NeuroPace Inc 2025年季度报告

(Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2025OR NEUROPACE, INC. (Exact name of registrant as specified in its charter) 455 N. Bernardo AvenueMountain View,CA94043(650)237-2700(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule12b-2 of theExchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section7(a)(2)(B) of the Securities Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ As of May 9, 2025, there were approximately32,798,505shares of the registrant's common stock outstanding. TABLE OF CONTENTS Part I. Financial Information Item 1.Financial Statements (Unaudited)Condensed Balance SheetsCondensed Statements of Operations and Comprehensive LossCondensed Statements of Stockholders' EquityCondensed Statements of Cash FlowsNotes to Unaudited Interim Condensed Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPart II. Other InformationItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements about us and our industry that involve substantial risks anduncertainties. All statements regarding results or events that may occur in the future contained in this Quarterly Report on Form 10-Q,including statements regarding our future results of operations and financial condition, as well as expectations of management for futureoperations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words suchas “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,”“project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and trendsthat we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-lookingstatements are subject to a number of risks, uncertainties, factors and assumptions more thoroughly described in “Risk Factors.” Theserisks are not exhaustive. Other sections of this Quarterly Report on Form 10-Q, as well as our other disclosures and filings, includeadditional factors that could harm our business and financial performance. Moreover, we operate in a very competitive and rapidlychanging environment. New risk factors emerge from time to time, and it is not possible for our management to predict all risk factors norcan we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual resultsto differ from those contained in, or implied by, any forward-looking statements. You should not rely on these forward-looking statements as predictions of future events. We cannot assure you that the events andcircumstances reflected in the forward-looking statements will be achieved or occur. Although we believe that the expectations reflected inthe forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Exceptas required by law, we undertake no obligation to update publicly any forward-looki