Entrada Therapeutics Inc
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
TRDA$5.25+11.9%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
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(6,685) | $(94,616) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 2,841 | 1,895 |
| Stock‑based compensation expense | 13,111 | 9,895 |
| Net amortization of premium (accretion of discount) on marketable securities | (5,779) | 151 |
| Changes in operating assets and liabilities: | ||
| Collaboration receivable | (5,878) | — |
| Prepaid expenses and other current assets | 8,622 | (14,022) |
| Right-of-use assets, operating leases | 11,989 | 7,651 |
| Other non-current assets | (11,563) | (4,338) |
| Accounts payable | (2,805) | 5,287 |
| Accrued expenses and other current liabilities | 3,812 | 1,762 |
| Income taxes payable | 4,024 | — |
| Deferred revenue | 139,976 | — |
| Operating lease liabilities | (11,862) | (7,451) |
| Net cash provided by (used in) operating activities | 139,803 | (93,786) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (5,614) | (2,887) |
| Purchases of marketable securities | (407,207) | (221,977) |
| Maturities of marketable securities | 274,426 | 76,214 |
| Net cash used in investing activities | (138,395) | (148,650) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock in connection with the Vertex Agreement | 19,407 | — |
| Proceeds from exercise of stock options | 1,187 | 195 |
| Proceeds from issuance of common stock under the employee stock purchase plan | 443 | 284 |
| Net cash provided by financing activities | 21,037 | 479 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 22,445 | (241,957) |
| Cash, cash equivalents and restricted cash at beginning of year | 49,107 | 291,064 |
| Cash, cash equivalents and restricted cash at end of year | $71,552 | $49,107 |
| Supplemental cash flow disclosures: | ||
| Purchases of property and equipment included in accounts payable and accrued expenses | $208 | $88 |
| Right-of-use assets obtained in exchange for operating lease liabilities | $77,584 | $— |
| Right-of-use assets surrendered as part of lease modification | $9,445 | $— |
| Recognition of right-of-use assets upon adoption of ASC 842 | $— | $32,991 |
| Transfer of deposits for equipment from operating to investing cash flows | $617 | $495 |
| Vesting of options early exercised subject to repurchase | $91 | $135 |
| Cash paid for income taxes | $14,717 | $— |
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