Corvus Pharmaceuticals Inc
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 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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Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Six Months Ended · | |||||||
| · · June 30, · | |||||||
| · 2024 · 2023 | |||||||
| Cash flows from operating activities · · · · | |||||||
| Net loss | | $(9,963) | | $(14,376) | | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | ||||
| Depreciation and amortization | | 44 | | 93 | | ||
| Accretion related to marketable securities | | (375) | | (522) | | ||
| Stock-based compensation | | 1,457 | | 1,029 | | ||
| Change in fair value of warrant liability | | (1,816) | | — | | ||
| Loss from equity method investment | | 341 | | 3,015 | | ||
| Changes in operating assets and liabilities: | | | | ||||
| Accounts receivable - related party | | (9) | | 588 | | ||
| Prepaid and other current assets | | (196) | | (120) | | ||
| Operating lease right-of-use asset | | | 571 | | | 526 | |
| Other assets | | | (40) | | | — | |
| Accounts payable | | (312) | | 122 | | ||
| Accrued and other liabilities | | 334 | | (3,087) | | ||
| Operating lease liability | | | (674) | | | (602) | |
| Net cash used in operating activities | | (10,638) | | (13,334) | | ||
| Cash flows from investing activities | | | | ||||
| Purchases of marketable securities | | (30,922) | | (33,808) | | ||
| Maturities of marketable securities | | 13,411 | | 34,155 | | ||
| Purchases of property and equipment | | — | | (34) | | ||
| Net cash (used in) provided by investing activities | | (17,511) | | 313 | | ||
| Cash flows from financing activities | | | | ||||
| Proceeds from issuance of common stock, net (includes $1,794 in aggregate gross proceeds from related parties for the six months ended June 30, 2024) | | 16,405 | | — | | ||
| Proceeds from issuance of pre-funded warrants, net (includes $1,769 in aggregate gross proceeds from related parties for the six months ended June 30, 2024) | | 5,031 | | — | | ||
| Proceeds from issuance of common warrants (includes $1,472 in aggregate gross proceeds from related parties for the six months ended June 30, 2024) | | 8,934 | | — | | ||
| Proceeds from issuance of common stock in connection with at-the-market offering, net | | | — | | | 7,516 | |
| Proceeds from exercise of common stock options | | — | | 4 | | ||
| Net cash provided by financing activities | | 30,370 | | 7,520 | | ||
| Net decrease in cash and cash equivalents | | 2,221 | | (5,501) | | ||
| Cash and cash equivalents at beginning of the period | | 12,620 | | 13,159 | | ||
| Cash and cash equivalents at end of the period | | $14,841 | | $7,658 | | ||
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