• LAST PRICE
    0.1964
  • TODAY'S CHANGE (%)
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    below average

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  • May 15, 2024

      Show headlines and story abstract
    • 4:07PM ET on Wednesday May 15, 2024 by MT Newswires
      Companies Mentioned: VLD
      04:07 PM EDT, 05/15/2024 (MT Newswires) -- ...
    • 4:05PM ET on Wednesday May 15, 2024 by Dow Jones
      Companies Mentioned: VLD
    • 4:05PM ET on Wednesday May 15, 2024 by Dow Jones
      Companies Mentioned: VLD
      (In thousands) Three Months Ended ---------------------- March 31, March 31, 2024 2023 --------- ----------- Cash flows from operating activities Net loss (28,314) (36,325) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 4,567 1,560 Stock-based compensation 5,087 6,236 Loss on fair value of warrants 2,620 2,553 Loss on fair value of contingent earnout liabilities 437 9,653 Changes in assets and liabilities Accounts receivable (2,070) (5,162) Inventories 2,645 (1,425) Contract assets (2,118) (1,124) Prepaid expenses and other current assets 1,078 2,776 Other assets 396 247 Accounts payable (4,199) (2,694) Accrued expenses and other liabilities (218) (1,848) Contract liabilities (416) (4,583) Other noncurrent liabilities (18) (698) ------- ------- Net cash used in operating activities (20,523) (30,834) ------- ------- Cash flows from investing activities Purchase of property and equipment (6) (403) Production of equipment for lease to customers (1) (135) Proceeds from maturities of available-for-sale investments 3,500 21,500 ------- ------- Net cash provided by investing activities 3,493 20,962 ------- ------- Cash flows from financing activities Proceeds from ATM offering, net of issuance costs -- 10,458 Proceeds from revolver facility -- 5,000 Repayment of equipment loans -- (734) Issuance of common stock upon exercise of stock options 285 310 ------- ------- Net cash provided by financing activities 285 15,034 ------- ------- Effect of exchange rate changes on cash and cash equivalents 5 (6) Net change in cash and cash equivalents (16,740) 5,156 Cash and cash equivalents and restricted cash at beginning of period 25,294 32,783 ------- ------- Cash and cash equivalents and restricted cash at end of period $ 8,554 $ 37,939 ------- ------- Supplemental disclosure of cash flow information Cash paid for interest $ 556 $ 220 Supplemental disclosure of non-cash information Unpaid liabilities related to property and equipment (59) (16) Equipment for lease to customers returned to inventory 912 -- The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets to the total of such amounts shown on the condensed consolidated statements of cash flows: Three Months Ended ---------------------- March 31, March 31, 2024 2023 --------- ----------- Cash and cash equivalents $ 7,754 $ 37,139 Restricted cash (Other assets) 800 800 ------- ------- Total cash and cash equivalents, and restricted cash $ 8,554 $ 37,939 ------- -------
  • May 7, 2024

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