Company: MLTX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001821586-25-000011
Chunk: 11

Company: MoonLake Immunotherapeutics
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)March 31, 2025 (Unaudited)December 31, 2024Current assetsCash and cash equivalents$271,566$180,426Short-term marketable debt securities208,564267,601Other receivables2,9882,844Prepaid expenses23,14623,418Total current assets506,264474,289Non-current assetsOperating lease right-of-use assets2,5892,922Property and equipment, net711722Other non-current assets1,698—Total non-current assets4,9983,644Total assets$511,262 $477,933Current liabilitiesTrade and other payables$12,006 $8,992 Accrued expenses and other current liabilities10,54312,099Short-term portion of operating lease liabilities1,4321,372Total current liabilities23,98122,463Non-current liabilitiesLong-term debt73,022—Long-term portion of operating lease liabilities1,1421,458Pension liability536621Total non-current liabilities74,7002,079Total liabilities98,68124,542Commitments and contingencies (Note 16)EquityClass A Ordinary Shares: $0.0001 par value per share; 500,000,000 shares authorized; 63,474,253 shares issued and outstanding as of March 31, 2025; 63,077,431 shares issued and outstanding as of December 31, 202466Class C Ordinary Shares: $0.0001 par value per share; 100,000,000 shares authorized; 729,320 shares issued and outstanding as of March 31, 2025; 841,269 shares issued and outstanding as of December 31, 2024——Additional paid-in capital680,664677,415Accumulated deficit(275,537)(235,593)Accumulated other comprehensive income2,3874,997Total shareholders’ equity 407,520446,825Noncontrolling interests5,0616,566Total equity412,581453,391Total liabilities and equity$511,262$477,933    

The accompanying Notes are an integral part of these Unaudited Condensed Consolidated Financial Statements.

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MOONLAKE IMMUNOTHERAPEUTICSCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(Unaudited