Talphera Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3.46	8.86	5.72	15.28	7.66	27.27
Short-Term Investments	17.83	-	3.66	0.5	38.97	15.61
Cash & Short-Term Investments	21.29	8.86	9.38	15.77	46.63	42.89
Cash Growth	91.50%	-5.52%	-40.51%	-66.18%	8.73%	-35.16%
Accounts Receivable	-	-	-	-	-	0.64
Receivables	-	-	-	-	-	0.64
Inventory	-	-	-	-	-	1.63
Prepaid Expenses	0.63	0.55	2.2	1.87	2.01	1.68
Restricted Cash	-	-	-	5	-	-
Other Current Assets	-	-	-	1.93	1.85	-
Total Current Assets	21.92	9.42	11.58	24.57	50.49	46.83
Property, Plant & Equipment	-	-	-	-	5.18	18.81
Long-Term Deferred Charges	8.82	8.82	8.82	8.82	-	-
Other Long-Term Assets	-	-	-	14.1	22.23	0.66
Total Assets	30.74	18.24	20.4	47.49	77.89	66.3
Accounts Payable	0.53	0.67	1.34	1.26	0.92	2.74
Accrued Expenses	2.04	1.25	2.45	2.53	3.43	4.89
Current Portion of Long-Term Debt	-	-	-	5.36	8.33	8.84
Current Portion of Leases	-	-	-	-	0.18	1.12
Current Unearned Revenue	-	-	-	-	-	0.05
Other Current Liabilities	0.65	0.72	0.73	4.62	5.65	-
Total Current Liabilities	3.21	2.65	4.51	13.77	18.51	17.64
Long-Term Debt	6.5	6.53	-	-	90.3	101.51
Long-Term Leases	-	-	-	-	0.1	2.61
Other Long-Term Liabilities	1.85	1.06	1.78	11.9	4.88	0.3
Total Liabilities	11.57	10.24	6.29	25.67	113.79	122.05
Common Stock	0.05	0.02	0.02	0.01	0.01	0.1
Additional Paid-In Capital	486.88	465.21	458.31	447.64	437.68	382.64
Retained Earnings	-467.75	-457.23	-444.23	-425.83	-473.58	-438.49
Shareholders' Equity	19.18	8	14.11	21.81	-35.89	-55.75
Total Liabilities & Equity	30.74	18.24	20.4	47.49	77.89	66.3
Total Debt	6.5	6.53	-	5.36	98.91	114.07
Net Cash (Debt)	14.79	2.34	9.38	10.41	-52.28	-71.18
Net Cash Growth	222.22%	-75.10%	-9.86%	-	-	-
Net Cash Per Share	0.46	0.09	0.66	1.41	-8.72	-16.70
Filing Date Shares Outstanding	46.61	17.1	16.97	10.92	7.35	5.95
Total Common Shares Outstanding	45.59	17.03	16.95	8.24	6.84	4.94
Working Capital	18.71	6.77	7.06	10.8	31.98	29.2
Book Value Per Share	0.42	0.47	0.83	2.65	-5.25	-11.28
Tangible Book Value	19.18	8	14.11	21.81	-35.89	-55.75
Tangible Book Value Per Share	0.42	0.47	0.83	2.65	-5.25	-11.28
Machinery	-	-	-	-	3.61	7.53
Construction In Progress	-	-	-	-	4.87	14.1
Leasehold Improvements	-	-	-	-	-	4.62

Source: S&P Global Market Intelligence. Standard template. Financial Sources.