PRECIGEN, INC.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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, 2025 · Filed May 14, 2025
PGEN$4.52-4.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the and
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (Amounts in thousands) | 2025 | 2024 |
| Cash flows from operating activities | ||
| Net loss | $(54,153) | $(23,738) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 629 | 1,595 |
| Gain on disposals of assets, net | — | (3) |
| Change in fair value of warrant liabilities | 32,481 | — |
| Amortization of discounts on investments, net | (706) | (397) |
| Stock-based compensation expense | 2,677 | 2,581 |
| Shares issued as payment for services | 527 | 528 |
| Deferred income taxes | — | (29) |
| Changes in operating assets and liabilities: | ||
| Receivables: | ||
| Trade | 175 | 30 |
| Other | (76) | 383 |
| Prepaid expenses | 46 | 699 |
| Other assets | (56) | 4 |
| Accounts payable | (117) | 2,653 |
| Accrued compensation and benefits | 1,204 | 1,722 |
| Other accrued liabilities | 1,277 | (126) |
| Deferred revenue | (138) | (32) |
| Lease liabilities | (95) | 40 |
| Net cash used in operating activities | (16,325) | (14,090) |
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (Amounts in thousands) | 2025 | 2024 |
| Cash flows from investing activities | ||
| Purchases of investments | $(10,408) | $(17,190) |
| Sales and maturities of investments | 4,573 | 45,583 |
| Purchases of property, plant and equipment | (622) | (4,351) |
| Proceeds from sale of assets | — | 3 |
| Net cash provided by (used in) investing activities | (6,457) | 24,045 |
| Cash flows from financing activities | ||
| Payment of issuance cost related to 2024 public offering of shares | (355) | — |
| Payments to taxing authorities in connection with shares directly withheld from employees | (474) | — |
| Proceeds from stock option exercises | 150 | — |
| Net cash used in financing activities | (679) | — |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 2 | (60) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (23,459) | 9,895 |
| Cash, cash equivalents, and restricted cash | ||
| Beginning of period | 29,517 | 7,848 |
| End of period | $6,058 | $17,743 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the period for interest | $— | $3 |
| Significant noncash activities | ||
| Purchases of property and equipment included in accounts payable and other accrued liabilities | $866 | $2,109 |
| Issuance costs included in accounts payable and other accrued liabilities | $537 | $— |
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