Senti Biosciences Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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 14, 2024
SNTI$0.14-11.5%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
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(52,180) | $(52,342) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 2,901 | 2,569 |
| Amortization of operating lease right-of-use assets | 1,491 | 1,386 |
| Accretion of discount on short-term investments | — | (1,069) |
| Gain on disposal of business | — | (21,862) |
| Change in fair value of contingent earnout liability | — | (207) |
| Change in fair value of GeneFab Note Receivable - related party | 17,240 | (287) |
| Change in fair value of GeneFab Economic Share - related party | 1,816 | 123 |
| Change in fair value of GeneFab Option - related party | (6,331) | (5,629) |
| Impairment of long-lived assets | 313 | 25,691 |
| Stock-based compensation expense | 1,150 | 7,606 |
| Loss on sale of property and equipment - related party | 107 | — |
| Other non-cash charges, net | 98 | (21) |
| Changes in assets and liabilities: | ||
| Accounts receivable | (53) | 509 |
| GeneFab receivable - related party | (132) | (2,602) |
| GeneFab prepaid expenses - related party | 10,915 | 1,586 |
| Prepaid expenses and other assets | 1,116 | (141) |
| Accounts payable | (442) | 465 |
| Accrued expenses and other current liabilities | (2,702) | (1,195) |
| GeneFab sublease deferred income - related party | (350) | 747 |
| Deferred revenue | — | (799) |
| Operating lease liabilities | (2,963) | 114 |
| Other liabilities, net of current portion | 113 | — |
| Net cash used in operating activities | (27,893) | (45,358) |
| Cash flows from investing activities | ||
| Purchases of short-term investments | — | (17,990) |
| Maturities of short-term investments | — | 60,000 |
| Purchases of property and equipment | (15) | (12,034) |
| Proceeds from sale of property and equipment | 60 | — |
| Net cash provided by investing activities | 45 | 29,976 |
| Cash flows from financing activities | ||
| Proceeds from CIRM Grant | 2,430 | — |
| Proceeds from issuance of common stock under Common Stock Purchase Agreement | 10 | 308 |
| Principal finance lease payments | — | (85) |
| Net cash provided by financing activities | 2,440 | 223 |
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Net decrease in cash, cash equivalents and restricted cash | (25,408) | (15,159) |
| Cash, cash equivalents, and restricted cash, beginning of period | 39,448 | 60,987 |
| Cash, cash equivalents, and restricted cash, end of period | $14,040 | $45,828 |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $10,479 | $39,430 |
| Restricted cash | 3,561 | 6,398 |
| Total | $14,040 | $45,828 |
| Supplemental disclosures of noncash investing and financing and items | ||
| Purchases of property and equipment in accounts payable and accrued expenses | $— | $3 |
| Receivable in prepaid expenses and other current assets | $52 | $— |
| Refer to Note 3. GeneFab Transaction, for details of non-cash items | ||
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