IMMUNIC INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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.
Mar 31, 2024 · Filed May 8, 2024
IMUX$8.04+1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(29,584) | $(25,272) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 26 | 32 |
| Unrealized foreign currency loss | 340 | 516 |
| Stock-based compensation | 2,750 | 1,979 |
| Change in fair value of tranche rights | 4,796 | — |
| Fees expensed as part of January 2024 Financing | 1,690 | — |
| Changes in operating assets and liabilities: | ||
| Other current assets and prepaid expenses | 389 | 123 |
| Accounts payable | 1,794 | 986 |
| Accrued expenses | (6,145) | 2,072 |
| Other liabilities | (25) | 51 |
| Net cash used in operating activities | (23,969) | (19,513) |
| Cash flows from investing activities: | ||
| Sale of investments - other | — | 5,439 |
| Purchases of property and equipment | (31) | (104) |
| Net cash provided by (used in) investing activities | (31) | 5,335 |
| Cash flows from financing activities: | ||
| Proceeds from public offering of common stock through At The Market Sales Agreement, net | 191 | — |
| Proceeds from the exercise of pre-funded warrants | — | 51 |
| Proceeds from January 2024 Financing, net of issuance costs | 74,273 | — |
| Net cash provided by financing activities | 74,464 | 51 |
| Effect of exchange rate changes on cash and cash equivalents | 174 | 143 |
| Net change in cash and cash equivalents | 50,638 | (13,984) |
| Cash and cash equivalents, beginning of period | 46,674 | 106,745 |
| Cash and cash equivalents, end of period | $97,312 | $92,761 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Conversion of tranche rights liability to equity upon increase in authorized shares | $28,396 | $— |
| Operating lease right-of use asset obtained in exchange for lease liability | $— | $544 |
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