MOBIX LABS INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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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.
Dec 31, 2023 · Filed Feb 20, 2024
MOBX$0.57-7.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(unaudited, in thousands)
| Three months ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities | ||
| Net income (loss) | $935 | $(9,390) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation | 113 | 113 |
| Amortization of intangible assets | 237 | 211 |
| Issuance of warrants in connection with notes payable, charged to interest expense | 729 | — |
| Change in fair value of earnout liability | (24,764) | — |
| Change in fair value of PIPE make-whole liability | 2,904 | — |
| Change in fair value of private warrants | 60 | — |
| Change in fair value of SAFEs | 10 | 50 |
| Merger-related transaction costs expensed | 4,009 | — |
| Stock-based compensation | 12,705 | 3,856 |
| Deferred income taxes | (1,280) | — |
| Other non-cash items | (21) | 5 |
| Changes in operating assets and liabilities, net of acquisition of business: | ||
| Accounts receivable | 136 | 5 |
| Inventory | 52 | 191 |
| Prepaid expenses and other current assets | 27 | 105 |
| Accounts payable | 525 | (768) |
| Accrued expenses and other current liabilities | 27 | 150 |
| Net cash used in operating activities | (3,596) | (5,472) |
| Investing activities | ||
| Acquisition of EMI Solutions, Inc., net of cash acquired | (110) | — |
| Acquisition of property and equipment | (5) | (6) |
| Net cash used in investing activities | (115) | (6) |
| Financing activities | ||
| Proceeds from issuance of common stock | 3,286 | 5,108 |
| Proceeds from exercise of common stock warrants | — | 900 |
| Proceeds from issuance of notes payable | 246 | — |
| Proceeds from issuance of convertible notes | 200 | — |
| Principal payments on notes payable | (18) | — |
| Principal payments on notes payable – related parties | (344) | — |
| Proceeds from the merger and PIPE | 21,014 | — |
| Merger-related transaction costs paid | (5,966) | (65) |
| Net cash provided by financing activities | 18,418 | 5,943 |
| Net increase in cash | 14,707 | 465 |
| Cash, beginning of period | 89 | 178 |
| Cash, end of period | $14,796 | $643 |
| Supplemental cash flow information | ||
| Cash paid for interest | $80 | $— |
| Cash paid for income taxes | — | — |
| Non-cash investing and financing activities: | ||
| Unpaid Merger-related transaction costs | $2,504 | $1,013 |
| Contingently redeemable convertible stock issued for acquisition of EMI Solutions, Inc. | 8,856 | — |
| Deferred purchase consideration for acquisition of EMI Solutions, Inc. | 1,886 | — |
| Conversion of SAFEs to common stock | 1,522 | — |
| Issuance of warrants in connection with notes payable, recorded as debt discount | 107 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.