Venus concept inc. (HAIR)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-50,703

-17,747

-9,216

-10,227

-5,105

6,535

-7,069

-6,244

-7,431

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-5,007

-5,175

Adjustments to reconcile net loss to net cash used in operating activities:
Goodwill impairment

27,450

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

1,245

1,516

220

-21

325

801

268

139

132

122

139

171

142

Amortization of debt discounts and issuance costs

-

-

-

-

-

-

148

76

94

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

129

147

164

Stock-based compensation

517

1,085

355

343

375

838

167

127

125

116

118

125

106

Provision for bad debt

1,547

9,179

551

-300

561

10,089

569

7

263

-

-

-

-

Provision for inventory obsolescence

324

-

-

-

223

-

-

-

-

-

-

-

-

Finance expenses

2,032

-

-

-

218

-

-

-

-

-

-

-

-

Changes in fair value of preferred stock warrant liabilities

-

-

-

-

-

-

-

-

-

-1,231

1,425

0

193

Deferred tax expense

281

-

-

-

414

-

-

-

-

-

-

-

-

Change in fair value of earn-out liability

179

-

-

-

411

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-29

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable short- and long-term

-10,194

23,187

-150

-7,905

5,961

34,745

854

1,687

876

871

-129

829

41

Inventories

522

-6,751

-730

1,216

-165

4,519

1,473

752

-539

84

572

115

-752

Prepaid expenses

29

-

-

-

-32

-

-

-

-

-

-

-

-

Other current assets

-381

-

-

-

-114

-

-

-

-

-

-

-

-

Other long-term assets

-5

-

-

-

49

-

-

-

-

-

-

-

-

Trade payables

-193

-

-

-

-1,105

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

109

161

-230

-1,520

2,025

100

147

Accounts payable

-

-

-

-

-

-

946

710

300

-948

395

453

346

Accrued expenses and other current liabilities

-6,960

9,833

285

-1,936

1,389

1,475

-998

189

1,062

-942

993

-129

385

Severance pay funds

52

-

-

-

-24

-

-

-

-

-

-

-

-

Unearned interest income

-973

-

-

-

-108

-

-

-

-

-

-

-

-

Other long-term liabilities

-261

-

-

-

-410

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-93

-396

607

-

-62

59

18

Net cash used in operating activities

-15,405

-21,165

-7,330

-2,565

-8,535

-12,423

-8,457

-7,814

-4,955

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-3,257

Proceeds from sale of property and equipment

-

-

-

-

148

-

-

-

-

-

-

-

-

Purchases of property and equipment

61

770

14

-54

393

104

424

367

260

14

60

57

98

Net cash used in investing activities

-61

6,737

-14

-94

-245

-7,606

-424

-367

-260

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of long-term debt, net of financing fees

-

-

-

-

9,636

-

-

-

-

-

-

-

-

Drawdown of line-of-credit

423

-

-

-

1,023

-

-

-

-

-

-

-

-

Proceeds from 2020 Private Placement, net of costs of $1,950

20,300

-

-

-

-

-

-

-

-

-

-

-

-

Dividends from subsidiaries paid to non-controlling interest

218

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-98

Payment of earn-out liability

77

-

-

-

90

-

-

-

-

-

-

-

-

Installment payments

-

-

-

-

250

-

-

-

-

-

-

-

-

Proceeds from exercise of options

-

-

-

-

7

-184

6

190

196

27

7

1

8

Principal payments on long-term debt

-

-

-

-

-

-

0

11,300

2,000

2,000

2,000

2,000

2,000

Net cash provided by financing activities

20,428

30,719

6,499

-5,342

10,326

4,204

15,621

8,474

-1,804

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

2,342

-9

38

4

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-1,992

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

10

-59

NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

4,962

16,198

-802

-7,951

1,546

-13,483

6,731

331

-7,015

17,776

-3,697

2,966

-5,406

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for income taxes

329

-

-

-

1,087

-

-

-

-

24

0

0

4

Cash paid for interest

104

4,513

577

-5,090

6,166

2,831

679

286

275

-

-

-

-

Interest paid during the period

-

-

-

-

-

-

-

-

-

-

-

-

434

SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:
Purchase of property and equipment included in accounts payable

-

-

-

-

-

-

-14

8

10

-

-

-

-