ArriVent BioPharma Inc
For the period ended Mar 31, 2024. Filed May 8, 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 8, 2024
AVBP$14.16+3.8%Stored close · as of Nov 9, 2026
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Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| | Three Months Ended | |||||
| · · March 31, | ||||||
| · 2024 · 2023 | ||||||
| Cash flows from operating activities: · · | ||||||
| Net loss | | $(17,417) | | $(12,172) | ||
| Adjustment to reconcile net loss to net cash used in operating activities: | | | | |||
| Stock-based compensation expense | | 625 | | 166 | ||
| Changes in operating assets and liabilities: | | | ||||
| Prepaid expenses and other current assets | | (508) | | (2,454) | ||
| Other assets | | (1) | | (3) | ||
| Accounts payable | | | (374) | | | (380) |
| Accrued expenses | | (963) | | (2,038) | ||
| Operating lease liabilities | | 10 | | — | ||
| Net cash used in operating activities | | (18,628) | | (16,881) | ||
| Cash flows from financing activities: | | | ||||
| Proceeds from issuance of common stock in an initial public offering, net | | 185,631 | | — | ||
| Proceeds from the exercise of stock options | | 1 | | 26 | ||
| Proceeds from the sale of Series B convertible preferred stock, net of issuance costs | | — | | 44,943 | ||
| Net cash provided by financing activities | | 185,632 | | 44,969 | ||
| | | | | | | |
| Net increase in cash and cash equivalents | | 167,004 | | 28,088 | ||
| Cash and cash equivalents at beginning of the period | | 150,389 | | 163,372 | ||
| Cash and cash equivalents at end of the period | | $317,393 | | $191,460 | ||
| | | | | | | |
| Supplemental disclosures of non-cash financing and investing activities | | | ||||
| Deferred offering costs transferred to additional paid in capital | | $2,414 | | $— | ||
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