Aerovate Therapeutics Inc
For the period ended Mar 31, 2024. Filed May 13, 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 13, 2024
JBIO$15.60+3.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · March 31, · · December 31, · | |||||||
| · 2024 · 2023 | |||||||
| Assets · · · | |||||||
| Current assets: · · · | |||||||
| Cash and cash equivalents | | $9,122 | | $23,491 | | ||
| Short-term investments | | 90,212 | | 98,948 | | ||
| Prepaid expenses and other current assets | | 3,905 | | 1,793 | | ||
| Total current assets | | 103,239 | | 124,232 | | ||
| Property and equipment, net | | 260 | | 288 | | ||
| Operating lease right-of-use assets | | 725 | | 614 | | ||
| Other long-term assets | | 2,597 | | 2,284 | | ||
| Total assets | | $106,821 | | $127,418 | | ||
| | | | | | | | |
| Liabilities and Stockholders’ Equity | | | | | | | |
| | | | | | | | |
| Current liabilities: | | | | ||||
| Accounts payable | | $3,313 | | $2,396 | | ||
| Accrued and other current liabilities | | 11,760 | | 14,821 | | ||
| Operating lease liabilities | | 445 | | 420 | | ||
| Total current liabilities | | 15,518 | | 17,637 | | ||
| Operating lease liabilities, net of current portion | | 329 | | 255 | | ||
| Other liabilities | | 70 | | 70 | | ||
| Total liabilities | | 15,917 | | 17,962 | | ||
| | | | | | | | |
| Commitments and contingencies (Note 5) | | | | ||||
| Stockholders’ equity: | | | | ||||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2024 and December 31, 2023, respectively; no shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | | | — | | | — | |
| Common stock, $0.0001 par value; 150,000,000 shares authorized at March 31, 2024 and December 31, 2023, respectively; 27,898,761 and 27,762,703 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | | 3 | | 3 | | ||
| Additional paid-in capital | | 277,544 | | 272,640 | | ||
| Accumulated other comprehensive (loss) income | | (33) | | 237 | | ||
| Accumulated deficit | | (186,610) | | (163,424) | | ||
| Total stockholders’ equity | | 90,904 | | 109,456 | | ||
| Total liabilities and stockholders’ equity | | $106,821 | | $127,418 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.