ZeroStack Corp.
For the period ended Dec 31, 2024. Filed Mar 24, 2025.
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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 24, 2025
ZSTK$2.53-5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands of United States dollars)
| For the year endedDecember 31, 2024 · For the year endedDecember 31, 2023 | |||
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net loss | $(15,907) | $(56,347) | |
| Adjustments to net loss: | |||
| Depreciation and amortization | 768 | 2,484 | |
| Stock-based compensation | 2,779 | 1,591 | |
| Goodwill impairment | 236 | 23,372 | |
| Inventory impairments through costs of sales | 1,842 | 2,688 | |
| Other asset impairments | 2,001 | 20,840 | |
| Changes in financial instruments at fair value | (259) | (1,991) | |
| Bad debt expense | 411 | 801 | |
| Loss on fixed asset disposals | 129 | - | |
| Loss on disposal of discontinued operations | - | 3,132 | |
| Interest expense (income) | 213 | 94 | |
| Interest paid | (213) | (94) | |
| Income tax benefit | (177) | (1,617) | |
| (8,177) | (5,047) | ||
| Net change in non-cash working capital: | |||
| Trade and other receivables | (685) | 1,522 | |
| Inventory | 1,317 | (2,112) | |
| Prepaid expenses and other assets | 722 | (419) | |
| Trade payables and accrued liabilities | 1,791 | (2,340) | |
| Net cash used in operating activities | (5,032) | (8,396) | |
| Cash flows from financing activities: | |||
| Units issued | 7,502 | 2,738 | |
| Equity issue costs | (1,267) | (396) | |
| Loan borrowings | 8,405 | 995 | |
| Loan repayments | (8,146) | (187) | |
| Net cash provided by financing activities | 6,494 | 3,150 | |
| Cash flows from investing activities: | |||
| Purchases of property, plant and equipment and intangible assets | (134) | (163) | |
| Net cash on asset disposals | 273 | (71) | |
| Business and asset acquisitions, net of cash acquired | 64 | - | |
| Net cash provided (used) in investing activities | 203 | (234) | |
| Effect of exchange rate on changes on cash | 2 | 930 | |
| Change in cash during the period | 1,667 | (4,550) | |
| Cash and restricted cash at beginning of period | 4,385 | 8,935 | |
| Cash included in assets held for sale | - | - | |
| Cash and restricted cash at end of period | $6,052 | $4,385 | |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Common shares issued for business combinations | $4,960 | $ | - |
| Common shares issued for other agreements | 55 | 95 | |
| Option cancellations reclassified to equity | 316 | 5,352 | |
| Operating lease additions to right of use assets | 2,208 | 245 | |
| Intangible assets acquired for contingent consideration | - | 194 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.