Werewolf Therapeutics Inc
For the period ended Dec 31, 2024. Filed Mar 11, 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.
FY2024 · Filed Mar 11, 2025
HOWL$0.97-4.0%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
Consolidated Statements of Cash Flows
(amounts in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(70,515) | $(37,368) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 8,826 | 8,008 |
| Depreciation expense | 1,814 | 1,764 |
| Non-cash interest expense | 1,342 | 273 |
| Non-cash lease expense | 887 | 1,575 |
| Loss on extinguishment of debt | 553 | — |
| Change in fair value of derivative liability | (1,621) | — |
| Change in fair value of success payment liability | — | (1,030) |
| Amortization of debt issuance costs | — | 60 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other assets | 669 | 1,267 |
| Other receivables | 1,350 | 5,578 |
| Accounts payable, accrued expenses and other liabilities | 3,455 | (4,335) |
| Deferred revenue | (1,340) | (6,320) |
| Operating lease liability | (1,608) | (2,084) |
| Net cash used in operating activities | (56,188) | (32,612) |
| Investing activities: | ||
| Purchases of property and equipment | (254) | (769) |
| Net cash used in investing activities | (254) | (769) |
| Financing activities: | ||
| Proceeds from at the market offering of common stock, net of issuance costs | 23,576 | 18,329 |
| Proceeds from drawdown of term loans | 30,000 | 40,000 |
| Payment of debt issuance costs | (673) | — |
| Repayment of term loan | (40,000) | — |
| Proceeds from issuances under Employee Stock Purchase Plan | 142 | 93 |
| Proceeds from stock option exercises | 35 | 7 |
| Net cash provided by financing activities | 13,080 | 58,429 |
| Net (decrease) increase in cash, cash equivalents and restricted cash and cash equivalents | (43,362) | 25,048 |
| Cash, cash equivalents and restricted cash and cash equivalents—beginning of period | 155,577 | 130,529 |
| Cash, cash equivalents and restricted cash and cash equivalents—end of period | $112,215 | $155,577 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $3,358 | $2,556 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Purchases of property and equipment in accounts payable and accrued expenses | $— | $76 |
| Issuance costs in accounts payable and accrued expenses | $84 | $36 |
| Fair value of derivative liability issued with term loan | $4,450 | $— |
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