Zymeworks Inc
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
ZYME$31.46+2.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(Expressed in thousands of U.S. dollars)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(31,653) | $(24,353) |
| Items not involving cash: | ||
| Depreciation of property and equipment | 1,061 | 1,584 |
| Amortization of intangible assets | 702 | 679 |
| Stock-based compensation expense | 3,552 | 2,325 |
| Amortization of operating lease right-of-use assets | 549 | 637 |
| Deferred income tax (recovery) expense | (38) | 9 |
| Change in fair value of contingent consideration liability | (700) | 499 |
| Unrealized foreign exchange gain | (487) | (298) |
| Changes in non-cash operating working capital: | ||
| Accounts receivable | (11,468) | (33,516) |
| Prepaid expenses and other current assets | (227) | (1,671) |
| Accounts payable and accrued liabilities | 2,284 | (28,266) |
| Operating lease liabilities | (1,035) | (820) |
| Deferred revenue and other consideration | (259) | — |
| Income taxes payable | 50 | — |
| Net cash used in operating activities | (37,669) | (83,191) |
| Cash flows from financing activities: | ||
| Issuance of common stock on exercise of stock options | 1,743 | 1,516 |
| Issuance of common stock through employee stock purchase plan | 386 | 236 |
| Finance lease payments | (6) | (14) |
| Net cash provided by financing activities | 2,123 | 1,738 |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (66,509) | (182,055) |
| Proceeds from marketable securities | 59,847 | 44,219 |
| Acquisition of property and equipment | (185) | (386) |
| Acquisition of intangible assets | (469) | — |
| Net cash used in investing activities | (7,316) | (138,222) |
| Effect of exchange rate changes on cash and cash equivalents | 119 | 346 |
| Net change in cash and cash equivalents | (42,743) | (219,329) |
| Cash and cash equivalents, beginning of period | 157,557 | 400,912 |
| Cash and cash equivalents, end of period | $114,814 | $181,583 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.