LONA: the cash flow

MyFinsight

For the quarter ending 2026-03-31, LONA had -$36,443K decrease in cash & cash equivalents over the period.

Cash Flow	2026-03-31	2025-12-31
Net loss	-32,948	-105,609
Non-cash consideration for acquired in-process research and development	-	67,659
Milestone liability change in fair value	-929	-
Change in fair value of sermonix pre-funded warrant	16,320	4,579
Stock-based compensation	662	6,102
Depreciation expense	231	972
Non-cash lease expense	74	273
Amortization of premiums and accretion of discounts on available-for-sale securities, net	260	329
Prepaid expenses and other current and long-term assets, net	396	-2,439
Accounts payable and accrued liabilities	-3,362	-21,342
Operating lease liability	-112	-414
Other long-term liabilities	-183	-59
Net cash used in operating activities	-20,903	-45,729
Purchases of available-for-sale securities	20,615	37,643
Maturities of available-for-sale securities	5,075	21,749
Net cash (used in) provided by investing activities	-15,540	-15,894
Proceeds from exercise of common stock options and issuance of common stock under employee stock purchase plan	-	37
Proceeds from pipe financing	-	89,991
Issuance costs from pipe financing	-	7,567
Net cash provided by financing activities	-	82,461
Net increase (decrease) in cash, cash equivalents and restricted cash	-36,443	20,838
Cash, cash equivalents and restricted cash, beginning of period	69,907	49,069
Cash, cash equivalents and restricted cash, end of period	33,464	69,907

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