Aterian Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
ATER$0.95+8.0%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
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2023 | 2024 | |
| OPERATING ACTIVITIES: | ||
| Net loss | $(66,857) | $(10,564) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 3,416 | 1,279 |
| Provision (recovery) for sales returns | (215) | 86 |
| Amortization of deferred financing cost and debt discounts | 321 | 160 |
| Stock-based compensation | 6,771 | 6,394 |
| Change in deferred tax expense | — | (5) |
| Change in inventory provisions | 213 | (1,653) |
| Change in fair value of warrant liabilities | (2,410) | (730) |
| Impairment loss on intangibles | 39,445 | — |
| Allowance for credit losses | 59 | — |
| Changes in assets and liabilities: | ||
| Accounts receivable | 1,186 | 966 |
| Inventory | 11,960 | 5,482 |
| Prepaid and other current assets | 1,942 | 486 |
| Accounts payable, accrued and other liabilities | (4,289) | 273 |
| Cash (used in) provided by operating activities | (8,458) | 2,174 |
| INVESTING ACTIVITIES: | ||
| Purchase of fixed assets | (80) | (42) |
| Purchase of Step and Go assets | (125) | — |
| Purchase of minority equity investment | — | (200) |
| Cash used in investing activities | (205) | (242) |
| FINANCING ACTIVITIES: | ||
| Repayments on note payable to Smash | (518) | (633) |
| Borrowings from MidCap credit facilities | 63,978 | 44,386 |
| Repayments for MidCap credit facilities | (71,165) | (48,976) |
| Insurance obligation payments | (788) | (498) |
| Insurance financing proceeds | 986 | — |
| Cash used in financing activities | (7,507) | (5,721) |
| Foreign currency effect on cash, cash equivalents, and restricted cash | 42 | 313 |
| Net change in cash and restricted cash for the year | (16,128) | (3,476) |
| Cash and restricted cash at beginning of year | 46,629 | 22,195 |
| Cash and restricted cash at end of year | $30,501 | $18,719 |
| RECONCILIATION OF CASH AND RESTRICTED CASH: | ||
| Cash | 27,955 | 16,071 |
| Restricted Cash—Prepaid and other current assets | 2,417 | 2,519 |
| Restricted cash—Other non-current assets | 129 | 129 |
| TOTAL CASH AND RESTRICTED CASH | $30,501 | $18,719 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash paid for interest | $1,457 | $966 |
| Cash paid for taxes | $90 | $151 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Non-cash consideration paid to contractors | $321 | $620 |
| Non-cash minority equity investment | $— | $50 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.