Optinose, inc. (OPTN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Operating activities:
Net loss

-28,856

-24,995

-28,807

-27,377

-28,874

-26,381

-25,123

-24,582

-30,572

-19,551

-13,068

-8,208

-8,075

Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization

309

230

286

323

269

213

153

16

157

62

38

34

32

Stock-based compensation

2,460

2,308

2,435

2,695

2,422

2,218

2,202

2,100

2,023

3,296

771

307

722

Amortization of debt discount and issuance costs

268

276

148

121

113

113

111

107

73

4

0

0

194

Loss on sale of equipment

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-1,910

2,898

1,434

3,518

3,483

-613

-748

1,622

2,049

0

0

0

0

Grants and other receivables

0

-58

-58

166

-118

60

-29

-60

225

-178

6

-24

-141

Prepaid expenses and other assets

-425

-195

1,317

-2,438

1,342

382

-479

741

118

155

-620

-301

-1,592

Inventory

2,225

-1,006

50

-1,384

-1,419

12

1,963

1,180

1,543

1,772

241

0

0

Accounts payable

2,131

-1,928

2,325

-4,837

584

605

-351

-806

3,723

966

1,109

734

-2,417

Accrued expenses and other liabilities

-4,390

7,642

4,074

1,049

-920

2,879

-415

2,153

5,533

3,170

2,533

704

281

Cash used in operating activities

-27,968

-18,106

-15,127

-27,888

-29,694

-20,194

-24,130

-24,495

-22,998

-13,802

-8,244

-6,104

-7,530

Investing activities:
Purchases of property and equipment

70

72

62

255

168

240

569

499

382

1,196

499

621

90

Cash used in investing activities

-70

-72

-62

-255

-168

-240

-569

-499

-382

-1,196

-499

-621

-90

Financing activities:
Proceeds from long-term debt

30,000

-

-

-

0

-

-

-

-

-

-

-

-

Cash paid for financing costs

622

2,499

3,277

0

0

83

115

4,526

1,823

12,652

503

93

185

Proceeds from the sale of common stock

-

-

-

-

-

-

-

-

-

218

-218

1,712

35,000

Proceeds from long-term debt

-

-

-

-

-

-63,969

0

63,969

0

-

-

-

-

Proceeds from issuance of common stock under employee stock purchase plan

0

1,792

0

439

173

-739

739

0

0

-

-

-

-

Proceeds from the exercise of stock options

0

496

173

354

15

70

561

727

130

134

0

0

0

Cash provided by financing activities

29,378

39,831

-3,283

793

188

-83

1,185

60,170

-1,693

200,412

-721

1,619

34,815

Effects of exchange rate changes on cash and cash equivalents

-5

8

-2

-3

-6

-

-

-

-

-

-

-

-

Effects of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-1

7

-12

-6

0

Net decrease in cash, cash equivalents and restricted cash

1,335

21,661

-18,474

-27,353

-29,680

-20,494

-23,498

35,202

-25,074

-

-9,476

-5,112

27,195

Supplemental disclosure of noncash activities:
Deemed dividend

-

-

-

-

-

-

-

-

-

-

4,105

4,083

3,067

Accretion to redemption value

-

-

-

-

-

-

-

-

-

-

19

546

528

Fixed asset purchases within accounts payable and accrued expenses

218

466

-18

-111

146

-172

-61

-70

303

0

0

0

0

Recognition of initial lease liabilities

-

-

-

-

-

-82

-106

-483

671

950

-3

1,507

0

Recognition of right-of-use assets

405

-

-1,245

1,240

2,484

-

0

0

0

-

-

-

-

Recognition of lease liabilities

405

-

-1,245

1,240

2,961

-

0

0

0

-

-

-

-

Conversion of convertible notes payable and accrued interest into Series C-2 preferred stock

-

-

-

-

-

-

-

-

-

217,732

0

0

19,527