SOUNDTHINKING INC
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
View on SEC.govAbout this filing
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 Apr 1, 2024
SSTI$8.27-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(2,718) | $6,385 | $(4,431) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation of property and equipment | 6,718 | 6,400 | 5,795 |
| Amortization of intangible assets | 3,920 | 2,799 | 1,032 |
| Impairment of property and equipment | 114 | — | 25 |
| Stock-based compensation | 9,982 | 8,282 | 5,872 |
| Change in fair value of contingent consideration | (5,686) | (9,154) | 1,330 |
| Deferred taxes | 541 | 685 | — |
| Allowance for credit losses | 99 | (74) | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable and contract assets | 619 | (14,530) | (3,213) |
| Prepaid expenses and other assets | (1,357) | (1,168) | (673) |
| Accounts payable | 1,094 | (18) | 354 |
| Accrued expenses and other liabilities | (149) | 947 | 1,588 |
| Deferred revenue | (2,226) | 11,630 | 2,143 |
| Net cash provided by operating activities | 10,951 | 12,184 | 9,822 |
| Cash flows from investing activities: | |||
| Purchase of property and equipment | (5,053) | (10,915) | (7,840) |
| Investment in intangible and other assets | (437) | (6) | (59) |
| Business acquisition, net of cash acquired | (10,995) | (4,618) | 15 |
| Net cash used in investing activities | (16,485) | (15,539) | (7,884) |
| Cash flows from financing activities: | |||
| Payment of contingent consideration liability | (1,500) | — | (403) |
| Proceeds from line of credit | 7,000 | — | — |
| Proceeds from exercise of stock options | 150 | 538 | 898 |
| Repurchases of common stock | (5,595) | (3,084) | (3,601) |
| Proceeds from exercise of warrants | — | — | 8 |
| Proceeds from employee stock purchase plan | 740 | 797 | 832 |
| Net cash provided by (used in) financing activities | 795 | (1,749) | (2,266) |
| Change in cash, cash equivalents and restricted cash | (4,739) | (5,104) | (328) |
| Effect of exchange rate on cash and cash equivalents | (37) | (53) | (79) |
| Cash, cash equivalents at beginning of year | 10,479 | 15,636 | 16,043 |
| Cash, cash equivalents at end of year | $5,703 | $10,479 | $15,636 |
| Supplemental cash flow disclosures: | |||
| Property and equipment purchases included in accounts payable | $477 | $404 | $563 |
| Estimated fair value of contingent consideration for business combination at closing | $2,994 | $12,400 | $— |
| Fair value of common stock issued as consideration for acquisitions | $11,291 | $14,266 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.