Sarcos Technology Robotics Corp
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
PDYN$3.57+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(115,593) | $(157,130) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 12,043 | 35,645 |
| Depreciation of property and equipment | 1,554 | 1,409 |
| Amortization of intangible assets | 2,821 | 2,184 |
| Change in fair value of warrant liability | (162) | (13,442) |
| Amortization of investment discount | (2,055) | (1,494) |
| Asset write-down | 30,101 | — |
| Goodwill impairment | — | 70,236 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | 1,311 | (257) |
| Unbilled receivable | 2,126 | (1,972) |
| Inventories | (8,759) | (2,090) |
| Prepaid expenses and other current assets | 2,167 | 4,440 |
| Other non-current assets | 1,249 | 960 |
| Accounts payable | (2,326) | 1,539 |
| Accrued liabilities | 253 | (798) |
| Other non-current liabilities | (1,350) | (4,621) |
| Net cash used in operating activities | (76,620) | (65,391) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (782) | (1,498) |
| Acquisition of a business, net of cash acquired | — | (29,687) |
| Purchases of marketable securities | (64,536) | (177,860) |
| Maturities of marketable securities | 130,000 | 100,000 |
| Net cash provided by (used in) investing activities | 64,682 | (109,045) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | — | 683 |
| Shares repurchased for payment of tax withholdings | (78) | (8,107) |
| Payment of obligations under capital leases | (4) | (95) |
| Net cash used in financing activities | (82) | (7,519) |
| Net decrease in cash, cash equivalents | (12,020) | (181,955) |
| Cash and cash equivalents at beginning of period | 35,159 | 217,114 |
| Cash and cash equivalents at end of period | $23,139 | $35,159 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $— | $6 |
| Cash paid for income taxes | $7 | $— |
| Supplemental disclosure of non-cash activities: | ||
| Common stock and assumed equity awards in connection with a business acquisition | $— | $59,410 |
| Purchases of property and equipment included in accounts payable at period-end | $— | $33 |
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