Cytek Biosciences Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
CTKB$5.79-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
Cytek Biosciences, Inc
Consolidated Statements of Cash Flows
| Nine months ended September 30, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net loss | $(15,663) | $(17,651) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 5,358 | 4,417 |
| Amortization of operating lease right-of-use assets | 2,391 | 2,388 |
| Stock-based compensation | 19,845 | 16,379 |
| Loss on disposal of property and equipment | 52 | 7 |
| (Benefits from) provision for credit losses | (73) | 55 |
| Provision for excess and obsolete inventory | 1,378 | 798 |
| Gain on investments, accretion, and amortization, net | (3,631) | (5,265) |
| Interest expenses for accretion of the legal settlement liabilities | 512 | 1,311 |
| Change in operating assets and liabilities: | ||
| Trade accounts receivable | 3,901 | (7,595) |
| Inventories | 12,755 | (2,047) |
| Prepaid expenses and other assets | (2,067) | (2,336) |
| Trade accounts payable | 2,324 | 10 |
| Accrued expenses and other liabilities | (3,755) | 610 |
| Legal settlement liabilities | 11 | (374) |
| Operating lease liabilities | (2,300) | (2,154) |
| Deferred revenue | 2,344 | 7,216 |
| Net cash provided by (used in) operating activities | 23,382 | (4,231) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (166,812) | (152,563) |
| Proceeds from maturities of marketable securities | 150,000 | 78,000 |
| Proceeds from sale of property and equipment | 97 | — |
| Purchase of property and equipment | (2,631) | (3,148) |
| Acquisition of business | — | (44,896) |
| Purchase of intangible assets | (195) | (118) |
| Payment for additional investment in Cytek Japan | — | (235) |
| Net cash used in investing activities | (19,541) | (122,960) |
| Cash flows from financing activities: | ||
| Repayment of loan | (418) | (425) |
| Proceeds from Employee Stock Purchase Plan | 1,007 | 966 |
| Payments for taxes related to net share settlement of equity awards | (424) | (317) |
| Proceeds from issuance of common stock under employee stock plans | 877 | 1,127 |
| Proceeds from line of credit | 1,396 | — |
| Payments for repurchase of shares | (14,620) | (9,409) |
| Net cash used in financing activities | (12,182) | (8,058) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 3,014 | (622) |
| Cash, cash equivalents and restricted cash: | ||
| Net decrease in cash, cash equivalents and restricted cash | (5,327) | (135,871) |
| Cash, cash equivalents and restricted cash at beginning of period | 167,630 | 299,500 |
| Cash, cash equivalents and restricted cash at end of period | $162,303 | $163,629 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for taxes | $1,922 | $810 |
| Non-cash investing and financing activities: | ||
| Fixed asset purchases in accounts payable or accrued purchase at period end | $99 | $96 |
| Intangible asset in accounts payable or accrued expenses at period end | $— | $9 |
| Derecognition of right-of-use assets | $205 | $— |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $1,637 | $— |
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