CASSAVA SCIENCES INC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
FLNA$0.48-2.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Years ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(24,342) | $(97,217) | $(76,246) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Stock-based compensation | 16,291 | 4,586 | 2,066 |
| Gain from change in fair value of warrant liabilities | (108,183) | — | — |
| Depreciation | 952 | 1,084 | 804 |
| Amortization of intangible assets | 180 | 446 | 497 |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses and other current assets | 539 | 1,714 | 1,189 |
| Operating lease right-of-use assets and liabilities | — | (17) | (9) |
| Accounts payable and other accrued expenses | (2,919) | 6,896 | (3,449) |
| Accrued development expense | (597) | 757 | (523) |
| Accrued compensation and benefits | 1,157 | 30 | (1,707) |
| Other liabilities | (7) | (304) | (136) |
| Net cash used in operating activities | (116,929) | (82,025) | (77,514) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (103) | (414) | (2,712) |
| Net cash used in investing activities | (103) | (414) | (2,712) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock upon exercise of stock options | 918 | 2,560 | 475 |
| Proceeds from exercise of common stock warrants, net of exercise costs | 123,552 | — | — |
| Proceeds from common stock offering, net of issuance costs | — | — | 47,329 |
| Net cash provided by financing activities | 124,470 | 2,560 | 47,804 |
| Net increase (decrease) in cash and cash equivalents | 7,438 | (79,879) | (32,422) |
| Cash and cash equivalents at beginning of period | 121,136 | 201,015 | 233,437 |
| Cash and cash equivalents at end of period | $128,574 | $121,136 | $201,015 |
| Supplemental cash flow information: | |||
| Non-cash investing activities | |||
| Purchases of property and equipment included in accounts payable | $— | $— | $340 |
| Non-cash financing activities | |||
| Issuance of warrants resulting in recognition of warrant liabilities | 113,363 | — | — |
| Derecognition of warrant liabilities upon exercise of warrants | (5,180) | — | — |
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