GCT Semiconductor Holding Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
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 14, 2024
GCTS$1.45+5.1%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
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(7,407) | $(12,306) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 528 | 654 |
| Operating lease right-of-use amortization | 463 | 581 |
| Stock-based compensation | 2,119 | 8 |
| Issuance of common stock to underwriter | 667 | — |
| Change in credit loss allowance | (547) | 793 |
| Change in fair value of convertible promissory notes | 1,354 | (1,116) |
| Change in fair value of warrant liabilities | (2,761) | — |
| Loss from initial recognition of common stock forward liability | 586 | — |
| Gain on extinguishment of liability | (14,636) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (895) | (3,290) |
| Inventory | (1,624) | 1,816 |
| Contract assets | (1,659) | (1,984) |
| Prepaid expenses and other current assets | (21) | 785 |
| Other assets | 70 | 87 |
| Accounts payable | (2,328) | (744) |
| Contract liabilities | 463 | 16 |
| Accrued and other current liabilities | (3,040) | 7,387 |
| Net defined benefit liabilities | 674 | 328 |
| Income tax payable | 35 | (135) |
| Lease liabilities | (455) | (797) |
| Other liabilities | (275) | (3) |
| Net cash used in operating activities | (28,689) | (7,920) |
| Investing activities: | ||
| Purchases of property and equipment | (185) | (284) |
| Net cash used in investing activities | (185) | (284) |
| Financing activities: | ||
| Proceeds from reverse recapitalization and PIPE Financing, net of transaction costs | 17,238 | — |
| Proceeds from issuance of convertible promissory notes | 16,290 | — |
| Proceeds from issuance of common stock under common stock purchase agreement | 7,814 | — |
| Proceeds from issuance of common stock and common stock warrants in a private placement | 2,240 | — |
| Proceeds from borrowings | 3,696 | 7,604 |
| Proceeds from exercise of stock options | 13 | 23 |
| Repayments of borrowings | (14,065) | (23) |
| Repayments of convertible promissory notes | (1,630) | — |
| Payments of financial lease liabilities | — | (13) |
| Net cash provided by financing activities | 31,596 | 7,591 |
| Effect of exchange rate changes on cash and cash equivalents | (1,168) | (665) |
| Net increase (decrease) in cash and cash equivalents | 1,554 | (1,278) |
| Cash and cash equivalents at beginning of period | 258 | 1,398 |
| Cash and cash equivalents at end of period | $1,812 | $120 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $3,059 | $1,515 |
| Cash paid for income taxes | $212 | $47 |
| Cash paid for operating leases | $562 | $797 |
| Non-cash financing activities: | ||
| Issuance of common stock from conversion of convertible promissory notes | $41,209 | $72 |
| Settlement of common stock forward liability in equity | $135 | $— |
| Proceeds from issuance of common stock withheld for outstanding payables | $975 | $— |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $54 | $1,473 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.