ARS Pharmaceuticals (SPRY)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	39.66 mm	39.66 mm	39.66 mm	39.66 mm		39.66 mm
Cash burn (monthly)	5.45 mm	6.61 mm	7.25 mm	5.26 mm		3.07 mm
Cash used (since last report)	15.21 mm	18.46 mm	20.23 mm	14.69 mm		8.58 mm
Cash remaining	24.45 mm	21.20 mm	19.42 mm	24.97 mm		31.08 mm
Runway (months of cash)	4.5	3.2	2.7	4.7		10.1

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

SPRY institutional ownership history Ownership history

65.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	71	100	-29.0%
Opened positions	31	35	-11.4%
Closed positions	60	18	+233.3%
Increased positions	19	25	-24.0%
Reduced positions	11	21	-47.6%

13F shares	Current	Prev Q	Change
Total value	373.40 bn	359.24 bn	+3.9%
Total shares	62.37 mm	58.62 mm	+6.4%
Total puts	83.80 k	0.00	NEW
Total calls	2.30 mm	416.30 k	+452.8%
Total put/call ratio	0.0	–	–

Largest owners	Shares	Value	Change
Deerfield Management	11.08 mm	$94.27 bn	NEW
Flynn James E	11.08 mm	$0.00	0.0%
Ra Capital Management	10.86 mm	$92.43 bn	0.0%
Orbimed Advisors	9.24 mm	$78.64 bn	NEW
Pratik Shah Living Trust dated June 15, 2011	5.22 mm	$46.66 mm	-48.6%
BEN Franklin Resources	2.95 mm	$25.11 bn	0.0%
K2 Principal Fund	2.46 mm	$20.95 bn	+10.9%
Nextech Vi Oncology SCSP	1.91 mm	$0.00	0.0%
Nextech Invest	1.91 mm	$16.25 bn	NEW
STT State Street	1.86 mm	$15.80 bn	+15.7%

Largest transactions	Shares	Bought/sold	Change
Deerfield Management	11.08 mm	+11.08 mm	NEW
Orbimed Advisors	9.24 mm	+9.24 mm	NEW
Pratik Shah Living Trust dated June 15, 2011	5.22 mm	-4.94 mm	-48.6%
SR One Capital Management	0.00	-4.01 mm	EXIT
Vanguard	0.00	-2.89 mm	EXIT
BLK BlackRock	0.00	-2.66 mm	EXIT
Nextech Invest	1.91 mm	+1.91 mm	NEW
FMR	0.00	-1.08 mm	EXIT
Geode Capital Management	0.00	-876.67 k	EXIT
Perceptive Advisors	867.32 k	+867.32 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SPRY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Dec 24	Sarina Tanimoto	Common Stock	Sell	Dispose S	Yes	Yes	11.6705	50,000	583.53 k	1,098,499
17 Dec 24	Sarina Tanimoto	Common Stock	Sell	Dispose S	Yes	Yes	11.6715	50,000	583.58 k	1,297,447
17 Dec 24	Richard E Lowenthal	Common Stock	Sell	Dispose S	Yes	Yes	11.6705	50,000	583.53 k	1,098,499
17 Dec 24	Richard E Lowenthal	Common Stock	Sell	Dispose S	Yes	Yes	11.6715	50,000	583.58 k	1,297,447
13 Dec 24	Justin Chakma	Common Stock	Sell	Dispose S	No	No	12.0625	27,272	328.97 k	136,380
13 Dec 24	Justin Chakma	Common Stock	Option exercise	Acquire M	No	No	1.44	27,272	39.27 k	163,652
13 Dec 24	Justin Chakma	Stock Option Common Stock	Option exercise	Dispose M	No	No	1.44	27,272	39.27 k	55,461
12 Dec 24	Justin Chakma	Common Stock	Sell	Dispose S	No	No	12.2653	117,333	1.44 mm	136,380
12 Dec 24	Justin Chakma	Common Stock	Option exercise	Acquire M	No	No	0.84	117,333	98.56 k	253,713
12 Dec 24	Justin Chakma	Stock Option Common Stock	Option exercise	Dispose M	No	No	0.84	117,333	98.56 k	119,047