Traeger Inc
For the period ended Mar 31, 2024. Filed May 9, 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.
Mar 31, 2024 · Filed May 9, 2024
COOK$65.35-9.6%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 Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $144,914 | $153,161 |
| Cost of revenue | 82,351 | 97,738 |
| Gross profit | 62,563 | 55,423 |
| Operating expenses: | ||
| Sales and marketing | 21,679 | 22,075 |
| General and administrative | 32,138 | 26,679 |
| Amortization of intangible assets | 8,819 | 8,889 |
| Change in fair value of contingent consideration | — | 1,043 |
| Total operating expense | 62,636 | 58,686 |
| Loss from operations | (73) | (3,263) |
| Other income (expense): | ||
| Interest expense | (8,096) | (8,081) |
| Other income, net | 3,676 | 578 |
| Total other expense | (4,420) | (7,503) |
| Loss before provision for income taxes | (4,493) | (10,766) |
| Provision for income taxes | 190 | 164 |
| Net loss | $(4,683) | $(10,930) |
| Net loss per share, basic and diluted | $(0.04) | $(0.09) |
| Weighted average common shares outstanding, basic and diluted | 125,196,934 | 122,699,114 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | $87 | $(32) |
| Change in cash flow hedge | — | (2,088) |
| Amortization of dedesignated cash flow hedge | (2,225) | (2,373) |
| Total other comprehensive loss | (2,138) | (4,493) |
| Comprehensive loss | $(6,821) | $(15,423) |
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