PALATIN TECHNOLOGIES INC
For the period ended Jun 30, 2024. Filed Sep 30, 2024.
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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 Sep 30, 2024
PTN$6.89-4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| PALATIN TECHNOLOGIES, INC. | ||
|---|---|---|
| and Subsidiary | ||
| Consolidated Statements of Cash Flows | ||
| Year Ended June 30, | ||
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(29,736,113) | $(24,036,741) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 339,075 | 288,331 |
| Decrease in right-of-use asset | 348,780 | 371,339 |
| Unrealized foreign currency transaction gain (loss) | (59,753) | 429,971 |
| Stock-based compensation | 1,872,698 | 1,674,337 |
| Change in fair value of liability classified warrants | 6,962,562 | (4,620,911) |
| Gain on sale of Vyleesi | (7,781,844) | - |
| Gain on purchase commitment | - | (1,027,322) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 2,915,760 | (1,135,740) |
| Prepaid expenses and other assets | 1,218,846 | 35,173 |
| Inventories | (1,154,355) | 418,471 |
| Accounts payable | (201,598) | 1,109,541 |
| Accrued expenses | (2,367,651) | (364,157) |
| Operating lease liabilities | (354,051) | (371,122) |
| Other liabilities | (3,463,797) | (2,042,516) |
| Net cash used in operating activities | (31,461,441) | (29,271,346) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Maturity of marketable securities | 2,992,890 | - |
| Purchase of marketable securities | (2,992,890) | |
| Proceeds from sale of Vyleesi | 9,500,000 | - |
| Purchases of property and equipment | (42,526) | (433,927) |
| Net cash provided by (used in) investing activities | 12,450,364 | (3,426,817) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payment of withholding taxes related to restricted stock units | (56,401) | (146,062) |
| Proceeds from the sale of common stock and warrants, net | 14,666,042 | 10,995,497 |
| Payment of finance lease obligations | (106,392) | (100,922) |
| Proceeds from exercise of warrants | 6,045,642 | 78 |
| Net cash provided by financing activities | 20,548,891 | 10,748,591 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,537,814 | (21,949,572) |
| CASH AND CASH EQUIVALENTS, beginning of period | 7,989,582 | 29,939,154 |
| CASH AND CASH EQUIVALENTS, end of period | $9,527,396 | $7,989,582 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for interest | $17,114 | $20,013 |
| Conversion of liability classified warrants | 11,423,203 | - |
| Conversion of liability classified warrants upon warrant exercise | 2,389,903 | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.