(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of principal executive offices) | (Zip code) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Exhibit Number | Description | |||||||
104 | Cover page Interactive Data File (embedded with the Inline XBRL document) |
NAUTILUS BIOTECHNOLOGY, INC. | ||||||||
By: | /s/ Sujal Patel | |||||||
Name: | Sujal Patel | |||||||
Title: | Chief Executive Officer |
Nautilus Biotechnology, Inc. Condensed Consolidated Balance Sheets As of March 31, 2024 and December 31, 2023 (Unaudited) |
(in thousands, except share and per share amounts) | March 31, 2024 | December 31, 2023 | |||||||||
Assets | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 25,729 | $ | 19,397 | |||||||
Short-term investments | 155,637 | 154,021 | |||||||||
Prepaid expenses and other current assets | 3,728 | 3,419 | |||||||||
Total current assets | 185,094 | 176,837 | |||||||||
Property and equipment, net | 4,525 | 4,267 | |||||||||
Operating lease right-of-use assets | 31,559 | 32,634 | |||||||||
Long-term investments | 66,292 | 90,647 | |||||||||
Other long-term assets | 1,180 | 1,180 | |||||||||
Total assets | $ | 288,650 | $ | 305,565 | |||||||
Liabilities and Stockholders' Equity | |||||||||||
Current liabilities: | |||||||||||
Accounts payable | $ | 1,860 | $ | 1,639 | |||||||
Accrued expenses and other liabilities | 3,677 | 3,945 | |||||||||
Current portion of operating lease liabilities | 3,675 | 3,538 | |||||||||
Total current liabilities | 9,212 | 9,122 | |||||||||
Operating lease liabilities, net of current portion | 29,946 | 31,090 | |||||||||
Total liabilities | 39,158 | 40,212 | |||||||||
Stockholders' equity: | |||||||||||
Preferred stock | — | — | |||||||||
Common stock | 13 | 13 | |||||||||
Additional paid-in capital | 471,193 | 467,834 | |||||||||
Accumulated other comprehensive income (loss) | (745) | (255) | |||||||||
Accumulated deficit | (220,969) | (202,239) | |||||||||
Total stockholders’ equity | 249,492 | 265,353 | |||||||||
Total liabilities and stockholders' equity | $ | 288,650 | $ | 305,565 |
Nautilus Biotechnology, Inc. Condensed Consolidated Statements of Operations Three Months Ended March 31, 2024 and 2023 (Unaudited) |
Three Months Ended March 31, | |||||||||||
(in thousands, except share and per share data) | 2024 | 2023 | |||||||||
Operating expenses | |||||||||||
Research and development | $ | 12,930 | $ | 10,877 | |||||||
General and administrative | 8,677 | 7,183 | |||||||||
Total operating expenses | 21,607 | 18,060 | |||||||||
Other income (expense) | |||||||||||
Interest income | 2,877 | 3,098 | |||||||||
Other expense | — | (3) | |||||||||
Total other income | $ | 2,877 | $ | 3,095 | |||||||
Net loss | $ | (18,730) | $ | (14,965) | |||||||
Net loss per share attributable to common stockholders, basic and diluted | $ | (0.15) | $ | (0.12) | |||||||
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 125,135,451 | 124,590,351 |
Nautilus Biotechnology, Inc. Condensed Consolidated Statements of Cash Flows Three Months Ended March 31, 2024 and 2023 (Unaudited) |
Three Months Ended March 31, | |||||||||||
(in thousands) | 2024 | 2023 | |||||||||
Cash flows from operating activities | |||||||||||
Net loss | $ | (18,730) | $ | (14,965) | |||||||
Adjustments to reconcile net loss to net cash used in operating activities | |||||||||||
Stock-based compensation expense | 3,114 | 2,860 | |||||||||
Amortization of operating lease right-of-use assets | 1,075 | 786 | |||||||||
Depreciation | 516 | 385 | |||||||||
Amortization (accretion) of premium (discount) on securities, net | (751) | (669) | |||||||||
Changes in operating assets and liabilities: | |||||||||||
Prepaid expenses and other assets | (309) | (513) | |||||||||
Accounts payable | 94 | 53 | |||||||||
Accrued expenses and other liabilities | (268) | 65 | |||||||||
Operating lease liabilities | (1,007) | (526) | |||||||||
Net cash used in operating activities | (16,266) | (12,524) | |||||||||
Cash flows from investing activities | |||||||||||
Proceeds from maturities of securities | 23,000 | 14,249 | |||||||||
Purchases of securities | — | (27,052) | |||||||||
Purchases of property and equipment | (647) | (692) | |||||||||
Net cash provided by (used in) investing activities | 22,353 | (13,495) | |||||||||
Cash flows from financing activities | |||||||||||
Proceeds from exercise of stock options | 245 | 1 | |||||||||
Net cash provided by financing activities | 245 | 1 | |||||||||
Net increase (decrease) in cash, cash equivalents and restricted cash | 6,332 | (26,018) | |||||||||
Cash, cash equivalents and restricted cash at beginning of period | 20,399 | 115,477 | |||||||||
Cash, cash equivalents and restricted cash at end of period | $ | 26,731 | $ | 89,459 |
Cover |
Apr. 30, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Apr. 30, 2024 |
Entity Registrant Name | NAUTILUS BIOTECHNOLOGY, INC. |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-39434 |
Entity Tax Identification Number | 98-1541723 |
Entity Address, Address Line One | 2701 Eastlake Avenue East |
Entity Address, City or Town | Seattle |
Entity Address, State or Province | WA |
Entity Address, Postal Zip Code | 98102 |
City Area Code | 206 |
Local Phone Number | 333-2001 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.0001 per share |
Trading Symbol | NAUT |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity Central Index Key | 0001808805 |
Amendment Flag | false |
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