Milestone Pharmaceuticals Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 12, 2026
MIST$0.66-10.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows** (Unaudited)**
(in thousands of U.S. dollars)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Six months ended June 30, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows used in operating activities | | | | | | |
| Net loss | | $(54,680) | | $(33,727) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | |
| Depreciation of property and equipment | | | 113 | | | 55 |
| Amortization of debt costs | | | 235 | | | 208 |
| Accretion of investment discount | | | — | | | (81) |
| Non-cash interest expense related to senior secured convertible note | | | 1,781 | | | 1,678 |
| Non-cash interest expense related to royalty financing obligation | | | 6,838 | | | — |
| Share-based compensation expense | | | 2,620 | | | 2,659 |
| Changes in operating assets and liabilities: | | | | | | |
| Accounts receivable, net | | | (2,720) | | | — |
| License receivable | | | 1,546 | | | — |
| Other receivables | | | 920 | | | 566 |
| Research and development tax credits receivable | | | (199) | | | (178) |
| Prepaid expenses | | | 770 | | | 1,092 |
| Inventory | | | (4,074) | | | — |
| Operating lease assets and liabilities | | | (24) | | | (3) |
| Accounts payable | | | 2,809 | | | 996 |
| Accrued liabilities | | | 4,264 | | | 217 |
| Deferred revenue | | | 1,034 | | | — |
| | | | | | | |
| Net cash used in operating activities | | | (38,767) | | | (26,518) |
| | | | | | | |
| Cash flows provided by (used in) investing activities | | | | | | |
| Acquisition of property and equipment | | | (71) | | | (17) |
| Acquisition of short-term investments | | | (79,967) | | | (922) |
| Redemption of short-term investments | | | 112,000 | | | 44,466 |
| | | | | | | |
| Net cash provided by investing activities | | | 31,962 | | | 43,527 |
| | | | | | | |
| Cash flows provided by (used in) financing activities | | | | | | |
| Proceeds from exercise of options | | | 28 | | | 36 |
| Proceeds from Royalty Financing Arrangement | | | 75,000 | | | — |
| Proceeds from issuance of common shares, net of issuance costs | | | 10,890 | | | — |
| Proceeds from exercise of series A warrants, net of issuance costs | | | 17,407 | | | — |
| Proceeds from employee stock purchase plan | | | 184 | | | 140 |
| Payment of property and equipment financing | | | (22) | | | — |
| | | | | | | |
| Cash provided by financing activities | | | 103,487 | | | 176 |
| | | | | | | |
| Net increase in cash and cash equivalents | | | 96,682 | | | 17,185 |
| | | | | | | |
| Cash and cash equivalents – Beginning of period | | | 73,046 | | | 25,314 |
| | | | | | | |
| Cash and cash equivalents – End of period | | $169,728 | | $42,499 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.