Edgewise Therapeutics Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
EWTX$46.53-4.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine months ended September 30, | ||||||
| · 2024 · 2023 | ||||||
| Cash flows from operating activities · · · · · | ||||||
| Net loss | | $(94,151) | $(70,020) | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | |||
| Depreciation | | | 1,492 | | 1,068 | |
| Stock-based compensation | | 16,975 | | 12,407 | ||
| Amortization (accretion) of (discount) on marketable securities, net | | | (9,943) | | | (7,345) |
| Amortization of right-of-use asset | | | 169 | | | 131 |
| Changes in assets and liabilities: | | | | |||
| Prepaid expenses and other assets | | 1,705 | | (3,174) | ||
| Accounts payable | | 1,645 | | 1,290 | ||
| Accrued compensation | | 491 | | 376 | ||
| Accrued other expenses and other liabilities | | 60 | | 136 | ||
| Lease liability | | (514) | | | 13 | |
| Net cash used in operating activities | | (82,071) | | | (65,118) | |
| | | | | | | |
| Cash flows from investing activities | | | | | ||
| Purchases of marketable securities | | (413,877) | | (216,080) | ||
| Sales of marketable securities | | | 12,720 | | | 19,189 |
| Maturities of marketable securities | | | 196,617 | | | 278,378 |
| Purchases of property and equipment | | (1,038) | | (5,584) | ||
| Net cash (used in) provided by investing activities | | (205,578) | | 75,903 | ||
| | | | | | | |
| Cash flows from financing activities | | | ||||
| Proceeds from issuance of common stock, net of underwriting discounts and commissions and offering costs | | | 239,147 | | | — |
| Exercise of stock options | | 7,050 | | 55 | ||
| Payment of deferred offering costs | | | (262) | | | (214) |
| Proceeds from Employee Stock Purchase Plan | | | 423 | | | 338 |
| Net cash provided by financing activities | | 246,358 | | 179 | ||
| | | | | | | |
| Net change in cash and cash equivalents | | (41,291) | | 10,964 | ||
| Cash and cash equivalents at beginning of period | | 86,097 | | 21,993 | ||
| Cash and cash equivalents at end of period | | $44,806 | | $32,957 | ||
| Supplemental disclosures of non-cash investing and financing activities: | | | ||||
| Right-of-use asset obtained in exchange for new operating lease liability, net of tenant improvement receivable | | $— | | $1,110 | ||
| Reduction to right-of-use due to tenant improvement receivable | | $460 | | $— | ||
| Property and equipment purchases included in accounts payable and accrued other expenses | | $204 | | $140 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.