SI-BONE Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
SIBN$25.10-2.0%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)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net loss | $(43,336) | $(61,256) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock-based compensation | 24,057 | 23,061 |
| Depreciation and amortization | 5,428 | 3,452 |
| Accounts receivable credit losses | 761 | 150 |
| Inventory reserve | 1,709 | 319 |
| Accretion (amortization) of discount and premium on marketable securities | (4,009) | 229 |
| Amortization of debt issuance costs | 208 | 198 |
| Loss on disposal of property and equipment | 1,302 | 153 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (2,122) | (6,479) |
| Inventory | (4,719) | (6,028) |
| Prepaid expenses and other assets | (762) | 810 |
| Accounts payable | (1,118) | 2,529 |
| Accrued liabilities and other | 3,888 | 1,207 |
| Net cash used in operating activities | (18,713) | (41,655) |
| Cash flows from investing activities | ||
| Maturities of marketable securities | 137,500 | 126,200 |
| Purchases of marketable securities | (189,499) | (119,508) |
| Purchases of property and equipment | (7,799) | (9,507) |
| Net cash used in investing activities | (59,798) | (2,815) |
| Cash flows from financing activities | ||
| Proceeds from follow-on public offering, net of underwriting discounts, commissions and offering costs | 83,671 | — |
| Proceeds from debt financing | 36,000 | — |
| Repayments of debt financing | (35,275) | — |
| Payments of debt issuance costs | (40) | — |
| Proceeds from the exercise of common stock options | 4,386 | 379 |
| Proceeds from issuance of common stock under employee stock purchase plan | 2,191 | 1,818 |
| Net cash provided by financing activities | 90,933 | 2,197 |
| Effect of exchange rate changes on cash and cash equivalents | 132 | (429) |
| Net increase (decrease) in cash and cash equivalents | 12,554 | (42,702) |
| Cash and cash equivalents at | ||
| Beginning of year | 20,717 | 63,419 |
| End of year | $33,271 | $20,717 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $3,263 | $2,621 |
| Supplemental disclosure of non-cash information | ||
| Unpaid purchases of property and equipment | 501 | 1,115 |
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