AARD: the cashflow

MyFinsight

For the quarter ending 2025-09-30, AARD had $13,287K increase in cash & cash equivalents over the period. -$16,134K in free cash flow.

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

Cash Flow	2025-09-30	2025-06-30
Net loss	-16,316	-23,677
Credit loss - related party accounts receivable	0	0
Stock-based compensation expense	1,500	867
Non-cash lease expense	83	213
Unrealized (gain) loss on short-term investments	36	-22
Amortization of discount on short-term investments	372	701
Depreciation expense	10	16
Prepaid expenses and other assets	1,313	4,278
Accounts payable	-612	3,223
Accrued liabilities	1,026	3,217
Operating lease liability	-100	-134
Net cash used in operating activities	-16,130	-21,232
Purchases of short-term investments	0	124,651
Maturities/sales of short-term investments	29,250	21,527
Purchases of property and equipment	4	91
Net cash used in investing activities	29,246	-103,215
Proceeds from sale and issuance of common stock in initial public offering, net of underwriting discounts	0	91,075
Financing costs paid in connection with issuance	0	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	171	116
Net cash provided by financing activities	171	88,804
Net (decrease) increase in cash and cash equivalents	13,287	-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