GCT Semiconductor Holding Inc
For the period ended Mar 31, 2024. Filed May 14, 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.
Mar 31, 2024 · Filed May 14, 2024
GCTS$1.45+5.1%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
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, | ||||||
| · · 2024 · · 2023 | ||||||
| Operating activities: · · | ||||||
| Net income (loss) | | $757 | | $(1,393) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | | | ||||
| Depreciation and amortization | | 206 | | 225 | ||
| Operating lease right-of-use amortization | | 176 | | 168 | ||
| Finance lease right-of-use amortization | | — | | 4 | ||
| Stock-based compensation | | 1,223 | | 2 | ||
| Provision for credit losses | | 247 | | — | ||
| Gain on extinguishment of liability | | (14,636) | | — | ||
| Change in valuation of convertible promissory notes | | 1,203 | | (549) | ||
| Change in valuation of warrant liabilities | | 4,626 | | — | ||
| Changes in operating assets and liabilities: | | | ||||
| Accounts receivable | | (501) | | 2,144 | ||
| Inventory | | (298) | | (651) | ||
| Contract assets | | (874) | | (1,769) | ||
| Prepaid expenses and other current assets | | (2,292) | | 102 | ||
| Other assets | | 24 | | 35 | ||
| Accounts payable | | (2,713) | | 133 | ||
| Contract liabilities | | (13) | | (650) | ||
| Accrued and other current liabilities | | (1,067) | | 1,048 | ||
| Net defined benefit liabilities | | 109 | | 186 | ||
| Income tax payable | | (83) | | — | ||
| Lease liabilities | | (177) | | (170) | ||
| Other liabilities | | (330) | | (345) | ||
| Net cash used in operating activities | | (14,413) | | (1,480) | ||
| | | | | | | |
| Investing activities: | | | ||||
| Purchases of property and equipment | | — | | (118) | ||
| Net cash used in investing activities | | — | | (118) | ||
| | | | | | | |
| Financing activities: | | | ||||
| Proceeds from exercise of stock options | | — | | 1 | ||
| Proceeds from bank borrowings | | — | | 582 | ||
| Proceeds from issuance of convertible promissory notes | | 16,290 | | — | ||
| Proceeds from reverse recapitalization and PIPE Financing, net of transaction costs | | 17,238 | | — | ||
| Repayment of bank borrowings | | (3,254) | | (31) | ||
| Net cash provided by financing activities | | 30,274 | | 552 | ||
| Effect of exchange rate changes on cash and cash equivalents | | 3 | | (52) | ||
| Net increase (decrease) in cash and cash equivalents | | 15,864 | | (1,098) | ||
| Cash and cash equivalents at beginning of year | | 258 | | 1,398 | ||
| Cash and cash equivalents cash at end of year | | $16,122 | | $300 | ||
| Supplemental disclosure of cash flow information: | | | ||||
| Cash paid for interest | | $1,183 | | $368 | ||
| Cash paid for income taxes | | $3 | | $3 | ||
| Cash paid for amounts included in the measurement of operating leases | | $192 | | $195 | ||
| Issuance of common stock from conversion of convertible promissory notes and accrued interest | | $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.