Zevia PBC
For the period ended Mar 31, 2024. Filed May 8, 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.
Mar 31, 2024 · Filed May 8, 2024
ZVIA$1.09-14.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Operating activities: | ||
| Net loss | $(7,199) | $(2,912) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Non-cash lease expense | 147 | 142 |
| Depreciation and amortization | 328 | 419 |
| Gain on disposal of property, equipment and software, net | (12) | — |
| Amortization of debt issuance cost | 19 | 19 |
| Equity-based compensation | 1,489 | 2,380 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (2,929) | (3,239) |
| Inventories | 3,929 | (1,374) |
| Prepaid expenses and other assets | 1,098 | 546 |
| Accounts payable | (2,112) | 14,589 |
| Accrued expenses and other current liabilities | 2,180 | (1,025) |
| Operating lease liabilities | (140) | (148) |
| Net cash (used in) provided by operating activities | (3,202) | 9,397 |
| Investing activities: | ||
| Purchases of property, equipment and software | (33) | (862) |
| Net cash used in investing activities | (33) | (862) |
| Financing activities: | ||
| Proceeds from revolving line of credit | 8,000 | — |
| Repayment of revolving line of credit | (8,000) | — |
| Proceeds from exercise of stock options | — | 23 |
| Net cash provided by financing activities | — | 23 |
| Net change from operating, investing, and financing activities | (3,235) | 8,558 |
| Cash and cash equivalents at beginning of period | 31,955 | 47,399 |
| Cash and cash equivalents at end of period | $28,720 | $55,957 |
| Non-cash investing and financing activities | ||
| Capital expenditures included in accounts payable | $— | $71 |
| Conversion of Class B common stock to Class A common stock | $5,266 | $724 |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $— | $1,818 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $26 | $19 |
| Cash paid for income taxes | $20 | $52 |
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