Traeger Inc
For the period ended Dec 31, 2023. Filed Mar 8, 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 8, 2024
COOK$65.35-9.6%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
Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Year-ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $605,882 | $655,901 | $785,545 |
| Cost of revenue | 382,325 | 427,129 | 484,780 |
| Gross profit | 223,557 | 228,772 | 300,765 |
| Operating expense: | |||
| Sales and marketing | 108,727 | 130,688 | 165,180 |
| General and administrative | 129,800 | 166,824 | 158,555 |
| Amortization of intangible assets | 35,554 | 35,554 | 34,379 |
| Change in fair value of contingent consideration | 4,698 | 10,002 | 3,800 |
| Goodwill impairment | — | 222,322 | — |
| Restructuring costs | 225 | 9,324 | — |
| Total operating expense | 279,004 | 574,714 | 361,914 |
| Loss from operations | (55,447) | (345,942) | (61,149) |
| Other income (expense): | |||
| Interest expense | (31,275) | (27,885) | (26,646) |
| Loss on extinguishment of debt | — | — | (5,185) |
| Other income (expense), net | 4,305 | (7,127) | 2,702 |
| Total other expense | (26,970) | (35,012) | (29,129) |
| Loss before provision for income taxes | (82,417) | (380,954) | (90,278) |
| Provision for income taxes | 1,985 | 1,186 | 1,489 |
| Net loss | $(84,402) | $(382,140) | $(91,767) |
| Net loss per share, basic and diluted | $(0.68) | $(3.19) | $(0.82) |
| Weighted-average common shares outstanding, basic and diluted | 123,726,252 | 119,698,776 | 112,374,669 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | $129 | $(61) | $(86) |
| Change in cash flow hedge | (2,088) | 23,410 | — |
| Amortization of dedesignated cash flow hedge | (10,364) | — | — |
| Total other comprehensive income (loss) | (12,323) | 23,349 | (86) |
| Comprehensive loss | $(96,725) | $(358,791) | $(91,853) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.