MeiraGTx Holdings plc

For the period ended Dec 31, 2024. Filed Mar 13, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 13, 2025

MGTX$9.49+5.4%Stored close · as of Nov 9, 2026

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Contents

Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)


· · For the Years Ended December 31,
· 2024 · 2023
Cash flows from operating activities: · ·
Net loss	$(147,791)	$(84,027)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation expense	25,191	27,716
Foreign currency loss (gain)	2,886	(9,300)
Depreciation and amortization	12,828	13,730
Net change in right-of-use assets and liabilities	16	(222)
Gain on termination of lease liabilities	(172)	—
Loss on disposal of equipment, furniture and fixtures	9	13
Loss on equity method investment	17	6
Amortization of interest on asset retirement obligations	209	177
Amortization of debt discount	1,103	1,083
Fair value adjustment	—	(499)
Impairment of acquired in-process research and development and right-of-use assets	—	1,149
Gain on sale of nonfinancial assets	(28,434)	(54,208)
(Increase) decrease in operating assets:
Accounts receivable - related party	6,325	9,975
Contract assets - related party	(954)	—
Inventory	(387)	—
Prepaid expenses	(1,328)	2,690
Tax incentive receivable	4,055	(5,148)
Other current assets	(2,302)	222
Other assets, net	759	(1,809)
Increase (decrease) in operating liabilities:
Accounts payable	10,738	2,330
Accrued expenses	(13,959)	(382)
Other current liabilities	32	(1,355)
Deferred revenue - related party	26,664	(7,506)
Net cash used in operating activities	(104,495)	(105,365)

Cash flows from investing activities:
Purchase of property, plant and equipment	(4,955)	(20,174)
Proceeds from sale of nonfinancial assets	28,434	54,208
Net cash provided by investing activities	23,479	34,034

Cash flows from financing activities:
Exercise of share options	—	10
Payments of withholdings on shares withheld for income taxes	(2,340)	(1,519)
Proceeds from the issuance of ordinary shares	59,390	91,950
Issuance costs in connection with ordinary shares	(2,516)	(6,418)
Net cash provided by financing activities	54,534	84,023

Net (decrease) increase in cash, cash equivalents and restricted cash	(26,482)	12,692
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1,501	2,441
Cash, cash equivalents and restricted cash at beginning of the year	130,649	115,516
Cash, cash equivalents and restricted cash at end of the year	$105,668	$130,649

Supplemental disclosure of non-cash transactions:
Fixed asset acquisition included in accounts payable and accrued expenses	$851	$2,607
Change in estimate of asset retirement obligations	$345	—
Issuance of shares in connection with asset acquisition	$—	$209
Supplemental disclosure of cash flow information:
Cash paid for interest	$12,029	$13,054

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.