IRIDEX CORP IRIX Cash Flow

Iridex corp (IRIX)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities:
Net loss
-1,651,000	-1,561,000	-1,785,000	-2,419,000	-3,048,000	-2,856,000	-	-3,074,000	-3,280,000	-3,603,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-2,750,000	-1,866,000	-10,815,000	-671,000	-328,000	101,000	438,000	442,000	-652,000	246,000	8,764,000	490,000	297,000	487,000	412,000	530,000	415,000	874,000	242,000	-745,000	336,000	1,605,000	786,000	349,000	909,000	566,000
Less income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,000	-190,000	-61,000	1,870,000	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	253,000	-555,000	397,000	-265,000	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
143,000	170,000	164,000	168,000	186,000	192,000	-	222,000	202,000	193,000	-	198,000	243,000	210,000	207,000	187,000	170,000	149,000	142,000	133,000	137,000	132,000	120,000	113,000	104,000	95,000	108,000	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of earn-out liability
-	0	-80,000	53,000	74,000	55,000	-	39,000	26,000	29,000	-	138,000	61,000	36,000	25,000	9,000	53,000	22,000	11,000	134,000	-161,000	24,000	8,000	955,000	112,000	92,000	99,000	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
95,000	305,000	158,000	625,000	615,000	287,000	-	673,000	415,000	428,000	-	565,000	521,000	444,000	392,000	551,000	470,000	578,000	222,000	170,000	163,000	229,000	333,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	381,000
(Loss) income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	185,000
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126,000	-	107,000	90,000	113,000	223,000	90,000	24,000	73,000
Change in fair value of earn-out liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	-	-	-	-	-	-	-	-
Change in fair value of earn-out liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117,000	49,000	29,000	-	55,000	0	0
Stock-based compensation cost recognized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	244,000	-	177,000	173,000	161,000	111,000	-20,000	150,000	147,000	153,000	106,000	90,000	129,000
Provision for doubtful accounts
42,000	0	0	0	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,000	37,000	13,000	26,000	10,000	1,000	0	6,000	54,000	57,000	-1,000	1,000	-24,000	0	0	0	-12,000
Changes in operating assets and liabilities:
Provision for inventory reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-91,000	42,000	18,000
Accounts receivable
-2,292,000	536,000	708,000	-335,000	-638,000	592,000	-	1,288,000	742,000	-1,463,000	-	477,000	327,000	-1,807,000	-1,159,000	2,155,000	-499,000	-806,000	15,000	1,572,000	453,000	-723,000	-295,000	796,000	332,000	553,000	-603,000	1,603,000	-405,000	123,000	605,000	41,000	-429,000	783,000	-433,000	-3,000	126,000	-595,000	554,000
Inventories
35,000	-733,000	-19,000	273,000	-66,000	70,000	-	-251,000	-207,000	-75,000	-	-1,117,000	-719,000	-340,000	85,000	-1,035,000	537,000	999,000	36,000	-78,000	1,013,000	317,000	735,000	-485,000	-149,000	-105,000	-747,000	551,000	1,058,000	793,000	112,000	493,000	3,000	501,000	379,000	32,000	-126,000	964,000	157,000
Prepaid expenses and other current assets
290,000	-188,000	-4,000	-174,000	221,000	62,000	-	-161,000	-28,000	181,000	-	-171,000	183,000	-80,000	118,000	-775,000	665,000	135,000	39,000	-280,000	51,000	26,000	79,000	-38,000	-38,000	-144,000	154,000	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
-302,000	-	-	-	-307,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-561,000	-28,000	-6,000	-	-111,000	56,000	708,000	50,000	-61,000	40,000	46,000
Other long-term assets
-11,000	-36,000	-8,000	6,000	-9,000	-24,000	-	43,000	3,000	27,000	-	95,000	-1,000	-26,000	-5,000	-7,000	-20,000	-41,000	-16,000	-20,000	-11,000	-15,000	-11,000	-17,000	-21,000	-29,000	-15,000	70,000	-47,000	-18,000	11,000	68,000	49,000	-13,000	-16,000	-	-	-	-
Other long term assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,000
Accounts payable
-1,091,000	162,000	234,000	-204,000	-116,000	-40,000	-	309,000	267,000	252,000	-	-140,000	84,000	-164,000	-50,000	-478,000	-722,000	498,000	473,000	-336,000	499,000	-464,000	766,000	-84,000	-166,000	238,000	-508,000	201,000	-496,000	1,293,000	-825,000	576,000	-610,000	595,000	-36,000	-185,000	156,000	191,000	-96,000
Accrued compensation
-681,000	452,000	-204,000	606,000	-1,417,000	678,000	-	-108,000	651,000	-718,000	-	121,000	180,000	589,000	-777,000	772,000	-176,000	467,000	-289,000	261,000	-159,000	71,000	-464,000	361,000	273,000	-169,000	-493,000	-	-	-	-	-	-	-	-	-	-	-	-172,000
Accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	91,000	-121,000	-	691,000	-191,000	307,000	-	-	-	-
Accrued expenses
1,000	-26,000	-221,000	18,000	-523,000	279,000	-	190,000	-19,000	164,000	-	372,000	-22,000	216,000	-541,000	462,000	-105,000	191,000	-70,000	144,000	-232,000	175,000	-123,000	90,000	166,000	343,000	-582,000	136,000	247,000	-320,000	108,000	243,000	-116,000	-132,000	-751,000	318,000	426,000	-452,000	-7,000
Accrued warranty
-140,000	23,000	-63,000	-131,000	-153,000	28,000	-	-94,000	-189,000	-620,000	-	1,053,000	16,000	17,000	46,000	-	-40,000	0	7,000	75,000	8,000	9,000	42,000	-69,000	32,000	22,000	16,000	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-108,000	-84,000	-89,000	-285,000	43,000	8,000	-	-99,000	71,000	-275,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-343,000	-	-	-	-282,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	11,000	-7,000	-75,000	3,000	-14,000	-17,000	-76,000	4,000	8,000	13,000
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-16,000	-22,000	-	-	-	-	100,000	12,000	2,000	18,000	4,000	92,000	-1,000	-49,000	71,000	44,000	75,000	-61,000	143,000	61,000	-107,000	-107,000	54,000	-17,000	-13,000	-12,000
Other long-term liabilities
-	-	-	-	-	14,000	-	-60,000	40,000	93,000	-	45,000	49,000	28,000	3,000	39,000	12,000	11,000	3,000	21,000	20,000	19,000	7,000	1,000	1,000	-124,000	102,000	-	-	-	-12,000	0	98,000	-77,000	0	6,000	6,000	14,000	0
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,622,000	-339,000	-1,633,000	1,302,000	526,000	-239,000	-739,000	-232,000	617,000	1,354,000	1,237,000	778,000	645,000	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-1,453,000	-189,000	-2,563,000	-1,364,000	-3,797,000	-2,051,000	-	-2,921,000	-2,326,000	-2,727,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-406,000	407,000	263,000	-566,000	-1,242,000	1,526,000	1,225,000	227,000	-727,000
Investing activities:
Acquisition of property and equipment
68,000	3,000	14,000	44,000	67,000	49,000	-	17,000	100,000	274,000	-	33,000	106,000	95,000	341,000	270,000	425,000	278,000	89,000	144,000	143,000	191,000	397,000	96,000	128,000	236,000	108,000	145,000	163,000	54,000	18,000	84,000	136,000	53,000	121,000	63,000	104,000	0	36,000
Payment on earn-out liability
-	63,000	119,000	103,000	96,000	85,000	-	116,000	94,000	92,000	-	90,000	114,000	94,000	84,000	93,000	123,000	94,000	96,000	95,000	92,000	140,000	96,000	98,000	97,000	170,000	94,000	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-68,000	-66,000	-133,000	-147,000	-163,000	-134,000	-	-133,000	-194,000	-366,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-101,000	-171,000	-215,000	-129,000	-207,000	-63,000	-179,000	0	-36,000
Financing activities:
Payment on earn-out liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	89,000	115,000	83,000	-	403,000	-76,000	-86,000	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-425,000	-363,000	-548,000	-372,000	-185,000	-239,000	-235,000	-331,000	-493,000	-194,000	-225,000	-406,000	-202,000	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,263,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
-	-	-	-	-	1,000	-	35,000	39,000	23,000	-	49,000	113,000	52,000	163,000	59,000	237,000	168,000	245,000	280,000	133,000	127,000	487,000	319,000	333,000	520,000	329,000	418,000	263,000	541,000	273,000	40,000	41,000	128,000	236,000	-50,000	56,000	203,000	112,000
Taxes paid related to net share settlements of equity awards
2,000	5,000	50,000	8,000	93,000	18,000	-	24,000	14,000	138,000	-	39,000	26,000	0	268,000	0	0	91,000	8,000	0	1,000	5,000	600,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of legal costs in connection with tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,000	-	-	-	-	-	-	-	-
Payment of legal costs in connection with tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Net cash (used in) provided by financing activities
-2,000	-5,000	-50,000	-8,000	-93,000	-179,000	-	10,648,000	25,000	-115,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187,000	-2,217,000	-241,000	20,000	48,000	-177,000	-64,000	104,000	-190,000
Effect of foreign exchange rate changes
9,000	-35,000	61,000	-23,000	34,000	-167,000	-	86,000	18,000	23,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-1,514,000	-295,000	-2,685,000	-1,542,000	-4,019,000	-2,531,000	-	7,680,000	-2,477,000	-3,185,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	59,000	20,000	873,000	478,000	192,000	1,254,000	1,165,000	1,999,000	247,000	232,000	118,000	30,000	46,000	2,257,000	282,000	108,000	188,000	127,000	120,000	99,000	302,000
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,158,000	14,872,000	237,000	77,000	178,000	260,000	-1,016,000	-356,000	-305,000	-899,000	-832,000	-1,479,000	82,000	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148,000	142,000	604,000	-199,000	177,000	48,000	-264,000	836,000
Net cash provided by investing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,632,000	-	0	0	0
Net cash used in financing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Effect of foreign exchange rate changes from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,000	-1,000	0	0	0
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148,000	142,000	604,000	4,468,000	176,000	48,000	-264,000	836,000
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	736,000	111,000	14,170,000	-1,944,000	1,007,000	519,000	-218,000	-1,990,000	-919,000	-181,000	261,000	180,000	-1,107,000	525,000	-645,000	584,000	1,924,000	-320,000	-1,833,000	-51,000	-71,000	3,067,000	1,462,000	1,030,000	67,000	-117,000
Supplemental disclosure of cash flow information:
Cash paid during the year for Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,000	2,000	34,000	1,000	-6,000	1,000	30,000	2,000	-12,000	0	43,000	4,000	-548,000	11,000	-9,000	10,000	-116,000	-13,000	-3,000	-13,000	554,000	453,000	-490,000	5,000
Supplemental disclosure of non-cash activities:
Transfer of inventory to property and equipment
48,000	2,000	39,000	9,000	17,000	43,000	-	117,000	-54,000	60,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	0
Accrual for unsettled repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,000	-	-	-	-	-	-	-	-	-	-	-	-