Grindr Inc
For the period ended Sep 30, 2024. Filed Nov 8, 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 8, 2024
GRND$13.47+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
(in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss and comprehensive loss | $(7,149) | $(11,005) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Stock-based compensation | 22,642 | 10,594 |
| Loss in fair value of warrant liability | 45,579 | 11,581 |
| Amortization of debt discount and issuance costs | 683 | 1,452 |
| Interest income on promissory note from member | — | (282) |
| Depreciation and amortization | 12,595 | 21,845 |
| Provision for expected credit losses | (642) | 540 |
| Deferred income taxes | (1,243) | (7,221) |
| Non-cash lease expense | 1,237 | 867 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (9,436) | (10,416) |
| Prepaid expenses and deferred charges | (1,136) | 1,621 |
| Other current assets | 1,808 | 538 |
| Other assets | (191) | (175) |
| Accounts payable | (1,660) | (2,883) |
| Accrued expenses and other current liabilities | 3,619 | 6,542 |
| Deferred revenue | 714 | 561 |
| Lease liability | (2,008) | (1,043) |
| Other liabilities | 12 | — |
| Net cash provided by operating activities | 65,424 | 23,116 |
| Investing activities | ||
| Purchases of property and equipment | (699) | (241) |
| Additions to capitalized software | (3,388) | (3,248) |
| Net cash used in investing activities | (4,087) | (3,489) |
| Financing activities | ||
| Proceeds from the exercise of stock options | 2,031 | 2,142 |
| Proceeds from the exercise of warrants | 1 | — |
| Principal payments on debt | (47,050) | (18,703) |
| Withholding taxes paid on stock-based compensation | (5,592) | — |
| Transaction costs paid in connection with the Business Combination | — | (1,196) |
| Proceeds from the repayment of promissory note to a member including interest | — | 19,353 |
| Net cash (used in) provided by financing activities | (50,610) | 1,596 |
| Net increase in cash, cash equivalents and restricted cash | 10,727 | 21,223 |
| Cash, cash equivalents and restricted cash, beginning of the period | 28,998 | 10,117 |
| Cash, cash equivalents and restricted cash, end of the period | $39,725 | $31,340 |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $39,120 | $29,948 |
| Restricted cash | 605 | 1,392 |
| Cash, cash equivalents and restricted cash | $39,725 | $31,340 |
| Supplemental disclosure of cash flow information: | ||
| Cash interest paid | $20,291 | $34,973 |
| Income taxes paid | $9,959 | $5,494 |
| Supplemental disclosure of non-cash investing activities: | ||
| Capitalized software development costs accrued but not paid | $292 | $— |
| Supplemental disclosure of non-cash financing activities: | ||
| Repurchase of common stock for net settlement of equity awards | $51 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.