| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net loss | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Net loss | ||||||||
- | - | - | - | - | - | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||
Depreciation and amortization | ||||||||
3,520 | 3,525 | 2,091 | 2,094 | 2,275 | 1,850 | 0 | 0 | 0 |
Stock-based compensation | ||||||||
6,484 | 6,308 | 6,034 | 5,790 | 266 | 252 | 0 | 0 | 0 |
Inventory write-downs | ||||||||
0 | - | - | - | - | - | - | - | - |
Trade-in guarantee | ||||||||
- | 268 | 0 | 0 | 0 | - | - | - | - |
Non-cash interest expense | ||||||||
0 | - | - | - | - | 1,031 | 0 | 0 | 0 |
Accretion of debt discount | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Deferred income taxes | ||||||||
173 | 109 | 233 | 138 | 143 | 140 | 0 | 0 | 0 |
Provision for doubtful accounts | ||||||||
- | - | - | - | 0 | - | - | - | 0 |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-2,453 | -8,749 | -1,745 | 12,564 | -6,201 | 8,065 | 0 | 0 | 0 |
Inventory | ||||||||
-9,413 | 809 | 11,231 | 12,581 | 17,278 | 12,847 | 0 | 0 | 0 |
Prepaid expenses and other current assets | ||||||||
-7,300 | -3,681 | -4,511 | -1,270 | 3,846 | 4,127 | 0 | 0 | 0 |
Other assets | ||||||||
2,282 | 3,803 | 219 | 79 | 1,515 | 42 | 0 | 0 | 0 |
Accounts payable | ||||||||
-21,523 | -20,075 | -6,807 | -4,505 | 8,021 | 16,049 | 0 | 0 | 0 |
Accrued expenses | ||||||||
-4,444 | -6,117 | -3,139 | 4,039 | 6,614 | 7,408 | 0 | 0 | 0 |
Deferred revenue | ||||||||
-3,646 | -3,664 | -3,479 | -4,839 | 449 | 82 | 0 | 0 | 0 |
Income tax payable | ||||||||
1,120 | 1,154 | 252 | 324 | 418 | 415 | 0 | 0 | 0 |
Net cash provided by (used in) operating activities | ||||||||
-27,920 | -33,523 | -22,955 | -26,036 | 4,013 | 3,861 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||
Purchase of property and equipment | ||||||||
1,094 | 992 | 1,193 | 779 | 800 | 787 | 0 | 0 | 0 |
Development of tooling and purchased software licenses | ||||||||
- | 364 | 637 | 769 | 1,026 | 1,758 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-1,349 | -1,356 | -1,830 | -1,548 | -1,826 | -2,545 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||
Proceeds from borrowings on long-term debt | ||||||||
- | - | - | - | - | 4,992 | 0 | 0 | 0 |
Repayment on long-term debt | ||||||||
0 | - | - | - | - | - | - | - | - |
Proceeds on line of credit | ||||||||
- | - | - | - | - | 72,135 | 0 | 0 | 0 |
Repayment on line of credit | ||||||||
- | 5,614 | 16,780 | 36,226 | 59,435 | 75,050 | 0 | 0 | 0 |
Proceeds from issuance of common stock, net of costs | ||||||||
- | 1,604 | 0 | 0 | 0 | - | - | - | - |
Cost associated with amendments to credit agreements | ||||||||
- | - | - | - | - | 69 | 0 | 0 | 0 |
Proceeds from exercise of stock options | ||||||||
250 | 81 | 74 | 61 | 47 | 17 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||
31,779 | 33,128 | 39,603 | 42,245 | 6,873 | 10,152 | 0 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ||||||||
2,510 | -1,751 | 14,818 | 14,661 | 9,060 | 11,468 | 0 | 0 | 0 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid for interest | ||||||||
722 | 1,043 | 1,648 | 1,413 | 791 | 546 | 0 | 0 | 0 |
Cash paid for income taxes | ||||||||
- | 273 | 455 | 550 | 314 | 259 | 0 | 0 | 0 |
Non-cash investing and financing activities: | ||||||||
Other assets included in accounts payable | ||||||||
- | - | -225 | -158 | -194 | 40 | 0 | 0 | 0 |