Company: PGEN
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001356090-25-000024
Chunk: 19

Company: PRECIGEN, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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718)Changes in operating assets and liabilities:Receivables:Trade599 391 Other(4)490 Prepaid expenses910 1,158 Other assets(215)55 Accounts payable684 3,178 Accrued compensation and benefits1,662 1,468 Other accrued liabilities5,378 (235)Deferred revenue(291)(131)Lease liabilities(99)303 Settlement and indemnification accruals— (1,862)Net cash used in operating activities(35,302)(37,197)

The accompanying notes are an integral part of these condensed consolidated financial statements.

10

Precigen, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

 Six Months Ended  June 30,(Amounts in thousands)20252024Cash flows from investing activitiesPurchases of investments$(38,875)$(51,664)Sales and maturities of investments62,448 97,335 Purchases of property, plant and equipment(1,588)(6,674)Proceeds from sale of assets— 3 Net cash provided by investing activities21,985 39,000 Cash flows from financing activitiesPayment of issuance cost related to 2024 public offering of shares(355)— Payments to taxing authorities in connection with shares directly withheld from employees(1,776)— Proceeds from stock option exercises223 52 Payment of issuance costs related to Series A Preferred Stock(537)— Net cash (used in) provided by financing activities(2,445)52 Effect of exchange rate changes on cash, cash equivalents, and restricted cash5 (95)Net (decrease) increase in cash, cash equivalents, and restricted cash(15,757)1,760 Cash, cash equivalents, and restricted cashBeginning of period29,517 7,848 End of period$13,760 $9,608 Supplemental disclosure of cash flow informationCash paid during the period for interest$— $5 Cash paid during the period for income taxes3 4 Significant noncash activitiesAccrued compensation paid in equity awards$3,578 $3,039 Purchases of property and equipment included in accounts payable and other accrued liabilities$254 $1,171 Proceeds from sale of assets included in accounts receivable— 57 

The accompanying notes are an integral part of these condensed