Sionna Therapeutics, 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
SION$3.70+3.6%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 | $(61,688) | $(47,263) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Non-cash expense related to IPR&D acquisition | 8,639 | — |
| Stock-based compensation expense | 3,708 | 2,259 |
| Non-cash operating lease expense | 1,962 | 2,184 |
| Amortization of discount on marketable securities | (3,001) | (679) |
| Depreciation expense | 668 | 583 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (2,760) | 333 |
| Accounts payable | 467 | 162 |
| Accrued expenses | 1,080 | (1,106) |
| Operating lease liabilities | (1,897) | (172) |
| Other assets | 35 | — |
| Net cash used in operating activities | (52,787) | (43,699) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (27) | (1,116) |
| Purchases of marketable securities | (182,841) | (23,532) |
| Maturities of marketable securities | 55,955 | 52,000 |
| Net cash (used in) provided by investing activities | (126,913) | 27,352 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of Series C convertible preferred stock, net of issuance costs | 181,328 | — |
| Payment of deferred offering costs | (2,502) | — |
| Exercise of common stock options | 141 | 31 |
| Net cash provided by financing activities | 178,967 | 31 |
| Net decrease in cash, cash equivalents and restricted cash | (733) | (16,316) |
| Cash, cash equivalents and restricted cash at beginning of period | 39,483 | 55,799 |
| Cash, cash equivalents and restricted cash at end of period | $38,750 | $39,483 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Deferred offering costs in accrued expenses | $492 | $— |
| Right-of use asset obtained in exchange for new operating lease liability | — | 9,516 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $37,788 | $38,521 |
| Restricted cash | 962 | 962 |
| Total cash, cash equivalents, and restricted cash | $38,750 | $39,483 |
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