AVBP: the cash flow

MyFinsight

Cash Flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Net loss	-43,320	-35,544	-34,978	-95,786
Stock-based compensation expense	5,485	3,222	3,716	5,582
Amortization/accretion of bond discounts/premiums	-559	-3,026	NaN	NaN
Prepaid expenses and other current assets	2,561	-275	6,490	6,346
Other assets	-37	NaN	NaN	NaN
Accounts payable	2,807	-8	1,869	280
Accrued expenses	-3,828	4,428	91	2,148
Operating lease liabilities	47	-5	-6	-10
Net cash used in operating activities	-41,892	-30,658	-35,798	-94,132
Purchase of short-term and long-term investments	64,383	151,180	90,369	31,385
Sales and maturities of short-term and long-term investments	67,965	79,981	39,609	82,116
Net cash used in investing activities	3,582	-71,199	-50,760	50,731
Proceeds from issuance of common stock, net of issuance costs	54,724	34,658	167,973	NaN
Proceeds from the exercise of stock options	149	84	49	369
Payment of deferred financing costs	NaN	17	-300	353
Proceeds from issuance of common stock in an initial public offering and atm facility, net of issuance costs	NaN	NaN	NaN	81,857
Net cash provided by financing activities	54,873	34,725	86,465	81,873
Net increase (decrease) in cash and cash equivalents	16,563	-67,132	-93	38,472
Cash and cash equivalents at beginning of the year	45,540	112,672	74,293	NaN
Cash and cash equivalents at end of the year	62,103	45,540	112,672	NaN

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.