MeiraGTx Holdings plc

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

About this filing

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.

FY2023 · Filed Mar 15, 2024

MGTX$9.49+5.4%Stored close · as of Nov 9, 2026

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Contents

Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)


· · For the Years Ended December 31,
· 2023 · 2022
Cash flows from operating activities: · ·
Net loss	$(84,027)	$(129,615)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation expense	27,716	28,623
Foreign currency (gain) loss	(9,300)	9,452
Depreciation and amortization	13,730	8,723
Net change in right-of-use assets and liabilities	(222)	(153)
Loss on disposal of equipment, furniture and fixtures	13	—
Loss on equity method investment	6	—
Amortization of interest on asset retirement obligations	177	168
Amortization of debt discount	1,083	444
Fair value adjustment	(499)	(361)
Impairment of acquired in-process research and development and right-of-use assets	1,149	—
Gain on sale of nonfinancial assets	(54,208)	—
(Increase) decrease in operating assets:
Accounts receivable - related party	9,975	1,032
Prepaid expenses	2,690	(329)
Tax incentive receivable	(5,148)	4,139
Other current assets	222	519
Other assets, net	(1,809)	(173)
Increase (decrease) in operating liabilities:
Accounts payable	2,330	3,737
Accrued expenses	(382)	12,610
Other current liabilities	(1,355)	4,006
Deferred revenue - related party	(7,506)	(15,920)
Net cash used in operating activities	(105,365)	(73,098)

Cash flows from investing activities:
Purchase of property, plant and equipment	(20,174)	(44,963)
Proceeds from sale of nonfinancial assets	54,208	—
Net cash provided by (used in) investing activities	34,034	(44,963)

Cash flows from financing activities:
Exercise of share options	10	231
Payments of withholdings on shares withheld for income taxes	(1,519)	(2,774)
Proceeds from the issuance of ordinary shares	91,950	25,000
Proceeds from issuance of note payable	—	75,000
Payment of issuance costs	(6,418)	(2,257)
Net cash provided by financing activities	84,023	95,200

Net increase (decrease) in cash, cash equivalents and restricted cash	12,692	(22,861)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2,441	674
Cash, cash equivalents and restricted cash at beginning of the year	115,516	137,703
Cash, cash equivalents and restricted cash at end of the year	$130,649	$115,516

Supplemental disclosure of non-cash transactions:
Fixed asset acquisition included in accounts payable and accrued expenses	$2,607	$7,106
Right-of-use assets obtained in exchange for lease liabilities	$—	$1,793
Asset retirement obligations incurred in connection with leases	$—	$9
Warrants issued in connection with note payable	$—	$2,273
Issuance of shares in connection with asset acquisition	$209	$—
Supplemental disclosure of cash flow information:
Cash paid for interest	$13,054	$329

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.