MoonLake Immunotherapeutics
For the period ended Sep 30, 2024. Filed Nov 7, 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 7, 2024
MLTX$12.56-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Amounts in USD)
| Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2023 | |
|---|---|---|
| Cash flow from operating activities | ||
| Net loss | $(74,848,699) | $(36,191,727) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 83,440 | 9,869 |
| Share-based compensation expense | 5,348,062 | 5,500,499 |
| Net periodic pension benefit (gain) cost for the qualified pension plan | (2,678) | (50,740) |
| Other non-cash items | 1,189,056 | 96,364 |
| Changes in operating assets and liabilities: | ||
| Other receivables | (1,350,200) | (503,626) |
| Operating lease right-of-use assets | (5,443) | — |
| Prepaid expenses | (7,523,329) | 869,187 |
| Trade and other payables | 8,872,919 | 3,149,756 |
| Operating lease liabilities | (872,121) | (117,832) |
| Accrued expenses and other current liabilities | 995,404 | (3,195,591) |
| Net cash flow used in operating activities | (68,113,589) | (30,433,841) |
| Cash flow from investing activities | ||
| Purchase of short-term marketable debt securities | (203,334,691) | (175,732,711) |
| Proceeds from maturities of short-term marketable debt securities | 145,414,050 | 33,681,688 |
| Purchase of property and equipment | (343,953) | — |
| Net cash flow used in investing activities | (58,264,594) | (142,051,023) |
| Cash flow from financing activities | ||
| Issuance of Class A Ordinary Shares, net of transaction costs | 52,540,190 | 451,285,093 |
| Stamp duty on capital injection from MoonLake to MoonLake AG | (1,470,436) | — |
| Proceeds from options exercised under the Equity Incentive Plan | 91,298 | — |
| Buyback of unvested MoonLake AG Common Shares by MoonLake AG following an employee contract termination | (50) | — |
| Net cash flow provided by financing activities | 51,161,002 | 451,285,093 |
| Effect of movements in exchange rates on cash held | (295,865) | (140,047) |
| Net change in cash and cash equivalents | (75,513,046) | 278,660,182 |
| Cash and cash equivalents, beginning of period | 451,169,337 | 39,505,627 |
| Cash and cash equivalents, end of period | $375,656,291 | $318,165,809 |
| Supplementary disclosure of cash flow information: | ||
| Non-cash operating lease right-of-use assets obtained in exchange for lease obligations | $554,857 | $— |
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