← Smartbird, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($14.5m) | ($25.9m) | ($45.4m) | ($101.4m) | ($152.5m) | ($93.3m) | ($77.3m) | — | |
| Net loss from sales of businesses | — | — | — | $0 | $2.8m | $459k | $0 | — | |
| Depreciation and amortization | $3.4m | $7.1m | $9.7m | $14.7m | $21.0m | $12.4m | $8.0m | $7.5m | |
| Amortization of debt issuance costs | $41k | $49k | $49k | $49k | $49k | $8k | $482k | — | |
| Deferred taxes | $3.0m | ($39k) | $252k | ($898k) | ($474k) | $912k | $65k | — | |
| Stock-based compensation | $4.2m | $6.8m | $11.2m | $19.9m | $19.3m | $11.5m | $7.8m | $6.6m | |
| Stock-based compensation included in capitalized internal-use software | — | $0 | $0 | $1.2m | $866k | $267k | $113k | $6.6m | |
| Impairment expense | — | $0 | $0 | $3.3m | $27.4m | $1.8m | $4.2m | — | |
| Accounts receivable | ($57k) | ($740k) | ($9.1m) | $1.6m | $1.0m | $2.0m | ($643k) | ($246k) | |
| Inventory write-down | — | $0 | $0 | $14.4m | $8.3m | $2.7m | $2.8m | — | |
| Inventory | ($10.8m) | ($13.9m) | ($48.5m) | ($24.7m) | $47.5m | $6.9m | $3.0m | $3.2m | |
| Accounts payable and accrued expenses | $16.2m | $1.2m | $25.2m | ($37.6m) | ($6.7m) | $1.0m | $2.6m | — | |
| Deferred revenue | $737k | $812k | $1.3m | ($126k) | $569k | ($472k) | ($209k) | — | |
| Purchase of property and equipment included in accrued liabilities | $677k | $138k | $979k | $601k | $0 | $54k | $24k | ($2.6m) | |
| Prepaid expenses and other current assets | ($4.7m) | ($11.2m) | ($11.5m) | $18.1m | ($1.2m) | $1.6m | $4.1m | — | |
| Restricted cash included in prepaid expenses and other current assets | — | $700k | $0 | $632k | $641k | $851k | $862k | — | |
| Net cash used in operating activities | $42k |
($34.6m)
-82428.57%
|
($50.9m)
-47.06%
|
($90.6m)
-78.14%
|
($30.2m)
+66.64%
|
($63.9m)
-111.30%
|
($55.1m)
+13.74%
|
($39.3m)
+28.72%
|
|
| Purchase of property and equipment | ($13.1m) | ($14.3m) | ($24.2m) | ($31.4m) | ($10.9m) | ($4.1m) | ($3.1m) | ($2.6m) | |
| Net cash (used in) provided by investing activities | ($15.2m) | ($16.3m) | ($25.6m) | ($32.3m) | ($7.7m) | $2.1m | ($1.9m) | — | |
| Proceeds from the issuance of common stock | — | $0 | $0 | $1.2m | $327k | $254k | $1.8m | — | |
| Net cash provided by financing activities | $25.7m |
$102.2m
+297.56%
|
$238.2m
+133.05%
|
$3.6m
-98.50%
|
$640k
-82.13%
|
$287k
-55.16%
|
$16.1m
+5500.35%
|
$16.1m
+0.43%
|
|
| Cash, cash equivalents, and restricted cash—beginning of year | $75.0m | $127.3m | $288.6m | $167.8m | $130.7m | $67.6m | $27.6m | — | |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | ($37k) | $909k | ($341k) | ($1.5m) | $200k | ($1.6m) | $882k | — | |
| Net decrease in cash, cash equivalents, and restricted cash | $10.5m | $52.2m | $161.3m | ($120.8m) | ($37.1m) | ($63.1m) | ($40.0m) | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Loss on disposal of assets | — | — | — | — | — | $0 | $391k | — | |
| Gift card breakage | — | — | — | — | — | $0 | ($2.0m) | — | |
| Operating lease right-of-use assets and current and noncurrent lease liabilities | — | $0 | $0 | $12.3m | $2.6m | ($11.3m) | ($8.3m) | — | |
| Other long-term liabilities | $1.5m | $1.9m | $5.3m | ($10.2m) | $38k | ($9k) | ($29k) | — | |
| Proceeds from sales of businesses | — | — | — | $0 | $2.2m | $4.0m | $390k | — | |
| Changes in security deposits | ($2.1m) | $69k | ($1.2m) | ($929k) | $810k | $2.2m | $852k | — | |
| Proceeds from line of credit | — | — | — | — | — | $0 | $19.2m | — | |
| Payments on line of credit | — | — | — | — | — | $0 | ($1.9m) | — | |
| Proceeds from the exercise of stock options | $588k | $440k | $5.5m | $2.8m | $894k | $34k | $8k | — | |
| Taxes withheld and paid on employee stock awards | $179k | $0 | $0 | ($166k) | ($581k) | ($1k) | ($4k) | — | |
| Payment of deferred financing costs | — | — | — | — | — | $0 | ($3.1m) | — | |
| Cash paid for interest | $55k | $235k | $118k | $88k | $111k | $124k | $58k | — | |
| Cash and cash equivalents | — | $126.6m | $288.6m | $167.1m | $130.0m | $66.7m | $26.7m | $39.9m |