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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (16,603) $ (11,195)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,507 2,650
Amortization of operating lease-right-of use assets 1,433 1,596
Stock-based compensation 12,792 10,621
Loss on disposal of property and equipment 52 0
(Benefits from) provision for credit losses (73) 14
Provision for excess and obsolete inventory 1,037 596
Gain on investments, accretion, and amortization, net (2,385) (3,704)
Interest expenses for accretion of the legal settlement liabilities 447 831
Change in operating assets and liabilities:    
Trade accounts receivable 10,153 (745)
Inventories 9,199 (159)
Prepaid expenses and other assets 543 (3,169)
Trade accounts payable 96 (1,699)
Accrued expenses and other liabilities (9,389) 275
Legal settlement liabilities (70) (210)
Operating lease liabilities (1,160) (1,415)
Deferred revenue 582 5,721
Net cash provided by operating activities 10,161 8
Cash flows from investing activities:    
Purchases of marketable securities (113,985) (129,081)
Proceeds from maturities of marketable securities 112,000 10,000
Proceeds from sale of property and equipment 76 0
Purchase of property and equipment (1,620) (1,818)
Acquisition of business 0 (44,895)
Purchase of intangible assets (203) (55)
Payment for additional investment in Cytek Japan 0 (235)
Net cash used in investing activities (3,732) (166,084)
Cash flows from financing activities:    
Repayment of loan (278) (287)
Proceeds from Employee Stock Purchase Plan 1,007 966
Payments for taxes related to net share settlement of equity awards (278) (168)
Proceeds from issuance of common stock under employee stock plans 730 686
Proceeds from line of credit 1,391 0
Payments for repurchase of shares (2,670) (981)
Net cash (used in) provided by financing activities (98) 216
Effect of exchange rate changes on cash, cash equivalents and restricted cash 3,957 (2,096)
Cash, cash equivalents and restricted cash:    
Net increase (decrease) in cash, cash equivalents and restricted cash 10,288 (167,956)
Cash, cash equivalents and restricted cash at beginning of period 167,630 299,500
Cash, cash equivalents and restricted cash at end of period 177,918 131,544
Supplemental disclosure of cash flow information:    
Cash paid for taxes 1,058 683
Non-cash investing and financing activities:    
Fixed asset purchases in accounts payable or accrued purchase at period end 123 30
Intangible asset in accounts payable or accrued expenses at period end $ 0 $ 8