Bark Inc
For the period ended Dec 31, 2023. Filed Feb 7, 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 7, 2024
BARK$9.38-1.7%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 | ||
|---|---|---|
| December 31, | December 31, | |
| 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(32,108) | $(47,317) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Depreciation & amortization | 8,899 | 6,508 |
| Impairment of assets | 3,079 | 1,661 |
| Amortization of right-of-use assets | 3,120 | 3,754 |
| Loss on disposal of assets | 72 | — |
| Amortization of deferred financing fees and debt discount | 478 | 494 |
| Bad debt expense | 34 | 803 |
| Stock-based compensation expense | 10,510 | 11,876 |
| Provision for inventory obsolescence reserve | 888 | (2,486) |
| Gain on extinguishment of debt | (1,828) | — |
| Change in fair value of warrant liabilities and derivatives | (2,216) | (6,523) |
| Paid in kind interest on convertible notes | 2,119 | 4,354 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 63 | 4,365 |
| Inventory | 24,975 | 10,333 |
| Prepaid expenses and other current assets | (1,123) | (222) |
| Other noncurrent assets | — | 155 |
| Accounts payable and accrued expenses | (4,894) | (5,339) |
| Deferred revenue | 1,247 | 1,367 |
| Proceeds from tenant improvement allowances | — | 6,177 |
| Operating lease liabilities | (3,522) | (2,307) |
| Other liabilities | (2,687) | (2,139) |
| Net cash provided by (used in) operating activities | 7,106 | (14,486) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (6,699) | (18,854) |
| Net cash used in investing activities | (6,699) | (18,854) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payment of finance lease obligations | (161) | (2,326) |
| Proceeds from the exercise of stock options | 105 | 980 |
| Proceeds from issuance of common stock under ESPP | 489 | 145 |
| Tax payments related to the issuance of common stock | (1,011) | (649) |
| Excise tax from stock repurchases | (42) | — |
| Payments to repurchase common stock | (4,120) | — |
| Payments of long-term debt | (42,300) | — |
| Net cash used in financing activities | (47,040) | (1,850) |
| Effect of exchange rate changes on cash | (14) | (18) |
|---|---|---|
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (46,647) | (35,208) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD | 183,068 | 201,679 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD | $136,421 | $166,471 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| Cash and cash equivalents | 131,284 | 164,181 |
| Restricted cash - Other noncurrent assets | 5,137 | 2,290 |
| Total cash, cash equivalents and restricted cash | $136,421 | $166,471 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $38 | $342 |
| Cash paid for interest | $2,237 | $275 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Establishment of operating lease | $— | $24,576 |
| Lease modification and termination | $— | $3,532 |
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