Lulu's Fashion Lounge Holdings Inc(NASDAQ:LVLU) 
Lulu's Fashion Lounge Holdings, Inc. operates as an online retailer of women's clothing, shoes, and accessories. It offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. The company sells its products through owned media, which primarily co...
Website: http://www.lulus.com
Founded: 1996
IPO Price: $16 (Nov 11, 2021)
CEO / Founder: Colleen Winter
Sector: Consumer Cyclical
Industry: Apparel Retail
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 | 2021-10-03 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenue | 57,531,000 | 63,018,000 | 73,591,000 | 81,520,000 | 64,155,000 | 66,147,000 | 80,515,000 | 91,966,000 | 77,259,000 | 74,959,000 | 83,118,000 | 106,122,000 | 90,976,000 | 90,963,000 | 105,275,000 | 131,512,000 | 111,902,000 | 96,764,000 | 106,320,000 |
cost of revenue | 31,583,000 | 35,097,000 | 42,231,000 | 44,588,000 | 38,314,000 | 41,077,000 | 49,866,000 | 50,083,000 | 44,613,000 | 45,615,000 | 49,593,000 | 58,726,000 | 53,015,000 | 56,995,000 | 60,942,000 | 71,345,000 | 58,924,000 | 53,332,000 | 55,553,000 |
gross profit | 25,948,000 | 27,921,000 | 31,360,000 | 36,932,000 | 25,841,000 | 25,070,000 | 30,649,000 | 41,883,000 | 32,646,000 | 29,344,000 | 33,525,000 | 47,396,000 | 37,961,000 | 33,968,000 | 44,333,000 | 60,167,000 | 52,978,000 | 43,432,000 | 50,767,000 |
yoy | 0.41% | 11.37% | 2.32% | -11.82% | -20.84% | -14.57% | -8.58% | -11.63% | -14.00% | -13.61% | -24.38% | -21.23% | -28.35% | -21.79% | -12.67% | ||||
qoq | -7.07% | -10.97% | -15.09% | 42.92% | 3.08% | -18.20% | -26.82% | 28.29% | 11.25% | -12.47% | -29.27% | 24.85% | 11.76% | -23.38% | -26.32% | 13.57% | 21.98% | -14.45% | |
selling and marketing expenses | 14,037,000 | 11,758,000 | 16,935,000 | 21,993,000 | 15,915,000 | 12,696,000 | 17,624,000 | 24,914,000 | 17,693,000 | 15,328,000 | 16,825,000 | 24,670,000 | 19,489,000 | 16,466,000 | 19,356,000 | 25,851,000 | 21,886,000 | 17,676,000 | 20,509,000 |
general and administrative expenses | 15,458,000 | 16,124,000 | 16,350,000 | 17,562,000 | 18,044,000 | 18,918,000 | 19,869,000 | 21,436,000 | 21,111,000 | 21,810,000 | 21,575,000 | 24,396,000 | 24,348,000 | 23,504,000 | 24,418,000 | 23,392,000 | 27,834,000 | 30,274,000 | 21,196,000 |
income from operations | -3,547,000 | 39,000 | -1,925,000 | -2,623,000 | -8,118,000 | -34,918,000 | -6,844,000 | -4,467,000 | -6,158,000 | -7,794,000 | -4,875,000 | -1,670,000 | -5,876,000 | -6,002,000 | 559,000 | 10,924,000 | 3,258,000 | -4,518,000 | 9,062,000 |
yoy | -56.31% | -100.11% | -71.87% | -41.28% | 31.83% | 348.01% | 40.39% | 167.49% | 4.80% | 29.86% | -972.09% | -115.29% | -280.36% | 32.85% | -93.83% | ||||
qoq | -9194.87% | -102.03% | -26.61% | -67.69% | -76.75% | 410.20% | 53.21% | -27.46% | -20.99% | 59.88% | 191.92% | -71.58% | -2.10% | -1173.70% | -94.88% | 235.30% | -172.11% | -149.86% | |
interest expense | -394,000 | -487,000 | -544,000 | -856,000 | -577,000 | -313,000 | -305,000 | -270,000 | -383,000 | -337,000 | -442,000 | 426,000 | -523,000 | -409,000 | -329,000 | -157,000 | -208,000 | -1,738,000 | -3,612,000 |
other income | 44,000 | 192,000 | 205,000 | 546,000 | 623,000 | -74,000 | 281,000 | 272,000 | 226,000 | 217,000 | 270,000 | -373,000 | 73,000 | 34,000 | 21,000 | 27,000 | 54,000 | 11,000 | 16,000 |
loss before benefit for income taxes | -3,897,000 | -2,933,000 | -8,072,000 | -4,412,000 | -6,868,000 | -6,315,000 | |||||||||||||
income tax benefit | -193,000 | -62,000 | 74,000 | 3,430,000 | -11,000 | 579,000 | 708,000 | 1,131,000 | 678,000 | -1,137,000 | -1,616,000 | ||||||||
net loss and comprehensive loss | -4,090,000 | -403,000 | -2,317,000 | -2,995,000 | -7,998,000 | -5,852,750 | -6,879,000 | -10,796,000 | -5,736,000 | ||||||||||
basic loss per share | -1.44 | -0.11 | -0.84 | -1.08 | -0.19 | -0.143 | -0.16 | -0.26 | -0.15 | ||||||||||
diluted loss per share | -1.44 | -0.11 | -0.84 | -1.08 | -0.19 | -0.143 | -0.16 | -0.26 | -0.15 | ||||||||||
basic weighted-average shares outstanding | 2,839,190 | 2,799,732 | 2,756,533 | 2,782,417 | 41,903,616 | 41,468,903 | 41,702,122 | 41,356,780 | 39,450,502 | 39,879,121 | 40,103,152 | 39,680,908 | |||||||
diluted weighted-average shares outstanding | 2,839,190 | 2,799,732 | 2,756,533 | 2,782,417 | 41,903,616 | 41,468,903 | 41,702,122 | 41,356,780 | 39,450,502 | 39,879,121 | 40,103,152 | 39,680,908 | |||||||
income before provision for income taxes | -3,317,250 | -2,264,000 | -4,465,000 | -7,914,000 | -5,047,000 | -1,723,000 | 10,794,000 | 3,104,000 | |||||||||||
income tax provision | -10,250 | -53,000 | -6,331,000 | -684,000 | -1,158,000 | 874,000 | -4,795,000 | -1,061,000 | |||||||||||
net income and comprehensive income | -7,230,000 | -3,889,000 | -2,597,000 | -5,618,000 | -5,246,000 | 929,000 | 5,999,000 | 2,043,000 | -8,774,000 | 3,850,000 | |||||||||
basic earnings per share | -0.17 | -0.1 | -0.07 | ||||||||||||||||
diluted earnings per share | -0.17 | -0.1 | -0.07 | ||||||||||||||||
other income, net: | |||||||||||||||||||
total other expense | -450,000 | -375,000 | -308,000 | -130,000 | -154,000 | -3,119,000 | -3,596,000 | ||||||||||||
income before benefit for income taxes | -6,326,000 | -6,377,000 | 251,000 | -7,637,000 | 5,466,000 | ||||||||||||||
net income attributable to common stockholders | -5,618,000 | -5,246,000 | 929,000 | 5,999,000 | 2,043,000 | ||||||||||||||
net income per share | -6.45 | 0.13 | |||||||||||||||||
basic | -0.14 | -0.13 | 0.02 | 0.16 | 0.05 | ||||||||||||||
diluted | -0.14 | -0.13 | 0.02 | 0.15 | 0.05 | ||||||||||||||
weighted-average shares used for eps calculation | 20,229,675 | ||||||||||||||||||
basic | 39,233,953 | 38,583,854 | 38,711,915 | 38,535,409 | 38,098,073 | ||||||||||||||
diluted | 39,233,953 | 38,853,393 | 38,898,416 | 38,992,901 | 38,385,765 | ||||||||||||||
allocation of undistributed earnings to participating securities | -1,080,500 | -1,574,000 | |||||||||||||||||
deemed dividend to a preferred stockholder | |||||||||||||||||||
net income attributable to common stockholder | 1,624,250 | 2,276,000 | |||||||||||||||||
net income per share | -6.45 | 0.13 | |||||||||||||||||
shares used to compute net income per share attributable to common stockholder – basic and diluted | 4,365,570.75 | 17,462,283 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 | 2021-10-03 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||
current assets: | |||||||||||||||||||
cash and cash equivalents | 7,439,000 | 2,661,000 | 1,942,000 | 1,534,000 | 8,616,000 | 4,460,000 | 6,308,000 | 1,781,000 | 5,489,000 | 2,506,000 | 12,866,000 | 5,947,000 | 7,829,000 | 10,219,000 | 12,465,000 | 8,343,000 | 19,433,000 | 11,402,000 | 40,927,000 |
accounts receivable | 6,319,000 | 1,712,000 | 4,739,000 | 3,325,000 | 4,125,000 | 2,158,000 | 4,467,000 | 3,786,000 | 5,212,000 | 3,542,000 | 3,438,000 | 3,111,000 | 7,234,000 | 3,908,000 | 5,545,000 | 6,506,000 | 7,861,000 | 5,649,000 | 6,389,000 |
inventory | 33,080,000 | 32,444,000 | 38,422,000 | 37,349,000 | 39,668,000 | 34,036,000 | 38,477,000 | 37,667,000 | 41,271,000 | 35,472,000 | 41,490,000 | 46,232,000 | 51,830,000 | 43,186,000 | 49,416,000 | 48,575,000 | 42,068,000 | 22,176,000 | 23,400,000 |
assets for recovery | 4,406,000 | 2,197,000 | 5,225,000 | 4,020,000 | 5,019,000 | 2,383,000 | 4,852,000 | 3,644,000 | 5,062,000 | 3,111,000 | 5,743,000 | 4,749,000 | 6,752,000 | 3,890,000 | 6,685,000 | 5,391,000 | |||
income tax refund receivable | 210,000 | 1,028,000 | 1,178,000 | 1,149,000 | 1,160,000 | 4,177,000 | 2,562,000 | 2,559,000 | 2,889,000 | 2,510,000 | 2,869,000 | 3,459,000 | 3,724,000 | 4,078,000 | 748,000 | ||||
prepaids and other current assets | 4,092,000 | 3,606,000 | 4,251,000 | 4,219,000 | 4,139,000 | 4,287,000 | 8,655,000 | 5,752,000 | 5,297,000 | 5,379,000 | 3,049,000 | 4,104,000 | 4,033,000 | 3,738,000 | 4,596,000 | 4,200,000 | 5,095,000 | 5,364,000 | 4,644,000 |
total current assets | 55,546,000 | 43,648,000 | 55,757,000 | 51,596,000 | 62,727,000 | 51,501,000 | 65,321,000 | 55,189,000 | 65,220,000 | 52,520,000 | 69,455,000 | 67,602,000 | 81,402,000 | 69,019,000 | 78,707,000 | 73,015,000 | 81,139,000 | 49,093,000 | 81,590,000 |
property and equipment | 2,070,000 | 2,311,000 | 2,649,000 | 3,026,000 | 3,420,000 | 3,642,000 | 4,376,000 | 4,693,000 | 4,694,000 | 4,712,000 | 4,438,000 | 4,134,000 | 4,319,000 | 4,391,000 | 3,995,000 | 4,027,000 | 3,885,000 | 3,231,000 | 2,754,000 |
goodwill | 7,056,000 | 7,056,000 | 7,056,000 | 7,056,000 | 7,056,000 | 7,056,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 |
tradename | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 | 18,509,000 |
intangible assets | 2,607,000 | 2,680,000 | 2,728,000 | 2,650,000 | 2,714,000 | 2,762,000 | 2,850,000 | 2,968,000 | 3,147,000 | 3,263,000 | 3,256,000 | 3,212,000 | 3,196,000 | 3,090,000 | 2,892,000 | 2,691,000 | 2,452,000 | 2,244,000 | 2,023,000 |
lease right-of-use assets | 14,130,000 | 14,521,000 | 15,999,000 | 17,471,000 | 19,224,000 | 24,030,000 | 25,508,000 | 26,863,000 | 28,182,000 | 29,516,000 | 30,857,000 | 31,119,000 | 31,432,000 | 32,514,000 | 31,627,000 | 31,788,000 | 30,914,000 | ||
other noncurrent assets | 567,000 | 639,000 | 644,000 | 652,000 | 691,000 | 698,000 | 1,539,000 | 1,602,000 | 5,451,000 | 5,495,000 | 5,431,000 | 4,696,000 | 5,278,000 | 4,251,000 | 8,492,000 | 6,083,000 | 5,365,000 | 4,763,000 | 4,441,000 |
total assets | 100,485,000 | 89,364,000 | 103,342,000 | 100,960,000 | 114,341,000 | 108,198,000 | 153,533,000 | 145,254,000 | 160,633,000 | 149,445,000 | 167,376,000 | 164,702,000 | 179,566,000 | 167,204,000 | 180,159,000 | 172,049,000 | 178,200,000 | 113,776,000 | 145,252,000 |
liabilities and stockholders' equity | |||||||||||||||||||
current liabilities: | |||||||||||||||||||
accounts payable | 7,771,000 | 8,340,000 | 18,341,000 | 6,403,000 | 10,271,000 | 10,991,000 | 11,371,000 | 11,890,000 | 8,312,000 | 8,900,000 | 8,919,000 | 9,235,000 | 7,043,000 | 5,320,000 | 6,349,000 | 8,430,000 | 11,343,000 | 4,227,000 | 6,732,000 |
accrued expenses and other current liabilities | 28,744,000 | 17,411,000 | 15,718,000 | 27,717,000 | 28,254,000 | 15,985,000 | 26,621,000 | 27,664,000 | 30,077,000 | 18,343,000 | 21,203,000 | 18,394,000 | 26,678,000 | 17,976,000 | 28,477,000 | 29,214,000 | 38,724,000 | 21,948,000 | 26,864,000 |
returns reserve | 15,811,000 | 10,289,000 | 18,363,000 | 16,530,000 | 17,698,000 | 9,765,000 | 15,308,000 | 11,623,000 | 15,858,000 | 7,854,000 | 15,694,000 | 11,998,000 | 17,586,000 | 9,066,000 | 18,827,000 | 14,237,000 | 20,005,000 | 9,731,000 | 18,344,000 |
stored-value card liability | 18,113,000 | 18,231,000 | 20,165,000 | 19,927,000 | 19,012,000 | 17,883,000 | 16,042,000 | 15,143,000 | 13,209,000 | 13,142,000 | 12,669,000 | 12,356,000 | 11,130,000 | 10,828,000 | 8,812,000 | 8,102,000 | 7,292,000 | 7,240,000 | 6,494,000 |
asset based revolving credit facility – current | 13,328,000 | 14,390,000 | |||||||||||||||||
lease liabilities, current | 6,986,000 | 6,402,000 | 6,378,000 | 6,402,000 | 6,426,000 | 6,611,000 | 5,793,000 | 5,662,000 | 5,530,000 | 5,648,000 | 5,419,000 | 5,054,000 | 4,775,000 | 4,456,000 | 3,932,000 | 3,708,000 | 3,521,000 | ||
total current liabilities | 90,753,000 | 75,063,000 | 88,163,000 | 82,729,000 | 91,751,000 | 74,325,000 | 86,635,000 | 71,982,000 | 78,986,000 | 61,887,000 | 63,904,000 | 57,037,000 | 67,212,000 | 47,646,000 | 69,580,000 | 65,788,000 | 80,885,000 | 43,146,000 | 162,831,000 |
lease liabilities, noncurrent | 9,220,000 | 10,389,000 | 11,761,000 | 13,073,000 | 15,170,000 | 19,653,000 | 21,020,000 | 22,460,000 | 23,863,000 | 25,427,000 | 26,780,000 | 27,187,000 | 27,761,000 | 29,042,000 | 28,554,000 | 28,757,000 | 28,467,000 | ||
other noncurrent liabilities | 1,037,000 | 898,000 | 899,000 | 905,000 | 868,000 | 852,000 | 2,109,000 | 2,101,000 | 38,000 | 1,179,000 | 956,000 | 804,000 | 818,000 | 623,000 | 120,000 | 79,000 | 64,000 | 1,108,000 | 2,357,000 |
total liabilities | 101,010,000 | 86,350,000 | 100,823,000 | 96,707,000 | 107,789,000 | 94,830,000 | 109,764,000 | 96,543,000 | 102,887,000 | 88,493,000 | 102,640,000 | 100,028,000 | 115,791,000 | 102,311,000 | 113,254,000 | 109,624,000 | 124,416,000 | 69,254,000 | 165,188,000 |
commitments and contingencies | |||||||||||||||||||
stockholders' equity | |||||||||||||||||||
preferred stock: 0.001 par value... | |||||||||||||||||||
common stock: 0.001 par value... | 43,000 | 43,000 | 43,000 | 43,000 | 43,000 | 42,000 | 42,000 | 42,000 | 41,000 | 41,000 | 40,000 | 40,000 | 40,000 | 39,000 | 39,000 | 39,000 | 39,000 | 38,000 | 18,000 |
additional paid-in capital | 267,108,000 | 266,557,000 | 265,659,000 | 264,932,000 | 263,733,000 | 262,313,000 | 260,619,000 | 258,493,000 | 256,646,000 | 254,116,000 | 250,671,000 | 246,720,000 | 243,224,000 | 238,725,000 | 235,491,000 | 231,940,000 | 229,298,000 | 222,080,000 | 12,510,000 |
accumulated deficit | -266,294,000 | -262,204,000 | -261,801,000 | -259,484,000 | -256,489,000 | -248,491,000 | -216,616,000 | -209,737,000 | -198,941,000 | -193,205,000 | -185,975,000 | -182,086,000 | -179,489,000 | -173,871,000 | -168,625,000 | -169,554,000 | -175,553,000 | -177,596,000 | -168,822,000 |
treasury stock | -1,382,000 | -1,382,000 | -1,382,000 | -1,238,000 | -735,000 | -496,000 | -276,000 | -87,000 | |||||||||||
total stockholders' equity | -525,000 | 3,014,000 | 2,519,000 | 4,253,000 | 6,552,000 | 13,368,000 | 43,769,000 | 48,711,000 | 57,746,000 | 60,952,000 | 64,736,000 | 64,674,000 | 63,775,000 | 64,893,000 | 66,905,000 | 62,425,000 | 53,784,000 | 44,522,000 | |
total liabilities and stockholders' equity | 100,485,000 | 89,364,000 | 103,342,000 | 100,960,000 | 114,341,000 | 108,198,000 | 153,533,000 | 145,254,000 | 160,633,000 | 149,445,000 | 167,376,000 | 164,702,000 | 179,566,000 | 167,204,000 | 180,159,000 | 172,049,000 | 178,200,000 | ||
revolving line of credit | 5,750,000 | 10,090,000 | 13,090,000 | 11,500,000 | 6,000,000 | 8,000,000 | 11,000,000 | 15,000,000 | 20,000,000 | 25,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | ||||||
stockholders' equity: | |||||||||||||||||||
asset based revolving credit facility - current | 9,198,000 | ||||||||||||||||||
revolving line of credit, noncurrent | |||||||||||||||||||
| |||||||||||||||||||
restricted cash | 507,000 | 506,000 | 506,000 | 506,000 | 505,000 | ||||||||||||||
income taxes payable | 3,183,000 | 2,097,000 | 1,004,000 | ||||||||||||||||
asset for recovery | 6,682,000 | 3,754,000 | 6,230,000 | ||||||||||||||||
liabilities, redeemable preferred stock, convertible preferred stock and stockholders' equity | |||||||||||||||||||
long-term debt, current portion | 103,393,000 | ||||||||||||||||||
long-term debt | |||||||||||||||||||
redeemable preferred stock: 0.001 par value... | 19,320,000 | ||||||||||||||||||
convertible preferred stock: 0.001 par value... | 117,038,000 | ||||||||||||||||||
total liabilities, redeemable preferred stock, convertible preferred stock and stockholders' equity | 113,776,000 | ||||||||||||||||||
liabilities, redeemable preferred stock, convertible preferred stock and stockholder’s deficit | |||||||||||||||||||
stockholder’s deficit: | |||||||||||||||||||
total stockholder’s deficit | -156,294,000 | ||||||||||||||||||
total liabilities, redeemable preferred stock, convertible preferred stock and stockholder’s deficit | 145,252,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||
net loss and comprehensive loss | -4,090,000 | |||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||
depreciation and amortization | 1,113,000 | 1,225,000 | 1,261,000 | 1,277,000 | 1,351,000 | 1,378,000 | 1,392,000 | 1,371,000 | 1,339,000 | 1,273,000 | 1,240,000 | 1,185,000 | 1,121,000 | 1,154,000 | 1,130,000 | 1,009,000 | 841,000 | 712,000 |
noncash lease expense | 1,124,000 | 1,112,000 | 1,106,000 | 1,005,000 | 1,295,000 | 1,111,000 | 1,002,000 | 986,000 | 970,000 | 964,000 | 946,000 | 889,000 | 864,000 | 867,000 | 845,000 | 756,000 | 789,000 | |
gain on lease modification | 0 | 0 | 0 | -92,000 | ||||||||||||||
amortization of debt discount and debt issuance costs | 53,000 | 54,000 | 176,000 | 283,000 | 31,000 | 22,000 | 59,000 | 39,000 | 39,000 | 39,000 | 39,000 | 38,000 | 40,000 | 39,000 | 39,000 | 39,000 | 40,000 | 242,000 |
equity-based compensation expense | 717,000 | 902,000 | 823,000 | 1,282,000 | 1,474,000 | 1,940,000 | 2,022,000 | 2,194,000 | 1,934,000 | 4,328,000 | 4,337,000 | 4,331,000 | 4,698,000 | 3,842,000 | 3,654,000 | 2,833,000 | 5,758,000 | 8,450,000 |
changes in operating assets and liabilities: | ||||||||||||||||||
accounts receivable | -4,607,000 | 3,027,000 | -1,414,000 | 800,000 | -1,967,000 | 2,309,000 | -681,000 | 1,426,000 | -1,670,000 | -104,000 | -327,000 | 4,123,000 | -3,326,000 | 1,637,000 | 961,000 | 1,355,000 | -2,213,000 | 741,000 |
inventories | -636,000 | 5,978,000 | -1,073,000 | 2,319,000 | -5,632,000 | 4,441,000 | -810,000 | 3,604,000 | -5,799,000 | 6,018,000 | 4,742,000 | 5,598,000 | -8,644,000 | 6,230,000 | -841,000 | -6,507,000 | -19,892,000 | 1,224,000 |
assets for recovery | -2,209,000 | 3,028,000 | -1,205,000 | 999,000 | -2,636,000 | 2,469,000 | -1,208,000 | 1,418,000 | -1,951,000 | 2,632,000 | -994,000 | 2,003,000 | -2,862,000 | 2,795,000 | -1,294,000 | 2,476,000 | ||
income tax receivable | 818,000 | |||||||||||||||||
prepaid and other current assets | -473,000 | 590,000 | -207,000 | -400,000 | 118,000 | 4,344,000 | -2,903,000 | -455,000 | 82,000 | -2,330,000 | 1,024,000 | -202,000 | -295,000 | 689,000 | -391,000 | 895,000 | -499,000 | -2,406,000 |
accounts payable | -601,000 | -10,008,000 | 11,938,000 | -3,848,000 | -740,000 | -371,000 | -468,000 | 3,529,000 | -549,000 | -40,000 | -296,000 | 2,197,000 | 1,719,000 | -1,026,000 | -2,014,000 | -2,948,000 | 7,136,000 | -906,000 |
accrued expenses and other current liabilities | 16,714,000 | -8,402,000 | -9,863,000 | -743,000 | 21,198,000 | -14,351,000 | 3,962,000 | -4,832,000 | 20,053,000 | -10,718,000 | 6,880,000 | -12,816,000 | 17,572,000 | -17,853,000 | 4,814,000 | -13,824,000 | 28,554,000 | -13,573,000 |
operating lease liabilities | -1,161,000 | -1,020,000 | -1,011,000 | -1,155,000 | -1,113,000 | -557,000 | -1,003,000 | -989,000 | -939,000 | -853,000 | -829,000 | -832,000 | -803,000 | -802,000 | -768,000 | -1,045,000 | 7,000 | |
other noncurrent liabilities | 138,000 | -1,000 | -4,000 | 36,000 | 16,000 | -1,256,000 | 7,000 | 2,064,000 | -447,000 | 72,000 | -2,000 | -72,000 | -44,000 | 413,000 | 49,000 | 16,000 | -470,000 | -554,000 |
net cash from operating activities | 6,900,000 | -3,768,000 | -1,819,000 | -1,356,000 | 8,322,000 | -2,532,000 | -5,504,000 | 3,690,000 | 6,947,000 | -5,679,000 | 12,749,000 | 4,646,000 | 3,705,000 | -10,134,000 | 5,745,000 | -9,660,000 | 20,248,000 | -14,892,000 |
capital expenditures | -400,000 | -505,000 | -575,000 | -519,000 | -567,000 | -459,000 | -792,000 | -664,000 | -959,000 | -992,000 | -1,191,000 | -683,000 | -1,069,000 | -1,240,000 | -1,130,000 | -1,065,000 | -1,576,000 | -1,382,000 |
free cash flows | 6,500,000 | -4,273,000 | -2,394,000 | -1,875,000 | 7,755,000 | -2,991,000 | -6,296,000 | 3,026,000 | 5,988,000 | -6,671,000 | 11,558,000 | 3,963,000 | 2,636,000 | -11,374,000 | 4,615,000 | -10,725,000 | 18,672,000 | -16,274,000 |
cash flows from investing activities | ||||||||||||||||||
capitalized software development costs | -354,000 | -463,000 | -543,000 | -383,000 | -427,000 | -430,000 | -406,000 | -341,000 | -397,000 | -505,000 | -524,000 | -475,000 | -551,000 | -631,000 | -622,000 | -647,000 | -600,000 | -603,000 |
purchases of property and equipment | -46,000 | -42,000 | -32,000 | -136,000 | -140,000 | -29,000 | -386,000 | -323,000 | -562,000 | -487,000 | -667,000 | -208,000 | -518,000 | -609,000 | -508,000 | -418,000 | -976,000 | -779,000 |
net cash from investing activities | -400,000 | -503,000 | -575,000 | -486,000 | -567,000 | -459,000 | -792,000 | -664,000 | -959,000 | -994,000 | -1,257,000 | -683,000 | -1,069,000 | -1,255,000 | -1,130,000 | -1,084,000 | -1,654,000 | -1,807,000 |
cash flows from financing activities | ||||||||||||||||||
repayments on revolving line of credit | 0 | -5,750,000 | -4,340,000 | -3,000,000 | 0 | 0 | -16,000,000 | -12,000,000 | -6,000,000 | -9,000,000 | -8,000,000 | -7,000,000 | 0 | -10,000,000 | -10,000,000 | -10,000,000 | 0 | |
proceeds from borrowings on asset based revolving credit facility | 60,713,000 | 63,746,000 | ||||||||||||||||
repayments on asset based revolving credit facility | -61,775,000 | -58,554,000 | ||||||||||||||||
proceeds from issuance of common stock under espp | 20,000 | 114,000 | -133,000 | |||||||||||||||
principal payments on finance lease obligations | -494,000 | -329,000 | -325,000 | -318,000 | -318,000 | 9,000 | -318,000 | -313,000 | -743,000 | -257,000 | -229,000 | -252,000 | -245,000 | -245,000 | -197,000 | |||
withholding tax payments related to vesting of rsus | -186,000 | -429,000 | -430,000 | -562,000 | -594,000 | -43,000 | ||||||||||||
repurchase of common stock | 0 | -144,000 | -503,000 | -239,000 | -220,000 | -189,000 | ||||||||||||
net cash from financing activities | -1,722,000 | 4,990,000 | 2,802,000 | -5,240,000 | -3,599,000 | 1,143,000 | 10,823,000 | -6,734,000 | -3,005,000 | -3,687,000 | -4,573,000 | -5,845,000 | -5,026,000 | 8,636,000 | -492,000 | -346,000 | -10,563,000 | -12,825,000 |
net increase in cash and cash equivalents | 4,778,000 | 719,000 | 4,156,000 | -1,848,000 | ||||||||||||||
cash and cash equivalents at beginning of period | 2,661,000 | 0 | 0 | 0 | 4,460,000 | 0 | 0 | |||||||||||
cash and cash equivalents at end of period | 7,439,000 | 719,000 | 408,000 | -7,082,000 | 8,616,000 | -1,848,000 | 4,527,000 | |||||||||||
net loss | -403,000 | -2,317,000 | -2,995,000 | -7,998,000 | -6,879,000 | -10,796,000 | -5,736,000 | |||||||||||
gain on lease termination | 0 | 0 | ||||||||||||||||
loss on disposal of property and equipment | 0 | 0 | 270,000 | 5,000 | ||||||||||||||
deferred income taxes | 0 | 0 | -258,000 | -712,000 | 536,000 | -2,105,000 | 5,415,000 | -2,459,000 | -744,000 | -554,000 | 481,000 | |||||||
goodwill impairment | ||||||||||||||||||
income taxes (receivable) payable | 150,000 | -29,000 | 11,000 | 3,017,000 | -780,000 | -2,000 | 329,000 | -379,000 | 1,388,000 | |||||||||
other | 2,000 | 0 | -2,000 | -15,000 | 0 | -19,000 | -78,000 | -406,000 | ||||||||||
proceeds from borrowings on revolving line of credit | 1,590,000 | 11,500,000 | 10,000,000 | 10,000,000 | 3,000,000 | 5,000,000 | 3,000,000 | 2,000,000 | 10,000,000 | 10,000,000 | ||||||||
withholding tax payments related to vesting of rsus and 2023 bonus plan | 13,000 | -44,000 | -236,000 | -242,000 | ||||||||||||||
net decrease in cash and cash equivalents | ||||||||||||||||||
proceeds from issuance of common stock under employee stock purchase plan | 88,000 | 0 | 72,000 | 0 | 167,000 | 0 | 218,000 | 0 | 269,000 | |||||||||
payments for tax withholdings related to vesting of rsus | -130,000 | |||||||||||||||||
net income | -7,230,000 | -3,889,000 | -2,597,000 | -5,618,000 | -5,246,000 | 929,000 | 5,999,000 | 2,043,000 | -8,774,000 | |||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||
payment of offering costs related to the ipo | ||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | 6,919,000 | |||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 2,983,000 | -2,390,000 | -2,753,000 | 4,123,000 | -11,090,000 | 8,031,000 | -29,524,000 | |||||||||||
cash, cash equivalents and restricted cash at beginning of period | 2,506,000 | 0 | 0 | 0 | 10,219,000 | 0 | 0 | 0 | 11,908,000 | |||||||||
cash, cash equivalents and restricted cash at end of period | 5,489,000 | -10,360,000 | 6,919,000 | -1,882,000 | 7,829,000 | -2,753,000 | 4,123,000 | -11,090,000 | 19,939,000 | |||||||||
reconciliation of cash and cash equivalents | ||||||||||||||||||
cash and cash equivalents | 5,489,000 | -10,360,000 | 6,919,000 | -1,882,000 | 7,829,000 | -2,246,000 | 4,122,000 | |||||||||||
total cash and cash equivalents at end of period | 5,489,000 | |||||||||||||||||
loss on debt extinguishment | ||||||||||||||||||
interest expense capitalized to principal of long-term debt and revolving line of credit | 0 | |||||||||||||||||
payment of interest capitalized to principal of long-term debt and revolving line of credit | ||||||||||||||||||
equity-based compensation expense related to redeemable preferred stock issuance | 0 | |||||||||||||||||
repayment of long-term debt | -102,013,000 | |||||||||||||||||
payment of debt issuance costs | -453,000 | |||||||||||||||||
issuance of common stock upon ipo, net of underwriting discounts and commissions and issuance costs | ||||||||||||||||||
proceeds from the issuance of redeemable preferred stock, net of issuance costs | ||||||||||||||||||
redemption of redeemable preferred stock | ||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash | ||||||||||||||||||
restricted cash | 1,000 | |||||||||||||||||
total cash, cash equivalents and restricted cash at end of period | -10,360,000 | 6,919,000 | -1,882,000 | 7,829,000 | -2,753,000 | 4,123,000 | ||||||||||||
income taxes payable | 590,000 | |||||||||||||||||
| ||||||||||||||||||
write-off of deferred offering costs | ||||||||||||||||||
gain on disposal of property and equipment | ||||||||||||||||||
advance from lp | ||||||||||||||||||
repayment of advance from lp | ||||||||||||||||||
payment of offering costs related to initial public offering | -290,000 | 0 | -542,000 | |||||||||||||||
asset for recovery | -2,928,000 | |||||||||||||||||
income tax (receivable) payable | 1,636,000 | -1,758,000 | ||||||||||||||||
equity-based compensation expense related to ceo special compensation awards | ||||||||||||||||||
advance to parent | ||||||||||||||||||
repayments of advance to parent | ||||||||||||||||||
payment of deferred offering costs | ||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | ||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | ||||||||||||||||||
equity-based compensation related to special compensation liability awards | ||||||||||||||||||
gain on disposal of assets | ||||||||||||||||||
proceeds from sale of property and equipment | ||||||||||||||||||
proceeds from the issuance of series b preferred stock | ||||||||||||||||||
advance from the lp | ||||||||||||||||||
repayment of advance from the lp |