Tempest Therapeutics, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 27, 2025
TPST$0.37+3.5%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)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(41,843) | $(29,491) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 389 | 381 |
| Stock-based compensation expense | 5,303 | 2,546 |
| Noncash lease expense | 1,309 | 1,698 |
| Noncash interest and other expense, net | 202 | 186 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other assets | (110) | 193 |
| Accounts payable | 1,605 | (263) |
| Accrued expenses and other liabilities | 1,273 | (992) |
| Interest payable | (54) | 16 |
| Operating lease liabilities | (1,101) | (1,631) |
| Cash used in operating activities | (33,027) | (27,357) |
| Investing activities: | ||
| Purchase of property and equipment | (435) | (170) |
| Cash used in investing activities | (435) | (170) |
| Financing activities: | ||
| Proceeds from the issuance of common stock in connection with at the market offering, net of issuance costs | 28,591 | 35,602 |
| Repayment of loan | (4,398) | — |
| Proceeds from the issuance of common stock under equity plan awards | 307 | — |
| Cash provided by financing activities | 24,500 | 35,602 |
| Net increase in cash and cash equivalents | (8,962) | 8,075 |
| Cash, cash equivalents and restricted cash at beginning of period | 39,673 | 31,598 |
| Cash, cash equivalents and restricted cash at end of period | 30,711 | 39,673 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $1,177 | $1,249 |
| Cash paid for business taxes | $54 | $191 |
| Non-cash investing activities: Property and equipment in accounts payable | $— | $— |
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