OmniAb, Inc.
For the period ended Dec 31, 2024. Filed Mar 18, 2025.
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FY2024 · Filed Mar 18, 2025
OABI$5.10-3.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(62,033) | $(50,619) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 23,583 | 19,497 |
| Share-based compensation | 21,499 | 24,820 |
| Amortization of discounts on short-term investments, net | (1,498) | (3,441) |
| Deferred income taxes, net | (9,040) | (12,540) |
| Change in estimated fair value of contingent liabilities | (2,547) | (341) |
| Other | 544 | 100 |
| Changes in operating assets and liabilities, net | ||
| Accounts receivable, net | (625) | 26,898 |
| Prepaid expenses and other current assets | 642 | 2,321 |
| Other long-term assets | 645 | 642 |
| Accounts payable, accrued expenses, and other liabilities | (2,410) | 920 |
| Operating lease liabilities | (2,436) | (563) |
| Deferred revenue | (5,988) | (5,347) |
| Net cash provided by (used in) operating activities | (39,664) | 2,347 |
| Investing activities: | ||
| Purchases of property and equipment | (1,875) | (1,644) |
| Purchases of short-term investments | (40,288) | (112,616) |
| Proceeds from the maturity of short-term investments | 78,000 | 96,900 |
| Proceeds from sale of short-term investments | 2,447 | 3,424 |
| Payments of contingent liabilities | (400) | (4,440) |
| Net cash provided by (used in) investing activities | 37,884 | (18,376) |
| Financing activities: | ||
| Proceeds from issuance of common stock from stock compensation plans | 3,257 | 1,205 |
| Taxes paid related to net share settlement of equity awards | (960) | (1,324) |
| Payments of contingent liabilities | (75) | (300) |
| Payment of transaction costs | (571) | (473) |
| Proceeds from issuance of common stock under ATM facility, net of commissions | 11,369 | — |
| Net cash provided by (used in) financing activities | 13,020 | (892) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 11,240 | (16,921) |
| Cash, cash equivalents and restricted cash at beginning of year | 16,918 | 33,839 |
| Cash, cash equivalents and restricted cash at end of year | $28,158 | $16,918 |
| Supplemental cash flow information: | ||
| Right-of-use assets obtained in exchange for operating lease obligations | $39 | $328 |
| Deferred revenue recorded in accounts receivable | $732 | $517 |
| Taxes paid | $16 | $2,614 |
| Supplemental non-cash investing and financing activities: | ||
| Purchase of fixed assets recorded in accounts payable | $77 | $667 |
| Intangible additions recorded in contingent liabilities | $— | $1,476 |
| Transaction cost recorded in accounts payable | $15 | $370 |
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