PALATIN TECHNOLOGIES INC
For the period ended Jun 30, 2025. Filed Sep 23, 2025.
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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.
FY2025 · Filed Sep 23, 2025
PTN$6.89-4.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(17,307,349) | $(29,736,113) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 258,917 | 339,075 |
| Decrease in right-of-use asset | 366,155 | 348,780 |
| Unrealized foreign currency transaction loss (gain) | 50 | (59,753) |
| Stock-based compensation | 1,382,281 | 1,872,698 |
| Change in fair value of liability classified warrants | - | 6,962,562 |
| Gain on sale of Vyleesi | (3,130,000) | (7,781,844) |
| Gain on purchase commitment | (2,117,900) | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | - | 2,915,760 |
| Other receivables | (29,468) | - |
| Prepaid expenses and other assets | (83,423) | 1,218,846 |
| Inventories | - | (1,154,355) |
| Accounts payable | 2,896,877 | (201,598) |
| Accrued expenses | (3,303,634) | (2,367,651) |
| Operating lease liabilities | (380,543) | (354,051) |
| Other liabilities | 141,400 | (3,463,797) |
| Net cash used in operating activities | (21,306,637) | (31,461,441) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Maturity of marketable securities | - | 2,992,890 |
| Proceeds from sale of Vyleesi | 3,130,000 | 9,500,000 |
| Purchases of property and equipment | - | (42,526) |
| Net cash provided by investing activities | 3,130,000 | 12,450,364 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payment of withholding taxes related to restricted stock units | (99,482) | (56,401) |
| Proceeds from the sale of common stock and warrants, net | 7,960,765 | 14,666,042 |
| Payment of finance lease obligations | (46,014) | (106,392) |
| Proceeds from exercise of warrants | 3,398,237 | 6,045,642 |
| Net cash provided by financing activities | 11,213,506 | 20,548,891 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (6,963,131) | 1,537,814 |
| CASH AND CASH EQUIVALENTS, beginning of period | 9,527,396 | 7,989,582 |
| CASH AND CASH EQUIVALENTS, end of period | $2,564,265 | $9,527,396 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for interest | $15,025 | $17,114 |
| Conversion of liability classified warrants | 11,423,203 | |
| Conversion of liability classified warrants upon warrant exercise | - | 2,389,903 |
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