and cash equivalents | (23,444) | (32,774) |
| Cash and cash equivalents at beginning of period | 76,333 | 109,107 |
| Cash and cash equivalents at end of period | $52,889 | $76,333 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for income taxes | $99 | $2,212 |
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