Risk Factors Update Summary
- Accumulated deficit increased from $292 million to $377 million as of December 31, 2023.
- Cash, cash equivalents, and investments increased from $155 million to $362 million as of December 31, 2023.
- Number of owned or co-owned patent applications increased from 77 to 92 as of December 31, 2023.
- Number of owned or in-licensed U.S. patents increased from one to two for VK2809 as of December 31, 2023.
- Number of full-time employees increased from 21 to 27 as of December 31, 2023.
- Federal net operating loss increased from $55.7 million to $98.7 million as of December 31, 2023.
- State net operating loss carryforwards increased from $37.9 million to $51.9 million as of December 31, 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1607678&owner=exclude
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