Identiv Inc
For the period ended Mar 31, 2024. Filed May 10, 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 10, 2024
INVE$2.66+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows used in operating activities | ||
| Net loss | $(4,558) | $(2,719) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 785 | 623 |
| Amortization of debt issuance costs | 26 | 5 |
| Stock-based compensation expense | 1,019 | 990 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 4,160 | 3,661 |
| Inventories | 234 | (1,667) |
| Prepaid expenses and other assets | 346 | (214) |
| Accounts payable | (2,684) | (4,876) |
| Deferred revenue | (543) | (210) |
| Accrued expenses and other liabilities | (86) | (291) |
| Net cash used in operating activities | (1,301) | (4,698) |
| Cash flows from investing activities: | ||
| Capital expenditures | (232) | (1,225) |
| Net cash used in investing activities | (232) | (1,225) |
| Cash flows from financing activities: | ||
| Borrowings under revolving loan facility, net of issuance costs | 5,919 | 9,936 |
| Repayments under revolving loan facility | (6,000) | — |
| Taxes paid related to net share settlement of restricted stock units | (277) | (184) |
| Net cash provided by (used in) financing activities | (358) | 9,752 |
| Effect of exchange rates on cash, cash equivalents, and restricted cash | (59) | 201 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (1,950) | 4,030 |
| Cash, cash equivalents, and restricted cash at beginning of period | 24,384 | 17,137 |
| Cash, cash equivalents, and restricted cash at end of period | $22,434 | $21,167 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Interest paid | $94 | $28 |
| Taxes paid, net | $24 | $27 |
| Non-cash investing and financing activities: | ||
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $— | $323 |
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