Crinetics Pharmaceuticals Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Consolidated Balance Sheets
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(In thousands, except per share amounts)
| Assets | ||
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $54,897 | $32,672 |
| Investment securities, amortized cost of $502,681 at December 31, 2023 and $305,684 at December 31, 2022 | 503,658 | 301,753 |
| Prepaid expenses and other current assets | 15,598 | 10,759 |
| Total current assets | 574,153 | 345,184 |
| Property and equipment, net | 10,881 | 3,500 |
| Operating lease right-of-use assets | 46,549 | 1,486 |
| Derivative asset | — | 668 |
| Investment in Radionetics | 470 | — |
| Restricted cash | 1,300 | 1,301 |
| Other assets | 2,000 | 37 |
| Total assets | $635,353 | $352,176 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $23,196 | $15,351 |
| Accrued compensation and related expenses | 14,517 | 9,081 |
| Deferred revenue | 2,056 | 2,240 |
| Operating lease liabilities | 4,173 | 1,051 |
| Total current liabilities | 43,942 | 27,723 |
| Operating lease liabilities, non-current | 47,555 | 2,024 |
| Deferred revenue, non-current | 4,750 | 6,101 |
| Total liabilities | 96,247 | 35,848 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par; 10,000 shares authorized, no shares issued or outstanding at December 31, 2023 or 2022 | — | — |
| Common stock and paid-in capital, $0.001 par; 200,000 shares authorized, 68,175 shares issued and outstanding at December 31, 2023; 53,877 shares issued and outstanding at December 31, 2022 | 1,191,831 | 759,432 |
| Accumulated other comprehensive income (loss) | 977 | (3,931) |
| Accumulated deficit | (653,702) | (439,173) |
| Total stockholders’ equity | 539,106 | 316,328 |
| Total liabilities and stockholders’ equity | $635,353 | $352,176 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.