Alto Neuroscience, Inc.
For the period ended Dec 31, 2024. Filed Mar 20, 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 20, 2025
ANRO$28.61+2.9%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
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(61,431) | $(36,305) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 7,631 | 2,891 |
| Depreciation and amortization | 502 | 373 |
| Non-cash research and development license expense | 735 | — |
| Non-cash lease expense | 337 | 280 |
| Non-cash interest expense related to term loan | 393 | 396 |
| Loss on disposal of assets | 52 | 140 |
| Change in other, net | 297 | (525) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other assets | (463) | 291 |
| Accounts payable | 516 | (632) |
| Accrued liabilities and other liabilities | 4,007 | (357) |
| Net cash used in operating activities | (47,424) | (33,448) |
| Cash Flows from Investing Activities: | ||
| Capital expenditures | (2,075) | (470) |
| Net cash used in investing activities | (2,075) | (470) |
| Cash Flows from Financing Activities: | ||
| Proceeds from issuance of common stock from initial public offering | 137,579 | — |
| Payments of initial public offering costs | (3,225) | (1,393) |
| Issuance of convertible preferred stock | — | 70,000 |
| Payments on issuance cost from Series B and Series C preferred stock financings | (100) | (658) |
| Proceeds from Convertible Grant Agreement | 1,250 | — |
| Proceeds from exercise of stock options | 187 | 181 |
| Net cash provided by financing activities | 135,691 | 68,130 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (11) | (8) |
| Net increase in cash, cash equivalents and restricted cash | 86,181 | 34,204 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 82,548 | 48,344 |
| Cash, cash equivalents and restricted cash at the end of the period | $168,729 | $82,548 |
| Supplemental Disclosure of Non-cash Activities | ||
| Deferred offering and share issue costs not yet paid | $8 | $916 |
| Conversion of preferred stock into common stock upon completion of initial public offering | $141,477 | $— |
| Reclassification of preferred warrant liability to equity | $1,595 | $— |
| Reclassification of deferred offering costs to equity | $1,393 | $— |
| Operating right-of-use asset obtained in exchange for lease obligation | $5,246 | $— |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for interest | $999 | $912 |
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