Corvus Pharmaceuticals Inc
For the period ended Dec 31, 2023. Filed Mar 19, 2024.
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FY2023 · Filed Mar 19, 2024
CRVS$11.37+0.2%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)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | | | |
| · · Year Ended December 31, | |||||||||
| · 2023 · 2022 · 2021 | |||||||||
| Cash flows from operating activities · · · · | |||||||||
| Net loss | | $(27,029) | | $(41,307) | | $(43,241) | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | ||||||
| Depreciation and amortization | | 151 | | 367 | | 460 | |||
| Accretion related to marketable securities | | (894) | | (170) | | 239 | |||
| Stock-based compensation | | 2,147 | | 2,692 | | 4,232 | |||
| Gain from sale of property and equipment | | — | | (22) | | — | |||
| Loss from equity method investment | | 5,284 | | 10,005 | | 4,831 | |||
| Changes in operating assets and liabilities: | | | | | |||||
| Accounts receivable - related party | | 562 | | (81) | | (507) | |||
| Prepaid and other current assets | | (8) | | 581 | | (277) | |||
| Operating lease right-of-use asset | | | 1,068 | | | 973 | | | (1,542) |
| Other assets | | | 40 | | | 107 | | | 178 |
| Accounts payable | | (451) | | 411 | | (1,902) | |||
| Accrued and other liabilities | | (3,578) | | 467 | | (523) | |||
| Operating lease liability | | | (1,227) | | | (1,046) | | | 1,337 |
| Net cash used in operating activities | | (23,935) | | (27,023) | | (36,715) | |||
| Cash flows from investing activities | | | | ||||||
| Purchases of marketable securities | | (47,048) | | (66,191) | | (9,357) | |||
| Maturities of marketable securities | | 62,623 | | 43,162 | | 30,922 | |||
| Purchases of property and equipment | | (34) | | (269) | | (5) | |||
| Proceeds from sale of property and equipment | | | — | | | 22 | | | – |
| Net cash (used in) provided by investing activities | | 15,541 | | (23,276) | | 21,560 | |||
| Cash flows from financing activities | | | | ||||||
| Proceeds from issuance of common stock, net (includes $4,850 in aggregate gross proceeds from related parties for the year ended December 31, 2021) | | — | | — | | 31,989 | |||
| Proceeds from issuance of common stock in connection with at-the-market offering, net | | | 7,843 | | | — | | | 28,954 |
| Proceeds from exercise of common stock options | | 12 | | — | | 1,215 | |||
| Net cash provided by financing activities | | 7,855 | | — | | 62,158 | |||
| Net increase (decrease) in cash and cash equivalents | | (539) | | (50,299) | | 47,003 | |||
| Cash and cash equivalents at beginning of the period | | 13,159 | | 63,458 | | 16,455 | |||
| Cash and cash equivalents at end of the period | | $12,620 | | $13,159 | | $63,458 | |||
| Supplemental disclosures of cash flow information | | | | ||||||
| Purchases of property and equipment incurred but not paid | | $— | | $— | | $5 | |||
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