GCT Semiconductor Holding, Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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.
Mar 31, 2025 · Filed May 14, 2025
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
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | ||
| Net income (loss) | $(6,968) | $757 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 170 | 206 |
| Amortization of right-of-use assets | 171 | 176 |
| Stock-based compensation | 511 | 1,223 |
| Change in provision for credit losses | 311 | 247 |
| Change in fair value of common stock forward liability | (295) | — |
| Change in fair value of warrant liabilities | (1,649) | 4,626 |
| Change in fair value of convertible promissory notes | 19 | 1,203 |
| Gain on extinguishment of liability | — | (14,636) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 888 | (501) |
| Inventory | (147) | (298) |
| Contract assets | (392) | (874) |
| Prepaid expenses and other current assets | 1,144 | (2,292) |
| Other assets | 24 | 24 |
| Accounts payable | 407 | (2,713) |
| Contract liabilities | (12) | (13) |
| Accrued and other current liabilities | (1,890) | (1,067) |
| Net defined benefit liabilities | 237 | 109 |
| Income tax payable | (96) | (83) |
| Lease liabilities | (172) | (177) |
| Other liabilities | (212) | (330) |
| Net cash used in operating activities | (7,951) | (14,413) |
| Investing activities: | ||
| Purchases of property and equipment | (118) | — |
| Net cash used in investing activities | (118) | — |
| Financing activities: | ||
| Proceeds from borrowings | 7,500 | — |
| Proceeds from issuance of common stock under common stock purchase agreement | 189 | — |
| Proceeds from exercise of stock options | 19 | — |
| Tax withholding on restricted stock units | (11) | — |
| Proceeds from reverse recapitalization and PIPE Financing, net of transaction costs | — | 17,238 |
| Proceeds from issuance of convertible promissory notes | — | 16,290 |
| Repayments of borrowings | — | (3,254) |
| Net cash provided by financing activities | 7,697 | 30,274 |
| Effect of exchange rate changes on cash and cash equivalents | (24) | 3 |
| Net (decrease) increase in cash and cash equivalents | (396) | 15,864 |
| Cash and cash equivalents at beginning of period | 1,435 | 258 |
| Cash and cash equivalents at end of period | $1,039 | $16,122 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $880 | $1,183 |
| Cash paid for income taxes | $55 | $3 |
| Cash paid for operating leases | $181 | $192 |
| Non-cash financing activities: | ||
| Issuance of common stock from conversion of convertible promissory notes | $— | $41,209 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.