Tessera Defense & Homeland Security Inc.

For the period ended Dec 31, 2024. Filed Mar 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 25, 2025

HLSQ$0.07-37.4%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 exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year ended December 31,
	2024	2023
CASH FLOWS – OPERATING ACTIVITIES
Net loss	(17,727)	(26,169)
Adjustments required to reconcile net loss to cash flows used in operating activities
Depreciation	1,803	871
Stock-based compensation	1,848	1,059
Amortization of debt issuance costs	-	567
Finance income, net	(435)	(128)
Revaluation of contingent consideration	(78)	(33)
Income from change in fair value of Private Placement Warrants	(26,458)	-
Private Placement Warrants issuance cost	732	-
Changes in contract liability	(1,976)	-
Loss from sale and disposal of fixed assets, net	221	71
Goodwill impairment	801	-
IPR&D impairment	3,237	-
Long-lived assets impairment	4,046	-
Changes in operating assets and liabilities:
Other current assets	842	819
Trade account payables	(3,167)	556
Other account payables	(984)	1,194
Net change in operating leases	316	(93)
Net cash used in operating activities	(36,979)	(21,286)
CASH FLOWS – INVESTING ACTIVITIES
Cash and restricted cash acquired from the APT acquisition	663	-
Proceeds from short-term deposits	-	2,000
Purchase of property and equipment	(30)	(50)
Proceeds from sale of property and equipment	82	1
Net cash provided by investing activities	715	1,951
CASH FLOWS – FINANCING ACTIVITIES
Issuance of Common Stock and warrants under February 2023 PIPE	-	7,485
Issuance costs from February 2023 PIPE	-	(333)
Pre-Funded Warrants exercise	6	-
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs	19	-
Repayment of long-term debt	(10,747)	(4,253)
Issuance of Private Placement Warrants under March 2024 PIPE	28,745	-
Issuance of Redeemable Convertible Preferred Shares under March 2024 PIPE	21,269	-
March 2024 PIPE issuance costs	(918)	-
Net cash provided by financing activities	38,374	2,899
Increase (decrease) in cash and cash equivalents and restricted cash	2,110	(16,436)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	1	6
Cash and cash equivalents and restricted cash at the beginning of the year	15,864	32,294
Cash and cash equivalents and restricted cash at the end of the year	17,975	15,864

**CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year ended December 31,
	2024	2023
RECONCILIATION OF AMOUNTS ON CONSOLIDATED BALANCE SHEETS:
Cash and cash equivalents	16,856	14,907
Restricted cash	1,119	957
Total cash and cash equivalents and restricted cash	17,975	15,864
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	1,442	1,873
Taxes paid	13	54
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:
Property and equipment purchases included in accounts payable	1	5
Issuance cost from March 2024 PIPE	1,273	-
Issuance of Common Stock under the APT acquisition	3,041	-
Issuance of Redeemable Convertible Preferred Shares under the APT acquisition	12,610	-
Issuance of Merger Warrants under the APT acquisition	200	-
Redeemable Convertible Preferred Shares conversion into shares of Common Stock	13,774	-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.