Quince Therapeutics Inc
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
QNCX$31.73+8.1%Stored close · as of Oct 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net Loss | $(44,370) | $(22,491) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock based compensation | 3,621 | 4,134 |
| Depreciation and amortization | 170 | 18 |
| Impairment loss on operating lease | — | 66 |
| Loss on disposal of fixed assets | — | 71 |
| Equity investment in Lighthouse, Inc. | — | (78) |
| Change in the fair value of contingent consideration liabilities | 2,082 | — |
| Change in fair value of long-term debt | 1,252 | — |
| Non-cash goodwill and intangible asset impairment charge | 17,130 | 5,900 |
| Amortization of discount on available-for-sale investments | (1,858) | (1,313) |
| Change in deferred tax liabilities due to acquisition of Novosteo, Inc. | — | (248) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Prepaid expenses and other current assets | (2,025) | 2,272 |
| Right of use assets, operating leases and operating lease liabilities | (170) | 192 |
| Other assets | (292) | — |
| Accounts payable | (424) | (161) |
| Accrued expenses and other current liabilities | 532 | (576) |
| Net cash used in operating activities | (24,352) | (12,214) |
| Cash flow from investing activities: | ||
| Purchase of investments | (89,562) | (95,116) |
| Proceeds from maturities of investments | 100,727 | 84,514 |
| Note receivable | — | (500) |
| Proceeds from disposal of assets | — | 90 |
| Purchase of property and equipment | (124) | (136) |
| Net cash provided by investing activities | 11,041 | (11,148) |
| Cash flows from financing activities: | ||
| Payment of contingent consideration | (5,000) | — |
| Payments of finance leases | — | (6) |
| Proceeds from issuance of common stock upon exercise of stock options | 225 | 92 |
| Net cash provided by financing activities | (4,775) | 86 |
| Effect of exchange rate changes on cash | 9 | 329 |
| Net increase in cash and cash equivalents | (18,077) | (22,947) |
| Cash and cash equivalents at beginning of period | 20,752 | 44,579 |
| Cash and cash equivalents at end of period | $2,675 | $21,632 |
| Supplemental disclosures of non-cash information: | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $232 | — |
| Right-of-use asset and financing lease liability reduction as a result of lease modification | — | $(70) |
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