Bark Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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)
| Six Months Ended | ||
|---|---|---|
| September 30, | September 30, | |
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(15,302) | $(22,000) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Depreciation & amortization | 5,679 | 5,941 |
| Impairment of assets | 2,142 | 2,970 |
| Non-cash lease expense | 2,524 | 2,120 |
| Loss on disposal of assets | — | 72 |
| Amortization of deferred financing fees and debt discount | 202 | 374 |
| Bad debt expense | — | 34 |
| Stock-based compensation expense | 5,898 | 6,914 |
| Provision for inventory obsolescence | 1,355 | 879 |
| Change in fair value of warrant liabilities and derivatives | 913 | (1,434) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (9,205) | (5,869) |
| Inventory | (5,613) | 14,065 |
| Prepaid expenses and other current assets | (499) | (988) |
| Other noncurrent assets | (1,336) | (125) |
| Accounts payable and accrued expenses | 22,905 | (6,426) |
| Deferred revenue | (2,521) | (3,431) |
| Operating lease liabilities | (2,587) | (1,800) |
| Other liabilities | 11 | 788 |
| Net cash provided by (used in) operating activities | 4,566 | (7,916) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (3,851) | (4,933) |
| Net cash used in investing activities | (3,851) | (4,933) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payment of finance lease obligations | (112) | (106) |
| Proceeds from the exercise of stock options | 293 | 94 |
| Proceeds from issuance of common stock under ESPP | 193 | 286 |
| Tax payments related to the issuance of common stock | (1,620) | (819) |
| Excise tax from stock repurchases | (52) | — |
| Payments to repurchase common stock | (5,184) | (4,120) |
| Net cash used in financing activities | (6,482) | (4,665) |
| Effect of exchange rate changes on cash | (53) | 55 |
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (5,820) | (17,459) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD | 130,704 | 183,068 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD | $124,884 | $165,609 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| Cash and cash equivalents | 115,243 | 160,541 |
| Restricted cash - prepaid expenses and other current assets, other noncurrent assets | 9,641 | 5,068 |
| Total cash, cash equivalents and restricted cash | $124,884 | $165,609 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $— | $11 |
|---|---|---|
| Cash paid for interest | $75 | $75 |
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