SMITH MICRO SOFTWARE INC
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
SMSI$2.21-3.1%Stored close · as of Nov 10, 2026
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities: | ||
| Net loss | $(24,396) | $(29,279) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 7,395 | 7,556 |
| Non-cash lease expense | (191) | (306) |
| Non-cash transaction costs including amortization of debt discount and issuance costs | 5,993 | 3,324 |
| Change in fair value of warrant and derivative liabilities | (4,214) | (4,669) |
| Loss on derecognition of debt | 3,991 | — |
| Stock based compensation | 4,835 | 4,948 |
| Deferred income taxes | (10) | 61 |
| Loss on disposal of assets | 12 | 4 |
| Changes in operating accounts: | ||
| Accounts receivable | 2,589 | 85 |
| Prepaid expenses and other assets | 12 | (25) |
| Accounts payable and accrued liabilities | (2,825) | (1,120) |
| Other liabilities | (164) | 160 |
| Net cash used in operating activities | (6,973) | (19,261) |
| Investing activities: | ||
| Capital expenditures, net | (4) | (49) |
| Other investing activities | 136 | 164 |
| Net cash provided by investing activities | 132 | 115 |
| Financing activities: | ||
| Proceeds from notes and warrants offering | — | 15,000 |
| Proceeds from stock and warrants offering | — | 3,000 |
| Stock, notes, and warrants offering costs | — | (1,227) |
| Proceeds from financing arrangements | 981 | 1,541 |
| Repayments of financing arrangements | (1,036) | (1,278) |
| Other financing activities | (5) | 58 |
| Net cash (used in) provided by financing activities | (60) | 17,094 |
| Net decrease in cash and cash equivalents | (6,901) | (2,052) |
| Cash and cash equivalents, beginning of period | 14,026 | 16,078 |
| Cash and cash equivalents, end of period | $7,125 | $14,026 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for income taxes | 187 | 253 |
| Non-cash investing and financing activities: | ||
| Issuance of common stock in settlement and prepayment of notes payable | $15,000 | $— |
| Derivative and warrants in connection with notes and stock offerings | $— | $9,561 |
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