Final NMRA Deadline Reminder: April 7, 2025 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check, LLP
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected].
DEFENDANTS' ALLEGED MISCONDUCT:
The complaint alleges that, in the Offering Documents, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) in order for Neumora to justify conducting its Phase Three Program, Neumora was forced to amend the original Phase Two Trial inclusion criteria to include a patient population with moderate to severe major depressive disorder ('MDD') to show that Navacaprant offered a statistically significant improvement in treating MDD; (2) Neumora also added a prespecified analysis to the Phase Two statistical analysis plan, focusing on patients suffering from moderate to severe MDD; and (3) the Phase Two Trials lacked adequate data, particularly in regards to the patient population size and the ratio of male to female patients within the patient population, to be able to accurately predict the results of the KOASTAL-1 study.
THE LEAD PLAINTIFF PROCESS:
Neumora investors may, no later than April 7, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)(In thousands, except per share amounts) Three Months Ended Six Months Ended June 30,2025 March 31,2025 June 30,2024 June 30,2025 June 30,2024 Revenue $ 191,925 $ 159,442 $ 76,850 $ 351,367 $ 142,108 Cost of revenue 46,362 40,031 16,996 86,393 31,734 Gross profit 145,563 119,411 59,854 264,974 110,374 Operating expenses Research and development 66,724 64,554 40,089 131,278 93,647 Sales and marketing 18,609 21,702 22,076 40,311 77,586 General and administrative 20,456 21,870 22,036 42,326 46,455 Total operating expenses 105,789 108,126 84,201 213,915 217,688 Operating income (loss) 39,774 11,285 (24,347 ) 51,059 (107,314 ) Interest income 10,885 10,432 10,264 21,317 12,818 Income (loss) before income taxes 50,659 21,717 (14,083 ) 72,376 (94,496 ) Income tax (benefit) provision (560 ) (10,102 ) (6,537 ) (10,662 ) 6,045 Net income (loss) $ 51,219 $ 31,819 $ (7,546 ) $ 83,038 $ (100,541 ) Net income (loss) per share attributable to common stockholders: Basic $ 0.31 $ 0.19 $ (0.05 ) $ 0.51 $ (0.97 ) Diluted $ 0.29 $ 0.18 $ (0.05 ) $ 0.47 $ (0.97 ) Weighted-average shares used in calculating net income (loss) per share attributable to common stockholders: Basic 165,428 163,194 155,199 164,316 103,865 Diluted 178,100 178,116 155,199 178,281 103,865 ASTERA LABS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands) Six Months Ended June 30,2025 June 30,2024 Cash flows from operating activities Net income (loss) $ 83,038 $ (100,541 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities Stock-based compensation 77,920 140,835 Depreciation and amortization 2,517 1,331 Non-cash operating lease expense 1,522 1,106 Warrants contra revenue 2,136 443 Accretion of discounts on marketable securities (4,489 ) (1,670 ) Other, net 734 1,526 Changes in operating assets and liabilities: Accounts receivable, net 14,491 (13,898 ) Inventory (14,577 ) (5,970 ) Prepaid expenses and other assets (18,474 ) (5,396 ) Accounts payable 4,607 5,831 Accrued expenses and other liabilities (1,592 ) 10,930 Operating lease liability (1,963 ) (1,062 ) Net cash provided by operating activities 145,870 33,465 Cash flows from investing activities Purchases of property and equipment (6,562 ) (2,100 ) Purchases of marketable securities (404,682 ) (345,756 ) Sales and maturities of marketable securities 343,611 41,134 Net cash used in investing activities (67,633 ) (306,722 ) Cash flows from financing activities Proceeds from issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions — 672,198 Payment of deferred offering costs — (4,801 ) Tax withholding related to net share settlements of restricted stock units — (20,111 ) Proceeds from exercises of stock options, net of repurchases 778 1,949 Proceeds from employee stock purchase plan 4,345 — Net cash provided by financing activities 5,123 649,235 Net increase in cash, cash equivalents, and restricted cash 83,360 375,978 Cash, cash equivalents, and restricted cash Beginning of the period 80,044 45,098 End of the period $ 163,404 $ 421,076 ASTERA LABS, INC. 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SUPPLEMENTAL FINANCIAL INFORMATION STOCK-BASED COMPENSATION EXPENSE (Unaudited) (In thousands) Three Months Ended Six Months Ended June 30,2025 March 31,2025 June 30,2024 June 30,2025 June 30,2024 Cost of revenue $ 353 $ (38 ) $ 84 $ 315 $ 612 Research and development 17,852 19,186 12,971 37,038 42,978 Sales and marketing 9,194 12,319 15,758 21,513 65,016 General and administrative 8,075 10,979 14,254 19,054 32,229 Total stock-based compensation expense (1) $ 35,474 $ 42,446 $ 43,067 $ 77,920 $ 140,835 ____________________(1) Stock-based compensation expense recognized during the six months ended June 30, 2024 included $88.9 million of cumulative stock-based compensation expense related to the time-based vesting and settlement of RSUs that had previously met the time-based vesting condition and for which the liquidity event vesting condition was satisfied in connection with our IPO. 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