Avinger inc (AVGR)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows from operating activities
Net loss

-20,246

-19,450

-20,419

-21,184

-22,332

-27,558

-31,618

-36,673

-43,673

-48,732

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-53,094

-

0

0

-34,410

-

0

0

0

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

915

890

1,200

1,191

1,204

1,281

1,049

1,140

1,325

1,476

1,573

1,668

1,598

1,506

1,434

1,353

1,319

1,300

1,280

1,303

1,362

1,451

0

0

0

Amortization of debt issuance costs and debt discount

171

171

159

146

288

117

119

151

28

218

248

248

237

222

207

196

196

199

0

0

0

-

-

-

-

Amortization of debt issuance costs and debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Stock-based compensation

2,049

2,091

2,584

2,829

2,954

3,080

2,797

3,349

4,043

4,966

6,288

6,681

6,956

7,392

7,509

7,007

6,645

5,899

3,823

2,804

1,685

641

0

0

0

Noncash interest expense and other charges

1,701

1,575

1,450

1,321

1,237

5,634

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Remeasurement of warrant and embedded derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Remeasurement of warrant liability and embedded derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Noncash interest expense and other charges

1,701

1,575

1,450

1,321

1,237

5,634

6,933

7,206

7,421

3,252

2,177

2,128

1,977

1,812

1,623

1,934

1,958

2,074

0

0

0

-

-

-

-

Provision for doubtful accounts receivable

-

-

-

-

-

-

66

71

25

125

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision for excess and obsolete inventories

330

272

364

483

1,039

914

950

2,451

4,164

5,500

5,321

3,909

1,760

797

687

446

276

-26

0

0

0

-

-

-

-

Other non-cash charges

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Provision for excess and obsolete inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

185

248

-71

-377

-103

160

330

256

-710

-2,318

-3,391

-1,812

-1,851

1,512

2,533

1,753

2,744

-7

263

316

-501

441

0

0

0

Inventories

410

1,169

2,017

1,733

1,431

92

-1,384

-1,319

-547

1,181

3,751

4,991

5,470

6,099

6,776

5,466

3,968

2,307

-748

-807

-2,132

-1,714

0

0

0

Prepaid expenses and other current assets

203

-128

-37

-110

-137

-5

-150

-51

-196

-22

108

49

311

130

94

102

-179

363

135

548

457

-444

0

0

0

Other assets

0

-

-

-

-

-

-

0

0

-

-

-

-

-13

0

0

0

-

-

-

-

-2

0

0

0

Accounts payable

416

-485

-651

114

-790

-125

729

-178

598

-334

-509

435

-1,121

470

849

-313

587

84

-639

276

833

17

0

0

0

Accrued compensation

290

585

203

242

61

334

-416

-713

-1,234

-1,945

-1,421

-355

-1,161

-275

491

138

1,991

1,936

0

0

0

-

-

-

-

Leasehold liability

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accrued expenses and other current liabilities

-211

-795

-358

-498

-463

-2,208

-2,927

-2,948

-3,485

-1,205

-645

-321

-335

-191

-410

-1,024

-1,214

-962

-425

1,427

1,907

2,080

0

0

0

Other long-term liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities and accrued interest

-

-

-

-

-

-

7

-33

-156

-259

-680

-863

-1,064

-949

-675

-1,934

-1,777

-1,662

0

0

0

-

-

-

-

Net cash used in operating activities

-16,238

-17,264

-17,766

-16,735

-17,585

-18,466

-19,614

-23,511

-28,090

-34,476

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities
Purchase of property and equipment

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-49,155

-

0

0

-24,320

-

0

0

0

Purchase of property and equipment

-

88

0

0

0

-

-

-

-

-

-

-

-

971

1,157

1,199

670

577

368

216

324

117

0

0

0

Proceeds from sale of property and equipment

-

18

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-70

309

51

-115

-4

-383

-121

34

-41

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-415

-

0

0

-324

-

0

0

0

Principal paydown of capital lease obligations

-

-

-

-

-

-

-

-

-

25

25

24

24

27

28

27

27

22

18

18

17

17

0

0

0

Proceeds from public offerings, net of issuance costs

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from initial public offering, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from the issuance of common stock related to warrant exercises

-

7,993

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

323

0

0

0

-

-

-

-

Proceeds from the issuance of common stock under officers and directors purchase plan

72

63

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of convertible preferred stock, net of issuance costs

-

-

-

-

-

15,525

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock in public offerings, net

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for deferred initial public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

805

0

0

0

-

-

-

-

-

-

-

-

Proceeds from the issuance of convertible preferred stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,176

0

0

0

-

-

-

-

Proceeds from the issuance of common stock related to CRG loan, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by financing activities

9,398

11,867

21,910

21,294

19,989

29,491

19,835

19,812

19,440

3,810

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,048

-

0

0

87,227

-

0

0

0

Net change in cash and cash equivalents

-6,845

-5,467

4,453

4,610

2,289

11,021

-162

-3,820

-8,616

-30,707

-33,111

-8,475

-3,848

-6,963

-11,500

-38,258

-42,522

30,743

42,568

54,930

62,583

95

0

0

0

Supplemental disclosure of cash flow information
Cash paid for interest

-

-

-

-

-

-

-

-

-

3,942

4,841

4,804

4,590

4,354

4,054

6,633

6,836

5,934

5,568

2,380

1,751

2,281

0

0

0

Noncash investing and financing activities:
Conversion of convertible preferred stock to common stock upon initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

137,632

0

0

0

-

-

-

-

Accounts payable for purchases of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

-

-

Accretion of Series A preferred stock dividends

3,652

3,580

3,521

3,462

3,403

2,918

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of CRG loan principal and accrued interest into Series A Convertible preferred stock

-

-

-

-

-

42,794

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of Series A preferred stock to pay dividends

-

6,498

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Modification of convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,384

0

0

0

-

-

-

-

Vesting of common stock subject to repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

15

16

5

5

0

0

0

Issuance of common stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

804

0

0

0

-

-

-

-

Transfers between inventory and property and equipment

161

408

0

0

0

-

-

-

-

-

-

-

-

2,245

2,215

1,854

1,199

921

-1,252

-1,128

-871

-916

0

0

0

Reclassification of right of use asset to prepaid rent

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividend arising from beneficial conversion feature of convertible preferred stock

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-