Pulmonx Corp
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
View on SEC.govAbout 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.
FY2023 · Filed Feb 27, 2024
LUNG$2.800.0%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
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net loss | $(60,843) | $(58,923) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock-based compensation expense | 22,101 | 16,445 |
| (Gain) loss on disposal of fixed assets | (15) | 7 |
| Change in allowance for credit losses | (59) | 54 |
| Inventory write-downs | 507 | 485 |
| Depreciation and amortization expense | 1,548 | 1,513 |
| Amortization of debt discount and debt issuance costs | 48 | 56 |
| Net accretion of discounts on marketable securities | (1,025) | (204) |
| Non-cash lease expense | 2,686 | 2,498 |
| Net changes in operating assets and liabilities: | ||
| Accounts receivable | (3,104) | (2,190) |
| Inventory | 918 | (3,638) |
| Prepaid expenses and other current assets | (57) | 780 |
| Other assets | (36) | (49) |
| Accounts payable | (345) | 247 |
| Accrued liabilities | 3,176 | 149 |
| Income taxes payable | 68 | (124) |
| Lease liabilities | (3,182) | (2,197) |
| Deferred tax liability | 24 | 49 |
| Deferred revenue | (20) | (41) |
| Net cash used in operating activities | (37,610) | (45,083) |
| Cash flows from investing activities | ||
| Purchases of investments | (46,200) | (47,187) |
| Maturities of investments | 45,000 | 44,280 |
| Purchases of property and equipment | (807) | (1,318) |
| Net cash used in investing activities | (2,007) | (4,225) |
| Cash flows from financing activities | ||
| Proceeds from borrowing under term loan | 20,000 | — |
| Repayment of credit agreement | (94) | (87) |
| Payments of debt issuance cost | — | (53) |
| Proceeds from exercise of common stock options | 310 | 644 |
| Proceeds from issuance of common stock under the employee stock purchase plan | 1,184 | 1,942 |
| Payments for the repurchase of early exercised common stock options | — | (27) |
| Net cash provided by financing activities | 21,400 | 2,419 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 34 | 145 |
| Net decrease in cash, cash equivalents, and restricted cash | (18,183) | (46,744) |
| Cash, cash equivalents, and restricted cash at beginning of year | 101,967 | 148,711 |
| Cash, cash equivalents, and restricted cash at end of year | $83,784 | $101,967 |
| Reconciliation of cash, cash equivalents, and restricted cash to consolidated balance sheets: | ||
| Cash and cash equivalents | $83,547 | $101,736 |
| Restricted cash | 237 | 231 |
| Cash, cash equivalents, and restricted cash in consolidated balance sheets | $83,784 | $101,967 |
| Supplemental non-cash items: | ||
| Lapse in repurchase rights of common stock | $144 | $227 |
|---|---|---|
| Purchases of property and equipment in accounts payable and accrued liabilities | $109 | $425 |
| Amount receivable from exercise of common stock options | $3 | $— |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | $471 | $398 |
| Cash paid for interest | $2,984 | $847 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.