POLARITYTE, INC. PTE Cash Flow

Polarityte, inc. (PTE)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Oct'18	Sep'18	Jul'18	Jun'18	Apr'18	Mar'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
-79,960	-92,493	-89,766	-87,362	-78,570	-64,774	-	-60,445	-	-49,474	-	-40,674	-139,257	-130,829	-121,627	-118,913	-9,654	-4,640	-5,024	-2,803	-3,300	-3,809	-8,392	-10,854	-12,841	-16,197	-15,410	-16,327	-15,013	-12,642	-10,785	-10,228	-5,254	4,613	3,447	8,424	7,796	6,832	0	0	0
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	0	-	83	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from continuing operations
-	-	-	-	-	-	-	-	-52,561	-	-40,583	-	-139,340	-130,480	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities:
Loss from equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,780	-1,907	-413	-247	0	0	0	0	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Change in fair value of warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Change in fair value of warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stock based compensation expense
24,334	31,402	32,878	38,306	38,032	35,188	-	37,374	-	32,852	-	27,424	23,784	16,627	10,893	8,829	5,470	2,042	2,448	2,041	1,763	1,436	1,022	862	964	1,117	1,327	1,394	1,509	1,416	1,402	1,488	1,532	1,686	1,705	1,704	1,626	1,468	0	0	0
Change in fair value of derivatives
-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	0	0	-	-132	27	769	1,548	1,547	1,547	779	0	0	0	0	-17	0	0	0	-	-	-	-	-	-	-	-
Gain on asset sales, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment of capitalized software development costs and license fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	175	403	1,219	3,945	4,095	5,204	4,238	0	0	0
Provision for excess inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65	241	586	774	737	819	572	474	675	1,905	1,834	1,744	1,515	0	0	0	-	-	-	-
Gain on extinguishment of liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,465	1,593	2,337	1,813	1,287	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivatives
-	-	-	-	-	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
3,068	2,992	2,573	2,192	1,776	1,418	-	1,344	-	1,065	-	833	688	432	295	159	-7	0	4	25	28	61	498	608	704	745	389	362	351	381	0	0	0	-	-	-	-	-	-	-	-
Provision for price protection
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	1,782	2,312	1,976	4,648	4,605	4,200	4,952	2,993	2,408	2,488	2,679	4,324	4,759	4,732	4,447	3,928	0	0	0
Amortization of intangible assets
190	193	179	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	120	86	432	1,457	2,387	3,873	10,695	13,162	12,476	11,350	6,460	9,212	9,362	10,419	17,363	13,840	13,674	12,700	6,204	0	0	0
Amortization of debt discount
0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of common stock warrant liability
0	-	-	-	-	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-	-36	9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash adjustments
-11	-20	-89	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Customer credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Due from factor
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,374	1,020	-1,268	-6,565	15,888	2,711	2,104	4,156	2,997	0	0	0
Accounts receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-365	-1,219	-539	-2,767	-1,819	-2,736	-2,861	830	605	3,505	4,481	3,223	0	0	0
Accounts receivable
398	1,019	653	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
-76	-84	108	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,227	-1,379	-1,677	-1,958	-2,830	77	391	170	-2,228	-1,785	-1,195	-3,147	-2,328	1,654	-1,172	2,752	4,981	0	0	0
Capitalized software development costs and license fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76	56	85	457	1,985	3,060	4,582	8,193	8,540	9,638	10,971	8,966	9,719	10,403	9,441	16,022	17,636	18,530	18,064	0	0	0
Advance payments for inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57	-12	-70	-120	-1,007	-846	-143	-82	807	-610	-10	-924	-5,678	942	60	563	521	0	0	0
Prepaid expenses and other current assets
938	-193	153	1,328	1,144	840	-	515	-	142	-	252	-60	190	-74	-131	292	-54	-14	36	-185	-91	-204	-159	-173	-2,704	-435	-88	-182	1,086	592	44	-434	-844	-293	-188	632	1,918	0	0	0
Operating lease right-of-use assets
1,744	1,651	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
0	-	-	-	-	745	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Security deposits
-	-	-	-	-	-	-	-	0	-	0	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
3,418	1,269	5,716	3,640	1,126	4,105	-	3,551	-	2,069	-	4,094	1,784	1,411	988	307	744	85	-585	-581	-892	-2,194	-2,143	-1,721	-3,638	-1,993	-1,163	-5,054	-5,835	-6,417	-5,858	-5,558	-6,799	-4,868	2,230	3,678	7,085	8,752	0	0	0
Other current liabilities
-454	32	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-67	-72	-16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-1,685	-1,578	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from customers and deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21	-11	-857	207	-6,817	-41	787	-22	2,384	-174	-294	-2,219	-1,139	-331	-177	1,729	4,660	0	0	0
Net cash used in continuing operating activities
-	-	-	-	-	-	-	-	-19,949	-	-14,446	-	-11,933	-7,616	0	0	0	-	-	-	-4,294	-1,614	-4,250	-2,290	-2,250	-3,509	-5,783	-12,601	-12,357	-4,587	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by discontinued operating activities
-	-	-	-	-	-	-	-	0	-	-514	-	-362	33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-54,534	-56,648	-48,649	-45,447	-39,446	-27,419	-	-24,493	-	-18,763	-	-13,946	-12,295	-7,583	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,092	7,962	14,245	13,382	9,417	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment
2,233	2,773	3,220	5,421	5,971	7,474	-	9,304	-	7,118	-	6,289	3,670	2,544	2,253	1,961	1,538	0	0	0	0	-	-	-	-	347	362	459	537	274	337	304	247	338	313	319	505	465	0	0	0
Purchase of available-for-sale securities
48,996	40,072	39,202	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of available-for-sale securities
37,572	23,327	18,639	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of available-for-sale securities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in continuing investing activities
-	-	-	-	-	-15,846	-11,479	-	-8,941	-	-5,100	-	-3,670	-2,544	0	0	0	-	-	-	340	540	154	-330	-388	-877	-4,092	-3,959	-4,037	-3,774	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by discontinued investing activities
-	-	-	-	-	55	60	-	60	-	55	-	40	25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
6,415	-15,617	-21,896	-17,775	-17,936	-15,919	-	-11,547	-	-9,346	-	-6,249	-3,630	-2,519	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-338	-292	-1,098	-1,284	-1,244	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Payments to Zift
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from the sale of common stock and warrants
0	-	-	-	-	-	-	92,676	-	92,676	34,595	-	0	2,278	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Special cash dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	10,000	10,000	10,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock options exercised
31	529	0	0	0	-	-	267	-	287	804	-	1,346	1,301	1,123	588	-1	129	129	129	130	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Zift
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of inventory financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,765	0	0	-3	1,764	-1	0	-1	-1,238	1	0	-84	-4,319	0	0	0
Net proceeds from sale of units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,786	801	801	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for tax withholdings related to net share settlement
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration liability
-	225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on financing leases
0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from financing arrangements
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on financing arrangements
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on term note payable and financing arrangements
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
51,688	26,810	26,857	27,101	58,222	92,561	-	92,874	-	110,630	53,066	-	19,013	21,246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,390	-20	139	1,746	-2,489	0	0	0
Net increase (decrease) in cash and cash equivalents
3,569	-45,455	-43,688	-36,121	35,481	49,223	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127	10,931	1,747	762	770	-1,798	1,974	1,974	1,978	3,745	0	0	0	-	-	-	-	-	-	-	-
Effect of exchange rates on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	8	-2	2	-37	-25	-18	-71	-15	-32	-30	17	1	0	0	0
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	81,800	-	33,061	-	3,088	11,144	-3,709	-2,569	250	-10,530	-1,848	-1,738	-3,827	9,857	-2,353	-1,863	-1,870	-6,189	-7,893	-14,588	-14,414	-4,653	-8,462	-6,199	5,013	4,349	7,618	13,256	13,861	5,685	0	0	0
Cash paid during the year for interest and financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	327	410	396	448	455	500	531	551	870	892	963	1,008	1,255	0	0	0
Cash paid during the period for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-98	-60	0	147	104	66	6	0	0	0	0	26	77	77	591	0	0	0	-	-	-	-
Non-cash investing and financing activities:
Property and equipment additions acquired through finance leases
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unpaid liability for acquisition of property and equipment
240	273	849	921	1,106	1,299	-	1,059	-	747	-	694	360	54	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of stock-based compensation expense that was previously classified as a liability to paid-in capital
-	38	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unpaid tax liability related to net share settlement
0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allocation of proceeds from sale of common stock and warrants to warrant liability
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration earned and recorded in accounts payable
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series A, B, E preferred stock to common stock
-	-	-	-	-	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant exchange for common stock shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series A preferred stock to common stock
-	-	-	-	-	-	-	-	769	-	929	-	1,057	976	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series A preferred stock to common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series B preferred stock to common stock
-	-	-	-	-	-	-	-	4,020	-	4,055	-	36	549	549	514	513	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series C preferred stock to common stock
-	-	-	-	-	-	-	-	1,401	-	1,569	-	1,920	1,809	609	441	90	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series D preferred stock to common stock
-	-	-	-	-	-	-	-	312	-	702	-	1,108	1,517	1,797	1,407	818	140	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of Series F preferred stock for common stock
-	-	-	-	-	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extinguishment of warrant liability
-	-	-	-	-	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants exchanged for common stock
-	-	-	-	-	-	-	-	0	-	0	-	0	78	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividend - accretion of discount on Series F preferred stock
-	-	-	-	-	-	-	-1,602	-	-1,971	-	-1,971	-1,273	-369	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative dividends on Series F preferred stock
-	-	-	-	-	-	-	-466	-	-590	-	-590	-399	-124	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series F preferred stock dividends paid in common stock
-	-	-	-	-	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series F preferred stock dividends paid in common stock
-	-	-	-	-	-	-	-	0	-	0	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-