Company: ZVRA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001434647-25-000011
Chunk: 53

Company: ZEVRA THERAPEUTICS, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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)$71,064 $(69,772)Adjustments to reconcile net income (loss) to net cash used in operating activities:Stock-based compensation expense8,350 10,888 Impairment of intangible assets58,710 — Inventory obsolescence charge11,681 5,244 Income tax expense2,948 — Depreciation and amortization expense3,692 4,741 Non-cash interest expense2,037 1,489 Fair value adjustment related to warrant and CVR liability1,379 (4,660)Accretion on investments(2,271)— Fair value adjustment related to investments(119)(64)Consulting fees paid in common stock75 399 Loss on foreign currency exchange rates126 147 Gain on sale of PRV(148,325)— Change in assets and liabilities:Accounts and other receivables(5,610)9,587 Prepaid expenses and other current assets(3,342)(452)Inventories(780)(4,159)Operating lease right-of-use assets476 389 Accounts payable and accrued expenses(15,999)(10,590)Discount and rebate liabilities4,517 4,824 Operating lease liabilities(546)(395)Other liabilities4,823 (1,031)Net cash used in operating activities(7,114)(53,415)Cash flows from investing activities:Purchases of property and equipment(866)— Disposals of property and equipment589 — Purchases of investments(222,823)(41,488)Maturities of investments91,000 24,798 Proceeds from sale of PRV150,000 — Net cash provided by (used in) investing activities17,900 (16,690)Cash flows from financing activities:Proceeds from issuance of debt, net of lender fees— 58,990 Payment of third-party debt issuance costs— (2,091)Repayment of debt— (42,700)Proceeds from insurance financing arrangements— 1,082 Proceeds from Employee Stock Purchase Plan413 643 Proceeds from issuance of stock— 64,516 Proceeds from issuance of common stock for options exercised or RSUs vested3,520 1,303 Proceeds from issuance of common stock for warrants exercised5,957 — Payments of principal on insurance financing arrangements(372)(431)Net cash provided by