Akili Inc. (AKLI) Financial Statements (2024 and earlier)

Company Profile

Business Address 71 COMMERCIAL STREET
BOSTON, MA 02109
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments75,150136,131428
Cash and cash equivalents75,15054,097428
Short-term investments  82,034 
Restricted cash and investments305305 
Receivables30041 
Prepaid expense 1,0081,892504
Other current assets 1,2671,976 
Other undisclosed current assets 697 
Total current assets:78,030141,042932
Noncurrent Assets
Operating lease, right-of-use asset1,5772,596 
Property, plant and equipment680919 
Restricted cash and investments   250,008
Other undisclosed noncurrent assets96 248
Total noncurrent assets:2,3533,515250,256
TOTAL ASSETS:80,383144,557251,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6118,2975
Accounts payable1,2852,6815
Accrued liabilities3,3265,616 
Deferred revenue100106 
Debt7,5004,375 
Due to related parties 10
Other undisclosed current liabilities7568261,975
Total current liabilities:12,96713,6041,990
Noncurrent Liabilities
Long-term debt and lease obligation5,49912,276 
Long-term debt, excluding current maturities5,49912,276 
Liabilities, other than long-term debt1,7532,485 
Other liabilities23  
Operating lease, liability1,7302,485 
Other undisclosed noncurrent liabilities1,6325,5137,700
Total noncurrent liabilities:8,88420,2747,700
Total liabilities:21,85133,8789,690
Temporary equity, carrying amount   250,008
Equity
Equity, attributable to parent, including:58,532110,679(8,510)
Common stock88 
Additional paid in capital358,305350,980 
Accumulated other comprehensive loss  (21) 
Accumulated deficit(299,781)(240,288)(8,511)
Other undisclosed equity, attributable to parent   1
Total equity:58,532110,679(8,510)
TOTAL LIABILITIES AND EQUITY:80,383144,557251,188

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues1,678323 
Cost of revenue(819)(441) 
Gross profit:859(118) 
Operating expenses(65,344)(90,559) 
Operating loss:(64,485)(90,677) 
Nonoperating income5,04582,732 
Other nonoperating income4,0401,482 
Interest and debt expense(2,358)(1,484) 
Loss from continuing operations before equity method investments, income taxes:(61,798)(9,429) 
Other undisclosed income from continuing operations before income taxes2,3581,484 
Loss from continuing operations before income taxes:(59,440)(7,945) 
Income tax expense (53)(19) 
Other undisclosed loss from continuing operations   
Net loss attributable to parent:(59,493)(7,964) 
Preferred stock dividends and other adjustments  (11,075) 
Other undisclosed net income available to common stockholders, basic   
Net loss available to common stockholders, diluted:(59,493)(19,039) 

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(59,493)(7,964) 
Other comprehensive income (loss)21(21) 
Other undisclosed comprehensive income   
Comprehensive loss:(59,472)(7,985) 
Other undisclosed comprehensive loss, net of tax, attributable to parent   
Comprehensive loss, net of tax, attributable to parent:(59,472)(7,985) 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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