TELOS CORP
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
TLS$7.67+7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine Months Ended | ||
|---|---|---|
| September 30, 2024 | September 30, 2023 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(43,190) | $(27,442) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Stock-based compensation | 14,017 | 22,462 |
| Depreciation and amortization | 9,368 | 5,987 |
| Impairment loss on intangible assets | 11,706 | 349 |
| Deferred income tax provision | 37 | 37 |
| Accretion of discount in acquisition holdback | — | 2 |
| (Gain) loss on disposal of fixed assets | (13) | 1 |
| (Recovery from) provision for doubtful accounts | (28) | 128 |
| Amortization of debt issuance costs | 52 | 51 |
| Gain on early extinguishment of other financing obligations | — | (1,427) |
| Changes in other operating assets and liabilities: | ||
| Accounts receivable | 15,571 | 14,517 |
| Inventories | 14 | 1,893 |
| Prepaid expenses, other current assets, other assets | (10,049) | (4,106) |
| Accounts payable and other accrued payables | (8,161) | (14,942) |
| Accrued compensation and benefits | (5,266) | 2,496 |
| Contract liabilities | 52 | (670) |
| Other current liabilities | 470 | (2,703) |
| Net cash used in operating activities | (15,420) | (3,367) |
| Cash flows from investing activities: | ||
| Capitalized software development costs | (9,104) | (11,960) |
| Purchase of investment | (3,000) | — |
| Purchases of property and equipment, net | (381) | (350) |
| Net cash used in investing activities | (12,485) | (12,310) |
| Cash flows from financing activities: | ||
| Payments under finance lease obligations | (1,283) | (1,180) |
| Payment of tax withholding related to net share settlement of equity awards | (457) | (1,676) |
| Proceeds from exercise of stock options | 149 | — |
| Payment of DFT holdback amount | — | (564) |
| Repurchase of common stock | — | (139) |
| Payments for debt issuance costs | — | (114) |
| Net cash used in financing activities | (1,591) | (3,673) |
| Net change in cash, cash equivalents, and restricted cash | (29,496) | (19,350) |
| Cash, cash equivalents, and restricted cash, beginning of period | 99,396 | 119,438 |
| Cash, cash equivalents, and restricted cash, end of period | $69,900 | $100,088 |
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