v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (37,384) $ (58,625)
Less: net income from discontinued operations 58,948 7,088
Net loss from continuing operations (96,332) (65,713)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 28,510 25,192
Provision for credit losses 1,144 272
Change in fair value of contingent compensation   2,284
Stock-based compensation expense 7,705 10,297
Gain on sale 0 (2,572)
Change in fair value of earnout receivable (1,357) 0
Change in deferred taxes (4,892) (4,984)
Amortization of debt issuance costs and debt discounts 4,206 1,082
Amortization of right-of-use assets 829 1,561
Gain on debt extinguishment 0 (30,023)
Changes in assets and liabilities:    
Accounts receivable 948 12,374
Prepaid expenses and other current assets 1,332 2,106
Other assets 180 (1,342)
Accounts payable (5,461) 793
Deferred revenue (757) 184
Other accrued liabilities 2,134 (1,415)
Other liabilities 2,504 (1,675)
Net cash used in operating activities - continuing operations (59,307) (51,579)
Net cash provided by (used in) operating activities - discontinued operations 34,584 (24,841)
Net cash used in operating activities (24,723) (76,420)
Cash flows from investing activities:    
Sale of Veritone One, net of cash divested 2,850 0
Capital expenditures (6,098) (4,728)
Acquisitions, net of cash acquired   (50,268)
Net cash used in investing activities - continuing operations (1,448) (54,492)
Net cash used in investing activities - discontinued operations (160) (393)
Net cash used in investing activities (1,608) (54,885)
Cash flows from financing activities:    
Proceeds from issuance of common stock 4,501  
Proceeds from issuance of Senior Secured Term Loan   77,500
Payment of debt issuance costs   (3,120)
Repurchase of convertible senior notes   (37,500)
Payment of contingent consideration   (7,772)
Taxes paid related to net share settlement of equity awards (943) (1,153)
Proceeds from issuances of stock under employee stock plans, net 555 1,064
Settlement of deferred consideration for acquisitions (1,800) (2,690)
Payment of term loan principal (36,324)  
Net cash provided by (used in) financing activities - continuing operations (34,011) 26,329
Net cash provided by (used in) financing activities - discontinued operations (3,051)  
Net cash provided by (used in) financing activities (37,062) 26,329
Effect of exchange rates on cash, cash equivalents, and restricted cash 405  
Net decrease in cash, cash equivalents, and restricted cash (62,988) (104,976)
Cash, cash equivalents, and restricted cash, beginning of period 80,306 185,282
Cash, cash equivalents, and restricted cash, end of period 17,318 80,306
Less: Cash, cash equivalents, and restricted cash included in discontinued operations   32,830
Cash, cash equivalents, and restricted cash included in continuing operations 17,318 47,476
Cash paid during the period for:    
Income taxes paid 563 2,648
Interest paid 11,366 2,630
Non-cash investing and financing activities:    
Warrants issued in connection with the 2023 Term Loan   4,949
Fair value of shares issued for acquisition of businesses and contingent consideration   756
Stock-based compensation capitalized for software development 375 413
Lease liabilities arising from right-of-use assets   1,436
Fair value of earnout receivable - sale of Veritone One 6,310  
Fair value of indemnification receivable - sale of Veritone One 5,150  
GridBeyond [Member]    
Cash flows from investing activities:    
Proceeds from divestiture $ 1,800  
Energy Divestiture [Member]    
Cash flows from investing activities:    
Proceeds from divestiture   $ 504

Source