(1) Shares for the three and nine months ended September 30, 2023 have been retrospectively adjusted for the 1-for-30 reverse stock split that occurred on December 6, 2023.
Reconciliation of Operating Cash Flow less CapEx (Free Cash Flow), Non-GAAP Operating Loss and Non-GAAP Gross Profit (Loss):
Operating Cash Flow less CapEx (Free Cash Flow):
Three Months
Three Months Ended Nine Months Ended Ended June
September 30, September 30, 30,
------------------- -------------------- ------------
(in thousands) 2024 2023 2024 2023 2024
------ ------- -------
Net cash used
in operating
activities $(11,517) $(8,613) $(52,093) $(38,655) $(25,987)
Purchase of
property and
equipment (148) 190 (304) (1,164) (126)
------- ------ ------- ------- -------
Free-Cash Flow $(11,665) $(8,423) $(52,397) $(39,819) $(26,113)
------- ------ ------- ------- -------
Non-GAAP Operating Loss:
Three Months
Three Months Ended Nine Months Ended Ended June
September 30, September 30, 30,
------------------- -------------------- ------------
(in thousands) 2024 2023 2024 2023 2024
------- ------- -------
Loss from
operations $(9,691) $(12,625) $(31,302) $(53,137) $(11,368)
Stock-based
compensation 2,247 2,242 5,887 6,308 1,634
Inventory
reserves 424 (1,097) (812) (1,155) (433)
Physical
inventory and
other
adjustments 377 261 509 839 430
------ ------- ------- ------- -------
Non-GAAP
Operating
Loss $(6,643) $(11,219) $(25,718) $(47,145) $ (9,737)
------ ------- ------- ------- -------
Non-GAAP Gross Profit (Loss):
Three
Three Months Months
Ended September Nine Months Ended Ended June
30, September 30, 30,
---------------- ----------------- ----------
(in thousands) 2024 2023 2024 2023 2024
------ ------ -----
Gross profit
(loss) $2,864 $ 1,985 $7,682 $(2,617) $2,030
Inventory
reserves 424 (1,097) (812) (1,155) (433)
Physical
inventory and
other
adjustments 377 261 509 839 430
----- ------ ----- ------ -----
Non-GAAP Gross
Profit (Loss) $3,665 $ 1,149 $7,379 $(2,933) $2,027
----- ------ ----- ------
(MORE TO FOLLOW) Dow Jones Newswires
November 13, 2024 16:25 ET (21:25 GMT)
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