DarioHealth Corp
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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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 Mar 28, 2024
DRIO$2.39+16.0%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
CONSOLIDATED STATEMENT OF CASH FLOWS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year ended | ||||||
| · · December 31, | ||||||
| · · 2023 · 2022 | ||||||
| | | | ||||
| Cash flows from operating activities: | | | | | | |
| Net loss | | $(59,427) | | $(62,193) | ||
| Adjustments required to reconcile net loss to net cash used in operating activities: | | | | | ||
| Stock-based compensation, common stock, and payment in stock to directors, employees, consultants, and service providers | | 19,701 | | 16,975 | ||
| Depreciation | | 473 | | 356 | ||
| Change in operating lease right of use assets | | 239 | | (919) | ||
| Amortization of acquired intangible assets | | 4,512 | | 4,361 | ||
| Decrease (increase) in trade receivables | | 3,261 | | (5,106) | ||
| Increase in other accounts receivable, prepaid expense and long-term assets | | (426) | | (3) | ||
| Decrease (increase) in inventories | | 2,894 | | (1,728) | ||
| Decrease in trade payables | | (1,191) | | (2,787) | ||
| Decrease in other accounts payable and accrued expenses | | (256) | | (1,314) | ||
| Increase (Decrease) in deferred revenues | | (323) | | 125 | ||
| Change in operating lease liabilities | | (124) | | 833 | ||
| Remeasurement of earn-out | | - | | (497) | ||
| Non cash financial expenses | | 528 | | 4,052 | ||
| Other | | (240) | | — | ||
| | | | | | | |
| Net cash used in operating activities | | (30,379) | | (47,845) | ||
| | | | | | | |
| Cash flows from investing activities: | | | ||||
| Purchase of property and equipment | | | (584) | | | (442) |
| Purchase of short-term investments | | | (4,996) | | | - |
| Proceeds from redemption of short-term investments | | | 5,033 | | | - |
| Purchase of intangible assets | | | - | | | (131) |
| | | | | | | |
| Net cash used in investing activities | | (547) | | (573) | ||
| | | | | | | |
| Cash flows from financing activities: | | | | | ||
| Proceeds from issuance of common stock and prefunded warrants, net of issuance costs | | 1,614 | | 38,288 | ||
| Proceeds from issuance of preferred stock, net of issuance costs | | | 14,868 | | | - |
| Proceeds from borrowings on Loan agreement | | | 29,604 | | | 23,786 |
| Repayment of long-term loan | | | (27,833) | | | — |
| Repurchase and retirement of common stock | | | — | | | (134) |
| | | | | | | |
| Net cash provided by financing activities | | 18,253 | | 61,940 | ||
| | | | | | | |
| Increase in cash, cash equivalents and restricted cash and cash equivalents | | (12,673) | | 13,522 | ||
| Cash, cash equivalents and restricted cash and cash equivalents at beginning of period | | 49,470 | | 35,948 | ||
| Cash, cash equivalents and restricted cash and cash equivalents at end of period | | | 36,797 | | | 49,470 |
| Supplemental disclosure of cash flow information: | | | | | | |
| Cash paid during the period for interest on long-term loan | | | 4,031 | | | 1,876 |
| Non-cash activities: | | | | | | |
| Right-of-use assets obtained in exchange for lease liabilities | | | 136 | | | 1,269 |
| Earn-out extinguishment as part of WayForward acquisition | | | - | | | 328 |
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