AARD: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net loss	-39,993	-23,677
Credit loss - related party accounts receivable	0	0
Stock-based compensation expense	2,367	867
Non-cash lease expense	296	213
Unrealized (gain) loss on short-term investments	14	-22
Amortization of discount on short-term investments	1,073	701
Depreciation expense	26	16
Prepaid expenses and other assets	5,591	4,278
Accounts payable	2,611	3,223
Accrued liabilities	4,243	3,217
Operating lease liability	-234	-134
Net cash used in operating activities	-37,362	-21,232
Purchases of short-term investments	124,651	124,651
Maturities/sales of short-term investments	50,777	21,527
Purchases of property and equipment	95	91
Net cash used in investing activities	-73,969	-103,215
Proceeds from sale and issuance of common stock in initial public offering, net of underwriting discounts	91,075	91,075
Financing costs paid in connection with issuance	2,387	2,387
Proceeds from sale and issuance of series c convertible preferred stock	0	0
Financing costs paid in connection with issuance of series c convertible preferred stock	0	0
Proceeds from exercises of common stock options	287	116
Net cash provided by financing activities	88,975	88,804
Net (decrease) increase in cash and cash equivalents	-22,356	-35,643
Cash and cash equivalents at beginning of period	61,641	-
Cash and cash equivalents at end of period	39,285	-

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

AARD: the cashflow