LONA: the cash flow

MyFinsight

Cash Flow	2026-03-31	2025-12-31
Net loss	-32,948	-105,609
Non-cash consideration for acquired in-process research and development	NaN	67,659
Milestone liability change in fair value	-929	NaN
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	NaN	37
Proceeds from pipe financing	NaN	89,991
Issuance costs from pipe financing	NaN	7,567
Net cash provided by financing activities	NaN	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.