Opus Genetics, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 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 31, 2025
IRD$4.23+0.7%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)
| For the Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(57,532) | $(9,986) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 3,362 | 3,510 |
| Depreciation | 10 | 6 |
| Fair value change in derivative liabilities | (72) | (80) |
| Financing costs | — | 1,328 |
| Unrealized loss from short-term investments | 13 | 34 |
| Acquired in-process research and development | 28,000 | — |
| Gain in connection with asset acquisition | (2,447) | — |
| Change in assets and liabilities: | ||
| Accounts receivable | (2,637) | 372 |
| Contract assets and unbilled receivables | (802) | 2,145 |
| Prepaid expenses and other assets | 634 | 354 |
| Accounts payable | 220 | 1,082 |
| Accrued expenses | 5,675 | 123 |
| Net cash used in by operating activities | (25,576) | (1,112) |
| Investing activities | ||
| Cash received in connection with asset acquisition | 1,210 | — |
| Net cash provided by investing activities | 1,210 | — |
| Financing activities | ||
| Proceeds from issuance of common stock | 4,497 | 9,227 |
| Issuance costs attributed to common stock | (232) | (278) |
| Share repurchases for the payment of employee taxes | (79) | — |
| Exercise of stock options and Series B warrants | — | 30 |
| Net cash provided by financing activities | 4,186 | 8,979 |
| Net (decrease) increase in cash and cash equivalents | (20,180) | 7,867 |
| Cash and cash equivalents at beginning of period | 50,501 | 42,634 |
| Cash and cash equivalents at end of period | $30,321 | $50,501 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | $— | $344 |
| Cash paid for interest | $— | $— |
| Supplemental non-cash financing transactions: | ||
| Common stock and Series A preferred stock issued in connection with the asset acquisition | $25,808 | $— |
| Net liabilities assumed in connection with asset acquisition | $955 | $— |
| Non-cash issuance of common stock in connection with equity purchase agreement | $— | $1,022 |
| Value of derivative established in connection with the equity purchase agreement | $— | $154 |
| Unpaid issuance costs | $163 | $10 |
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