biote Corp
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
BTMD$1.08-2.7%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
(in thousands) (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities | ||
| Net loss | $(3,437) | $(14,883) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,436 | 1,484 |
| Bad debt expense | 911 | 624 |
| Amortization of debt issuance costs | 605 | 591 |
| Provision for obsolete inventory | 683 | (32) |
| Non-cash lease expense | 685 | 423 |
| Non-cash interest on share repurchase liability | 1,548 | — |
| Shares issued in settlement of litigation | — | 1,199 |
| Share-based compensation expense | 6,849 | 7,060 |
| Loss from change in fair value of warrant liability | — | 13,411 |
| Loss from change in fair value of earnout liabilities | 18,825 | 14,360 |
| Deferred income taxes | 2,233 | 394 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (2,550) | (3,834) |
| Inventory | 2,179 | 137 |
| Other current assets | 2,189 | (7,118) |
| Accounts payable | 156 | 1,582 |
| Deferred revenue | 206 | 853 |
| Accrued expenses | 24 | 4,005 |
| Operating lease liabilities | (667) | (329) |
| Net cash provided by operating activities | 32,875 | 19,927 |
| Investing Activities | ||
| Purchases of short-term investments | — | (20,000) |
| Purchases of property and equipment | (4,760) | (518) |
| Purchases of capitalized software | (1,116) | (1,191) |
| Acquisitions, net of cash acquired | (11,611) | — |
| Net cash used in investing activities | (17,487) | (21,709) |
| Financing Activities | ||
| Repurchases of common stock | (5,599) | — |
| Borrowings on revolving loans | 10,000 | — |
| Principal repayments on term loan | (4,687) | (4,687) |
| Payments on repurchase liability | (62,162) | — |
| Proceeds from exercise of stock options | 809 | 420 |
| Issuance of stock under purchase plan | 146 | — |
| Distributions | (4,656) | (7,588) |
| Net cash used in financing activities | (66,149) | (11,855) |
| Effect of exchange rate changes on cash and cash equivalents | (16) | (19) |
| Net decrease in cash and cash equivalents | (50,777) | (13,656) |
| Cash and cash equivalents at beginning of period | 89,002 | 79,231 |
| Cash and cash equivalents at end of period | $38,225 | $65,575 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for interest | $7,325 | $7,022 |
| Cash paid for income taxes | $2,288 | $2,789 |
| Non-cash investing and financing activities | ||
| Shares issued to acquire Simpatra | $1,841 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.