Nanostring technologies, inc. (NSTG)
CashFlow / Quarterly
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'14Dec'13Sep'13Jun'13Mar'13
Operating activities
Net loss

-38,624

23,987

-22,748

-20,037

-21,898

-21,110

-16,487

-20,601

-19,202

-8,751

-11,404

-4,555

-18,852

-11,593

-10,088

-10,805

-14,603

-8,816

-9,467

-12,404

-14,894

-12,380

-12,148

-14,088

-11,422

-8,827

-7,700

-5,495

-7,259

Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation expense

4,303

4,752

4,748

5,076

2,882

2,792

2,835

2,903

2,945

3,168

3,092

2,842

2,267

2,534

2,195

2,382

1,927

1,529

1,847

1,650

1,252

1,322

1,306

1,259

1,039

379

278

257

231

Depreciation and amortization

1,213

1,294

1,248

1,200

1,177

1,095

1,005

1,065

905

946

747

847

814

762

764

759

692

957

313

622

485

475

370

349

396

630

459

437

464

Payment of accrued interest of long-term debt

2,593

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revaluation of preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2,312

1,638

-482

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

51

-

52

59

51

Gain (Loss) on Extinguishment of Debt

-7,143

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

819

235

232

180

163

162

96

96

84

-27

113

43

42

43

41

37

37

18

0

0

0

-696

696

-436

88

-441

281

-20

-79

Loss on equity securities

-1,360

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premium on short-term investments

141

193

247

-242

6

95

-337

30

-66

-85

-35

11

-89

110

-17

-3

-70

17

-135

-64

-88

41

-153

-147

173

-

-

-

-

Non-cash operating lease cost

775

762

737

681

651

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of accrued interest to long-term debt

0

628

624

488

453

400

383

377

370

375

373

365

359

364

361

317

315

252

277

271

267

-

-

-

0

-

-

-

-

Provision for bad debts

6

0

-100

0

38

0

22

238

207

0

160

201

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory obsolescence

8

147

230

112

442

62

584

45

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

Gain on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

0

2

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-5,926

7,581

472

919

833

-1,245

1,165

1,329

-3,056

1,275

-37

1,951

-5,466

1,156

-4,196

9,714

-4,198

6,861

-314

2,747

-1,966

-2,826

6,192

1,645

-902

1,539

2,013

423

1,034

Inventory

2,712

1,314

2,800

3,896

465

-1,783

-1,832

-819

-817

2,871

3,399

1,635

837

3,144

-570

904

2,379

-1,167

2,436

1,643

2,690

54

137

289

772

1,034

89

290

-43

Prepaid expenses and other assets

-3,318

-1,942

1,804

2,111

1,377

296

1,101

235

1,082

-1,134

906

1,313

193

-641

792

498

-758

-565

-1,725

865

226

914

282

368

568

179

287

371

842

Other assets

-

-

-

-

-

-

-

-

-

-

-

5

82

-

22

89

0

111

-35

-34

-35

190

13

3

-136

-7

144

140

-9

Accounts payable

-260

1,428

524

-658

-1,893

3,379

134

411

716

1,604

-1,322

1,711

-2,103

2,047

-1,838

390

270

691

132

-2,086

1,097

1,231

-555

80

-735

480

295

888

-62

Accrued liabilities

-426

143

1,333

-1,324

1,124

894

-887

1,303

-1,804

601

-306

1,216

-199

1,735

1,057

1,778

-4,610

2,933

76

658

-3,747

2,712

717

1,601

-1,651

640

1,709

1,530

-1,201

Accrued compensation and other employee benefits

-5,821

4,799

1,074

2,459

-4,765

2,931

1,153

2,171

-2,792

1,195

769

1,732

-3,401

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-2,305

-73

-907

1,428

-2,226

-2,041

706

2,747

-2,190

230

7,941

-54

218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

1,115

-292

-1,620

-3,791

-833

-990

-644

-323

178

-9,553

-6,301

-13,063

-244

-1,807

-559

12,312

20,002

-214

-635

1,385

-663

169

4,218

5,327

-217

469

221

124

211

Operating lease liabilities

-887

-805

-781

-109

-811

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and other liabilities

-

-

-

-

-

-119

-130

-130

-124

-95

-54

-70

1,390

1,430

131

771

904

3,804

-183

-518

-310

-989

116

136

130

197

194

190

183

Net cash used in operating activities

-27,783

-19,536

-20,729

-20,979

-28,177

-14,415

-11,327

-10,473

-17,850

-12,353

-10,338

-13,700

-15,266

-6,430

-3,969

-3,261

7,581

-4,600

-7,497

-14,545

-16,720

-4,879

-12,503

-7,621

-13,058

-9,863

-7,241

-5,232

-9,010

Investing activities
Investing activities
Purchases of property and equipment

3,939

6,053

685

982

165

1,630

1,123

626

1,106

480

420

891

2,493

1,282

478

1,403

828

1,949

283

932

632

616

48

790

446

259

246

118

136

Proceeds from sale of short-term investments

4,000

0

2,500

0

0

2,500

0

2,710

2,700

1,300

1,300

0

1,000

1,300

2,150

0

1,250

0

0

0

3,000

0

2,000

-3,171

5,671

-

-

-

-

Proceeds from maturity of short-term investments

48,584

13,900

23,950

20,600

39,520

17,200

8,500

15,820

9,780

41,275

9,850

17,699

10,775

5,600

12,500

5,500

11,200

11,131

11,948

11,551

22,679

9,302

15,450

11,225

0

-

-

-

-

Purchases of short-term investments

38,804

25,660

19,505

74,479

28,100

15,500

56,150

0

6,000

33,100

13,520

24,660

10,125

17,174

19,975

16,175

12,450

9,600

4,000

7,250

11,900

15,640

7,871

9,769

29,631

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-59

-

-

-

-

Net cash provided by investing activities

9,841

22,187

6,260

-54,861

11,255

2,570

-48,773

17,904

5,374

8,995

-2,790

-7,852

-843

-11,556

-5,799

-12,078

-828

-432

7,665

3,389

13,147

-6,954

9,531

-2,505

-24,347

551

-33,252

-118

-136

Financing activities
Proceeds from issuance of 2025 convertible senior notes

230,000

0

0

20,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees paid for issuance of 2025 convertible senior notes

7,403

-100

0

100

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

80,000

-

-

-

0

-

-

-

-

0

0

26

32

34

57

67

68

68

68

67

68

63

57

16,965

1,129

48

54

54

55

Proceeds from sale of common stock, net

0

0

0

0

68,273

-18

53,847

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock warrants

737

407

515

609

697

744

843

675

748

499

175

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

686

1,019

Tax withholdings related to net share settlements of restricted stock units

2,006

0

175

0

1,299

10

89

0

108

4

61

0

248

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

57,016

-

-

-

-

Proceeds from issuance of common stock for employee stock purchase plan

1,122

0

1,013

0

939

0

684

0

767

0

867

0

926

0

722

0

767

-1

632

0

664

0

546

0

442

-

-

-

-

Proceeds from exercise of stock options

6,969

2,488

3,234

4,590

8,075

780

1,733

583

411

194

291

313

288

1,893

319

126

269

330

194

270

82

241

-13

75

108

9

5

51

322

Net cash provided by financing activities

144,574

2,895

4,587

25,099

76,685

14,987

57,018

1,258

1,818

689

1,272

56,773

934

28,126

940

5,059

968

10,258

748

12,584

678

10,178

612

2,339

56,437

-39

49,030

4,311

-752

Net increase in cash and cash equivalents

126,632

5,546

-9,882

-50,741

59,763

3,142

-3,082

8,689

-10,658

-2,669

-11,856

35,221

-15,175

10,140

-8,828

-10,280

7,721

5,226

916

1,428

-2,895

-1,655

-2,360

-7,787

19,032

-9,351

8,537

-1,039

-9,898

Effect of exchange rate changes on cash and cash equivalents

-73

45

-47

3

-10

15

-5

-52

28

8

6

10

8

-25

2

-13

10

-5

-18

-39

20

-

-

-

0

-

-

-

-

Supplemental disclosures
Operating lease right-of-use assets obtained in exchange for lease obligations

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-