MeiraGTx Holdings plc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 13, 2024
MGTX$9.62+1.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the Nine-Month Periods Ended September 30, | ||||||
| · 2024 · 2023 | ||||||
| Cash flows from operating activities: · · | ||||||
| Net loss | | $(108,392) | | $(104,242) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Share-based compensation expense | | 19,074 | | 20,756 | ||
| Foreign currency (gain) loss | | (2,644) | | 2,915 | ||
| Depreciation and amortization | | 9,757 | | 9,818 | ||
| Net change in right-of-use assets and liabilities | | | (158) | | | (153) |
| Loss on disposal of equipment, furniture and fixtures | | | 418 | | | 89 |
| Amortization of interest on asset retirement obligations | | 146 | | 130 | ||
| Amortization of debt discount | | | 824 | | | 809 |
| Fair value adjustment | | — | | (53) | ||
| Gain on sale of nonfinancial assets | | | (28,434) | | | — |
| (Increase) decrease in operating assets: | | | | | | |
| Accounts receivable - related party | | | 5,033 | | | (198) |
| Prepaid expenses | | (1,289) | | 1,212 | ||
| Tax incentive receivable | | | 8,170 | | | (2,283) |
| Other current assets | | 923 | | 898 | ||
| Other assets, net | | | 689 | | | (15) |
| Increase (decrease) in operating liabilities: | | | | | ||
| Accounts payable | | 14,024 | | 5,393 | ||
| Accrued expenses | | (23,350) | | (13,917) | ||
| Other current liabilities | | 123 | | — | ||
| Deferred revenue - related party | | 23,867 | | (11,977) | ||
| Net cash used in operating activities | | (81,219) | | (90,818) | ||
| | | | | | | |
| Cash flows from investing activities: | | | ||||
| Purchase of property, plant and equipment | | (3,737) | | (17,144) | ||
| Proceeds from sale of nonfinancial assets | | | 28,434 | | | — |
| Net cash provided by (used in) investing activities | | 24,697 | | (17,144) | ||
| | | | | | | |
| Cash flows from financing activities: | | | | |||
| Payments of withholdings on shares withheld for income taxes | | | (2,340) | | | (1,519) |
| Proceeds from the issuance of ordinary shares | | 55,135 | | 61,950 | ||
| Issuance costs in connection with ordinary shares | | (2,505) | | (4,119) | ||
| Net cash provided by financing activities | | 50,290 | | 56,312 | ||
| | | | | | | |
| Net decrease in cash, cash equivalents and restricted cash | | (6,232) | | (51,650) | ||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | | 612 | | 537 | ||
| Cash, cash equivalents and restricted cash at beginning of the period | | 130,649 | | 115,516 | ||
| Cash, cash equivalents and restricted cash at end of the period | | $125,029 | | $64,403 | ||
| | | | | | | |
| Supplemental disclosure of non-cash transactions: | | | ||||
| Fixed asset acquisition included in accounts payable and accrued expenses | | $1,897 | | $2,941 | ||
| Change in estimate of asset retirement obligations | | $370 | | | — | |
| Issuance of shares in connection with asset acquisition | | $— | | $209 | ||
| Supplemental disclosure of cash flow information: | | | ||||
| Cash paid for interest | | $8,864 | | $9,965 | ||
MEIRAGTX HOLDINGS PLC AND SUBSIDIARIES
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