7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 
      
    		                    
      cash flows from operating activities:
    		                    
      net income
    		-10,392,000 -20,306,000 -10,317,000 2,728,000 -51,586,000 -23,507,000 -11,029,000 7,576,000 -2,886,000 -4,079,000 -1,648,000 7,118,000 -5,945,000 -51,839,000 -3,280,000 24,715,000 1,777,000 27,745,000 46,723,000 43,043,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                    
      stock-based compensation
    		5,187,000 9,335,000 9,322,000 7,466,000 7,424,000 8,010,000 7,691,000 7,628,000 7,825,000 8,174,000 7,246,000 5,281,000 5,643,000 6,087,000 5,147,000 3,579,000 5,812,000 4,768,000 3,076,000 1,510,000 
      depreciation
    		3,479,000 3,351,000 3,373,000 3,955,000 3,314,000 3,093,000 3,087,000 3,194,000 3,083,000 3,036,000 2,897,000 3,033,000 2,546,000 2,545,000 2,604,000 2,719,000 2,643,000 2,502,000 2,436,000 2,612,000 
      amortization
    		10,109,000 9,853,000 9,782,000 9,866,000 9,566,000 9,501,000 9,515,000 9,483,000 9,507,000 9,757,000 9,741,000 8,871,000 10,352,000        
      benefit from doubtful accounts
    		0                    
      reversal of bargain purchase gain on business acquisition
    		0                    
      deferred income taxes, net of valuation allowance
    		   -1,350,000                 
      other
    		-7,000 -745,000 3,031,000 2,872,000 1,408,000 623,000 758,000 1,091,000 211,000 2,154,000 128,000 2,748,000 -1,194,000 2,348,000 567,000 1,642,000 583,000 -250,000 1,316,000 1,524,000 
      changes in operating assets and liabilities:
    		                    
      accounts receivable
    		-14,020,000 37,822,000 201,000 -41,973,000 -1,561,000 28,891,000 46,928,000 384,000 -31,996,000 -697,000 14,623,000 -77,517,000 13,316,000 65,612,000 54,434,000 -38,112,000 6,048,000 45,924,000 -13,416,000 -33,425,000 
      inventories
    		-19,542,000 -21,501,000 -22,237,000 27,884,000 16,301,000 -13,769,000 -12,101,000 -4,018,000 -16,110,000 -24,014,000 4,672,000 56,917,000 43,812,000 11,221,000 -662,000 31,580,000 -44,001,000 -45,387,000 -13,508,000 -19,200,000 
      prepaid expenses and other assets
    		726,000 1,771,000 2,247,000 5,681,000 -7,118,000 2,897,000 4,437,000 6,453,000 1,036,000 -4,510,000 -1,077,000 8,400,000 2,349,000 -1,334,000 -8,147,000 -5,387,000 1,855,000 -5,226,000 -4,419,000 12,478,000 
      accounts payable
    		-11,260,000 15,306,000 34,253,000 21,809,000 10,702,000 -24,056,000 -47,962,000 23,863,000 12,727,000 7,404,000 18,156,000 8,163,000 -30,595,000 -8,188,000 -35,308,000 -11,880,000 -14,180,000 -10,674,000 -26,988,000 23,750,000 
      other liabilities and accrued expenses
    		-1,367,000 -5,234,000 -12,470,000 19,198,000 8,620,000 -939,000 -21,582,000 -632,000 6,716,000 8,411,000 -10,703,000 293,000 3,437,000 -17,073,000 -27,607,000 -17,081,000 -6,600,000 4,825,000 25,875,000 26,931,000 
      net cash from operating activities
    		-36,991,000 30,193,000 18,750,000 55,555,000 25,101,000 -18,462,000 -26,317,000 57,093,000 -11,912,000 2,146,000 41,826,000 21,247,000 35,091,000 16,157,000 -6,106,000 -4,869,000 -34,336,000 31,629,000 27,768,000 68,629,000 
      capex
    		-4,339,000 -2,713,000 -3,072,000 -1,498,000 -3,322,000 -2,509,000 -2,520,000 -1,977,000 -3,327,000 -2,780,000 -4,677,000 -6,465,000 -7,929,000 -7,556,000 -4,365,000 -3,297,000 -2,783,000 -2,858,000 -2,036,000 -3,917,000 
      free cash flows
    		-41,330,000 27,480,000 15,678,000 54,057,000 21,779,000 -20,971,000 -28,837,000 55,116,000 -15,239,000 -634,000 37,149,000 14,782,000 27,162,000 8,601,000 -10,471,000 -8,166,000 -37,119,000 28,771,000 25,732,000 64,712,000 
      cash flows from investing activities:
    		                    
      purchase of property and equipment
    		-4,339,000 -2,713,000 -3,072,000 -1,498,000 -3,322,000 -2,509,000 -2,520,000 -1,977,000 -3,327,000 -2,780,000 -4,677,000 -6,465,000 -7,929,000 -7,556,000 -4,365,000 -3,297,000 -2,783,000 -2,858,000 -2,036,000 -3,917,000 
      purchase of intangible asset
    		   0 0                
      purchase price adjustment related to business acquisition
    		   0 0 0 1,041,000              
      acquisition of business, net of cash acquired
    		            0 0 -19,534,000  0 0 -1,684,000 -455,000 
      net cash from investing activities
    		-4,339,000 -2,713,000 -3,072,000 -2,164,000 -34,143,000 -14,919,000 -1,479,000 -1,977,000 -17,547,000 -2,780,000 -4,677,000 -6,555,000 -7,929,000 -8,651,000 -23,899,000 -6,502,000 -3,108,000 -2,858,000 -8,073,000 -4,372,000 
      cash flows from financing activities:
    		                    
      repayment of debt and debt issuance cost
    		                    
      borrowings from line of credit
    		   3,500,000                 
      repayment of line of credit
    		   -3,500,000        -75,500,000 -223,000,000 -110,000,000 -293,000,000      
      purchase of additional ownership interest
    		   0                 
      payment of deferred and contingent consideration
    		    0 0 -4,942,000         -43,000 -325,000 0 -4,353,000  
      proceeds from issuance of shares through employee equity incentive plans
    		2,052,000 1,000 3,440,000 267,000 1,810,000 949,000 2,351,000 659,000 411,000 4,262,000 2,117,000 2,883,000 624,000 2,985,000 523,000 3,379,000 2,027,000    
      payment of taxes related to net share settlement of equity awards
    		-164,000 -590,000 -390,000 -11,000 -147,000 -17,000 -398,000 -91,000 -531,000 -231,000 -556,000 -133,000 -402,000 -110,000 -887,000 -182,000 -208,000    
      dividend paid to noncontrolling interest
    		0 -190,000 -304,000 -570,000 -3,262,000 0 -1,960,000              
      net cash from financing activities
    		-365,000 -24,779,000 -22,254,000 -4,064,000 -24,474,000 -2,193,000 -19,949,000 -24,182,000 -6,100,000 2,781,000 -9,886,000 76,536,000 -3,250,000 1,229,000 -1,906,000 1,779,000 -23,642,000 -15,726,000 -27,815,000 -52,760,000 
      effect of exchange rate changes on cash
    		299,000 2,219,000 -526,000 -1,302,000 535,000 -22,000 -636,000 -140,000 -683,000 -188,000 730,000 1,150,000 -932,000 -2,018,000 -1,484,000 -1,357,000 -1,136,000 -76,000 134,000 1,930,000 
      net decrease in cash and restricted cash
    		-41,396,000 4,920,000 -7,102,000            -33,395,000    -7,986,000  
      cash and restricted cash at the beginning of the period
    		0 0 109,631,000  0 0 178,564,000  0 0 154,060,000  0 0 65,380,000  0 0 133,568,000 0 
      cash and restricted cash at the end of the period
    		-41,396,000 4,920,000 102,529,000  -32,981,000 -35,596,000 130,183,000  -36,242,000 1,959,000 182,053,000  22,980,000 6,717,000 31,985,000  -62,222,000 12,969,000 125,582,000 13,427,000 
      supplemental cash flow disclosures:
    		                    
      cash paid for interest
    		1,949,000 2,401,000 2,463,000 2,963,000 2,952,000 3,325,000 3,553,000 4,030,000 4,393,000 4,165,000 4,184,000 3,613,000 2,741,000 1,458,000 1,207,000 1,201,000 2,476,000 3,629,000 3,961,000 4,560,000 
      cash paid for income taxes
    		4,629,000 4,823,000 1,550,000 -123,000 1,445,000   2,918,000 3,916,000   4,978,000 1,008,000 3,881,000 4,354,000 31,401,000 4,419,000 5,010,000 413,000 6,229,000 
      supplemental schedule of non-cash investing and financing activities:
    		                    
      equipment purchased and unpaid at period end
    		1,031,000 703,000 1,427,000 547,000 297,000 478,000 1,171,000 217,000 -603,000 -428,000 2,234,000 3,368,000 -587,000 -1,118,000 3,322,000 38,000 365,000 161,000 1,558,000 -499,000 
      right-of-use assets obtained in exchange for operating lease liabilities
    		1,202,000 1,000 6,510,000  220,000 25,572,000 1,763,000  -648,000 1,796,000 365,000  1,202,000 -68,000 633,000  -479,000    
      prepaid and other assets
    		0 0 2,450,000 0 -426,000 0 866,000              
      property and equipment
    		0 0 780,000 0 671,000 0 109,000              
      identifiable intangible assets
    		0 0 15,129,000 0 5,969,000 0 9,160,000              
      goodwill
    		   0 -3,809,000 0 5,960,000              
      accrued liabilities
    		0 0 -5,403,000 0 -2,572,000 0 -3,726,000              
      deferred tax liabilities
    		0 0 -168,000 0                 
      total identified net assets acquired
    		0 0 46,304,000                  
      bargain purchase gain
    		0 0 -2,581,000                  
      purchase consideration, net of cash acquired
    		0 0 43,723,000 0 30,544,000 0 13,179,000              
      deferred income taxes
    		 -2,287,000 -1,016,000   -9,206,000 -6,059,000 1,392,000 -2,025,000 -3,490,000 -2,209,000 -2,184,000 -8,732,000 -6,742,000 -4,078,000 -5,406,000 -1,368,000 -2,183,000 -3,005,000 -584,000 
      bridge loan receivable
    		                    
      repayment of debt
    		 -24,000,000 -25,000,000  -3,125,000 -3,125,000 -15,000,000   -1,250,000 -10,000,000  -1,000,000 -1,500,000 -1,250,000 -1,214,000 -273,974,000 -25,000,000 -28,000,000 -50,000,000 
      debt issuance costs unpaid at period end
    		                    
      reversal of bargain purchase gain on business acquisition recognized in prior year
    		  2,581,000                  
      bargain purchase gain on business acquisition
    		                    
      acquisition of businesses, net of cash acquired
    		                    
      payment of bridge loan origination costs related to business acquisition
    		                    
      investment in available-for-sale convertible note
    		           0 0        
      proceeds from issuance of debt
    		               0     
      repayment of debt and debt issuance costs
    		       -24,750,000             
      proceeds from public offering, net of underwriting discounts and commissions
    		                    
      payment of other offering costs
    		       0 0 0 -497,000         -2,873,000 
      net increase in cash and restricted cash
    		     -35,596,000 -48,381,000   1,959,000 27,993,000     -10,949,000 -62,222,000   13,427,000 
      cash and restricted cash at the beginning of the year
    		                    
      cash and restricted cash at the end of the year
    		                    
      supplemental disclosure of non-cash investing and financing activities:
    		                    
      issuance of common stock relating to business acquisition
    		            1,000        
      purchase consideration related to business acquisition
    		                    
      receivable for business acquisition purchase price adjustment
    		                    
      cash paid (refunded) for income taxes
    		      626,000              
      debt issuance costs amortization
    		           124,000 102,000 86,000 86,000 86,000 320,000 515,000 537,000 560,000 
      loss on debt extinguishment
    		               0 4,071,000 358,000 439,000 858,000 
      payment of contingent consideration
    		       0 0 0 -950,000 0 0 -146,000 -292,000      
      deferred purchase consideration related to business acquisitions
    		                    
      liabilities:
    		                    
      foreign currency forward contracts
    		                    
      total liabilities
    		                    
      payment of deferred consideration
    		                    
      borrowing from line of credit
    		            223,000,000 110,000,000 293,000,000      
      dividends paid to noncontrolling interest
    		                    
      assets:
    		                    
      total assets
    		                    
      cash (refunded) paid for income taxes
    		          -546,000          
      issuance of common stock relating to business acquisitions
    		                    
      measurement period adjustments relating to business acquisitions
    		                    
      •
    		                    
      payment of deferred contingent consideration
    		            0        
      payment of debt issuance costs
    		                   0 
      dividends paid to noncontrolling interests
    		                    
      deferred and contingent purchase consideration related to business acquisitions
    		                    
      amortization of intangible assets
    		              10,138,000 8,676,000 8,704,000 8,712,000 8,702,000 8,572,000 
      proceeds from initial public offering, net of 8,925 underwriting discounts and commissions
    		                    
      proceeds from issuance of common stock to common stockholders
    		                    
      repurchase of common stock
    		                    
      deferred offering costs included in accounts payable and accrued expenses
    		                    
      proceeds from initial public offering and private placement, net of underwriting discounts and commissions
    		                    
      measurement period adjustment relating to business acquisitions
    		                    
      initial deferred and contingent purchase consideration
    		                 0 735,000  
      stock-based compensation included in capitalized inventory overhead
    		                    
      gain on currency forward contract
    		                    
      loss on foreign exchange
    		                    
      proceeds from exercise of stock options
    		                  185,000 113,000 
      (repayments of) borrowings from line of credit
    		                    
      cash dividends paid to common stockholders
    		                    
      deferred purchase consideration
    		                   0 
      forward contract on common stock repurchase
    		                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.