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Veradermics MANE Proceeds from Notes Payable

Other financials

Income statement

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Operating income-$29.9M-131%
Net income-$27.2M-120%
EPS (diluted)-$1.32+93.3%

Balance sheet

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Cash & equivalents$168.4M+419%
Total debt$4.0K
Total equity$390.6M+744%
Total assets$397.4M

Cash flow

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Operating cash flow-$21.2M-59.0%
CapEx--100%
Free cash flow-$21.2M-58.7%

Valuation

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Market cap$3.92B

Returns & leverage

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Return on equity-28.7%
Current ratio59.1×

Questions, answered.

What does proceeds from notes payable mean?
Cash inflows received from the issuance of short-term or long-term debt instruments, such as notes payable. This represents a source of external financing used to supplement cash reserves. It highlights the company's reliance on debt markets to fund operations or capital projects.