CarParts.com Q3 2026 net loss narrows to $4.1M
A-Premium surpassed $50 million and exited the quarter at approximately $55 million in annualized run rate revenue.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
CarParts.com, Inc. reported third-quarter 2026 net sales of $129.3 million, up 1.2% from $127.8 million a year earlier. Gross profit was $43.2 million, and gross margin was 33.4%, up 30 basis points. Operating expenses were $47.0 million versus $52.3 million. Net loss was $4.1 million, compared with $10.9 million, while Adjusted EBITDA was $1.0 million versus a $2.5 million loss. Management said this was its third consecutive quarter of positive Adjusted EBITDA.
For the 39 weeks ended October 3, 2026, net sales were $396.9 million versus $427.1 million, and operating activities provided $10.0 million of cash versus $26.5 million used in the year-earlier period. Cash was $33.8 million and convertible notes payable were $25.5 million as of October 3, 2026; the company had no revolver loan balance. A-Premium surpassed $50 million and exited the quarter at approximately $55 million in annualized run rate revenue. Three of four distribution centers were running next-day delivery through the company’s last-mile network, and CarParts+ Rewards had enrolled more than 200,000 members.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointQuarterly net loss narrowed to $4.1 million from $10.9 million.
- Moderate pointAdjusted EBITDA reached $1.0 million, versus a $2.5 million loss.
- Moderate pointOperating cash flow swung to $10.0 million provided from $26.5 million used.
Negative
- Moderate point39-week net sales declined to $396.9 million from $427.1 million.
Filing Explained
The filing reports
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDA financial
gross margin financial
convertible notes payable financial
annualized run rate revenue financial
Earnings Snapshot
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much revenue did CarParts.com (PRTS) report in Q3 2026?
What was CarParts.com (PRTS) Adjusted EBITDA in Q3 2026?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of | (Commission | (IRS Employer |
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered |
The (NASDAQ Capital Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On October 29, 2026, CarParts.com, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended October 3, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.
The information contained in Item 2.02 and in Item 9.01 and in Exhibit 99.1 attached to this report is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language contained in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | | Description |
99.1 | Press Release, dated October 29, 2026, of CarParts.com, Inc. | |
104 | Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 29, 2026 | CARPARTS.COM, INC. | |
By: | /s/ Mark DiSiena | |
Name: | Mark DiSiena | |
Title: | Interim Chief Financial Officer | |
CarParts.com Reports Third Quarter 2026 Results
LONG BEACH, Calif. – October 29th, 2026 – CarParts.com, Inc. (NASDAQ: PRTS), a leading eCommerce provider of automotive parts and accessories, and a premier destination for vehicle repair and maintenance needs, is reporting results for the third quarter ended October 3, 2026.
Third Quarter 2026 Summary vs. Year-Ago Quarter
| ● | Net sales increased 1.2% to $129.3 million. |
| ● | Gross profit of $43.2 million vs. $42.3 million, with gross margin up 30 basis points to 33.4%. |
| ● | Net loss was ($4.1) million, or ($0.53) per share, compared to a net loss of ($10.9) million, or ($1.87) per share. |
| ● | Adjusted EBITDA of $1.0 million vs. ($2.5) million, the third consecutive quarter of positive Adjusted EBITDA and the highest third quarter since Q3 2023. |
| ● | Cash of $33.8 million, no revolver borrowings, and inventory of $76.9 million as of October 3, 2026. |
| ● | A-Premium partnership surpassed its $50 million marker, exiting the quarter at an annualized revenue run rate of approximately $55 million. |
| ● | JC Whitney annualized revenue run rate increased to approximately $3 million, up from $2.5 million in Q2. |
| ● | Last mile network delivered over 6,000 packages in the quarter, roughly double Q2, with next day delivery live from three of four distribution centers. |
| ● | Mobile app reached 14.5% of eCommerce revenue, up from 12.9% a year ago, with 1.7 million cumulative downloads. |
Recent Developments
| ● | Launched CarParts+ Rewards, the Company’s first points-based loyalty program on October 13, with more than 200,000 members enrolled since the September soft launch. |
| ● | Partnered with Klarna to offer buy-now-pay-later financing at checkout. |
Management Commentary
David Meniane, Chief Executive Officer, commented: "Q3 marks our third consecutive quarter of positive Adjusted EBITDA, and we grew net sales year over year while maintaining the advertising and pricing discipline we have applied all year. These results reflect deliberate decisions on assortment, footprint, pricing, advertising efficiency, and partnerships, executed consistently over time. They are structural, not one-time. We also know we are early. $1 million of Adjusted EBITDA is a foundation, and our focus now is building on it.
"We delivered on the markers we set for the quarter. A-Premium surpassed $50 million and exited Q3 at approximately $55 million in annualized run rate revenue. JC Whitney continued to scale on Amazon, and three of our four distribution centers are now running next-day delivery through our last mile network. As our capital-light, drop-ship partnerships scale, we are carrying less inventory to support the same or greater revenue.
"With our restructuring largely complete, the next phase is about growth. We recently launched CarParts+ Rewards, which has already enrolled more than 200,000 members. The same discipline that drove this year’s results will guide how we invest for growth."
Third Quarter 2026 Financial Results
Net sales in the third quarter of 2026 were $129.3 million, up 1.2% from $127.8 million in the year-ago quarter. The increase was primarily attributable to an increase in consumer demand, while still maintaining our focus on advertising spend optimization.
Gross profit was $43.2 million in the third quarter compared to $42.3 million in the year-ago quarter, with gross margin increasing 30 basis points to 33.4%. The increase was primarily driven by lower freight costs.
Total operating expenses in the third quarter were $47.0 million compared to $52.3 million in the year-ago quarter. The decrease was primarily driven by distribution center consolidation, advertising spend efficiency gains and lower payroll costs due to headcount reductions.
Net loss in the third quarter was ($4.1) million compared to a net loss of ($10.9) million in the year-ago quarter, primarily driven by lower operating expenses and higher net sales.
Adjusted EBITDA in the third quarter was $1.0 million compared to ($2.5) million in the year-ago quarter.
On October 3, 2026, the Company had a cash balance of $33.8 million, $25.5 million of convertible notes payable balance and no revolver loan balance, compared to a $25.8 million cash balance, $25.2 million of convertible notes payable balance and no revolver loan balance at prior fiscal year-end January 3, 2026.
Conference Call
CarParts.com CEO David Meniane and Interim CFO Mark DiSiena will host a conference call today to discuss the results.
Date: Thursday, October 29, 2026
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Webcast: https://ir.carparts.com/events-and-presentations/default.aspx
To listen to the live call, please click the link above to access the webcast. A replay of the audio webcast will be archived on the Company’s website at https://ir.carparts.com/overview/default.aspx.
About CarParts.com, Inc.
CarParts.com, Inc. is a technology-led ecommerce company offering over 1.5 million quality automotive parts and accessories. Operating for over 30 years, CarParts.com has established itself as a premier destination for drivers seeking repair, maintenance, and upgrade solutions. Taking a customer-first approach, we deliver a seamless, mobile-friendly shopping experience across our website and app. With a commitment
to delivering exceptional value backed by our nationwide, company-operated distribution network, fast shipping and experienced customer service team, CarParts.com aims to eliminate the uncertainty and stress often associated with vehicle maintenance and repair. The company operates CarParts.com and a portfolio of private-label and marketplace brands, including CarParts Wholesale, JC Whitney, Garage-Pro, Evan Fischer, and more. For more information, visit CarParts.com.
CarParts.com is headquartered in Long Beach, California.
Non-GAAP Financial Measures
Regulation G, and other provisions of the Securities Exchange Act of 1934, as amended, define and prescribe the conditions for use of certain non-GAAP financial information. We provide “Adjusted EBITDA” in this earnings release and on today’s scheduled conference call, which are non-GAAP financial measures. Adjusted EBITDA consist of net loss before (a) interest expense, net; (b) income tax provision; (c) depreciation and amortization expense; (d) amortization of intangible assets; (e) share-based compensation expense; (f) workforce transition costs; (g) gain on sale of subsidiary; (h) strategic alternatives exploration costs; and (i) distribution center costs. A reconciliation of Adjusted EBITDA to net loss is provided below.
The Company believes that these non-GAAP financial measures provide important supplemental information to management and investors. These non-GAAP financial measures reflect an additional way of viewing aspects of the Company’s operations that, when viewed with the GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provides a more complete understanding of factors and trends affecting the Company’s business and results of operations.
Management uses Adjusted EBITDA as measures of the Company’s operating performance because it assists in comparing the Company’s operating performance on a consistent basis by removing the impact of stock compensation expense as well as other items that we do not believe are representative of our ongoing operating performance. Internally, these non-GAAP measures are also used by management for planning purposes, including the preparation of internal budgets; for allocating resources to enhance financial performance; and for evaluating the effectiveness of operational strategies. The Company also believes that analysts and investors use these non-GAAP measures as supplemental measures to evaluate the ongoing operations of companies in our industry.
These non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review the Company’s consolidated financial statements in their entirety and to not rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names. In addition, the Company expects to continue to incur expenses similar to the non-GAAP adjustments described above, and exclusion of these items from the Company’s non-GAAP measures should not be construed as an inference that these costs are all unusual, infrequent or non-recurring.
Safe Harbor Statement
This press release contains statements which are based on management’s current expectations, estimates and projections about the Company’s business and its industry, as well as certain assumptions made by the Company. These statements are forward looking statements for the purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “potential,” “believes,” “predicts,” “projects,” “seeks,” “estimates,” “may,” “will,” “would,” “will likely continue” and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding our future operating results and financial condition, our potential growth, our ability to innovate, our ability to gain market share, and our ability to expand and improve our product offerings. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, competitive pressures, our dependence on search engines to attract customers, demand for the Company’s products, the online market and channel mix for aftermarket auto parts, the economy in general, increases in commodity and component pricing that would increase the Company’s product costs, the operating restrictions in its credit agreement, the weather and any other factors discussed in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the Risk Factors contained in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.carparts.com/investor and the SEC’s website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements in this release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Unless otherwise required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.
Investor Relations:
IR@carparts.com
Summarized information for the periods presented is as follows (in millions):
| | Thirteen Weeks Ended | | Thirteen Weeks Ended | | Thirty-Nine Weeks Ended | | Thirty-Nine Weeks Ended |
| ||||
| | October 3, 2026 | | September 27, 2025 | | October 3, 2026 | | September 27, 2025 |
| ||||
Net sales | | $ | 129.33 | | $ | 127.77 | | $ | 396.93 | | $ | 427.10 | |
Gross profit | | $ | 43.18 | | $ | 42.27 | | $ | 131.18 | | $ | 139.40 | |
| |
| 33.4 | % |
| 33.1 | % |
| 33.0 | % |
| 32.6 | % |
Operating expense | | $ | 46.95 | | $ | 52.31 | | $ | 141.23 | | $ | 177.00 | |
| |
| 36.3 | % |
| 40.9 | % |
| 35.6 | % |
| 41.4 | % |
Net loss | | $ | (4.11) | | $ | (10.89) | | $ | (9.27) | | $ | (38.88) | |
| |
| (3.2) | % |
| (8.5) | % |
| (2.3) | % |
| (9.1) | % |
Adjusted EBITDA | | $ | 1.04 | | $ | (2.50) | | $ | 3.39 | | $ | (11.84) | |
| |
| 0.8 | % |
| (2.0) | % |
| 0.9 | % |
| (2.8) | % |
The table below reconciles net loss to Adjusted EBITDA for the periods presented (in thousands):
| | Thirteen Weeks Ended | | Thirteen Weeks Ended | | Thirty-Nine Weeks Ended | | Thirty-Nine Weeks Ended | | ||||
| | October 3, 2026 | | September 27, 2025 | | October 3, 2026 | | September 27, 2025 | | ||||
Net loss | | $ | (4,107) | | $ | (10,885) | | $ | (9,269) | | $ | (38,879) | |
Depreciation and amortization | | | 3,790 | | | 5,242 | |
| 12,322 | | | 15,702 | |
Amortization of intangible assets | | | 9 | | | 13 | |
| 25 | | | 40 | |
Interest expense, net | | | 260 | | | 394 | |
| 655 | | | 595 | |
Income tax (benefit) provision | | | 74 | | | 59 | |
| (1,310) | | | 289 | |
EBITDA | | $ | 26 | | $ | (5,177) | | $ | 2,423 | | $ | (22,253) | |
Stock compensation expense | | $ | 1,016 | | $ | 2,289 | | $ | 3,259 | | $ | 7,434 | |
Workforce transition costs(1) | | | — | | | — | | | — | | | 1,657 | |
Gain on sale of subsidiary(2) | | | — | | | — | | | (2,292) | | | — | |
Strategic alternatives exploration costs(3) | | | — | | | — | | | — | | | 929 | |
Distribution center costs(4) | | | — | | | 393 | | | — | | | 393 | |
Adjusted EBITDA | | $ | 1,042 | | $ | (2,495) | | $ | 3,390 | | $ | (11,840) | |
| (1) | We incurred transition costs, primarily related to severance, mainly as part of our workforce reductions during 2025. |
| (2) | On January 27, 2026, the Philippines subsidiary was deconsolidated from our consolidated financial statements and a gain on sale of subsidiary was recorded in operating expense in the consolidated statements of operations. |
| (3) | We incurred certain costs, primarily legal and advisor costs, attributable to our exploration of strategic alternatives in 2025. |
| (4) | In September 2025, we recorded a $393 loss on early lease termination in connection with a lease termination agreement related to the closure of our Virginia distribution center. |
CARPARTS.COM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, In Thousands, Except Per Share Data)
| | Thirteen Weeks Ended | | Thirty-Nine Weeks Ended | ||||||||
| | October 3, | | September 27, | | October 3, | | September 27, | ||||
| | 2026 | | 2025 | | 2026 | | 2025 | ||||
Net sales | | $ | 129,331 | | $ | 127,769 | | $ | 396,932 | | $ | 427,096 |
Cost of sales (1) | |
| 86,150 | |
| 85,494 | |
| 265,753 | |
| 287,695 |
Gross profit | |
| 43,181 | |
| 42,275 | |
| 131,179 | |
| 139,401 |
Operating expense | |
| 46,954 | |
| 52,313 | |
| 141,227 | |
| 177,002 |
Loss from operations | |
| (3,773) | |
| (10,038) | |
| (10,048) | |
| (37,601) |
Other income (expense): | |
| | | | | | | | | | |
Other income, net | |
| 161 | |
| (203) | |
| 711 | |
| 238 |
Interest expense | |
| (421) | |
| (585) | |
| (1,242) | |
| (1,227) |
Total other expense, net | |
| (260) | |
| (788) | |
| (531) | |
| (989) |
Loss before income taxes | |
| (4,033) | |
| (10,826) | |
| (10,579) | |
| (38,590) |
Income tax provision (benefit) | |
| 74 | |
| 59 | |
| (1,310) | |
| 289 |
Net loss | |
| (4,107) | |
| (10,885) | | $ | (9,269) | | $ | (38,879) |
Net loss per share: | | | | | | | | | | | | |
Basic and diluted net loss per share | | $ | (0.53) | | $ | (1.87) | | $ | (1.23) | | $ | (6.37) |
Weighted-average common shares outstanding: | |
| | |
| | |
| | |
| |
Shares used in computation of basic and diluted net loss per share | |
| 7,697 | |
| 5,819 | |
| 7,508 | |
| 6,107 |
| (1) | Excludes depreciation and amortization expense which is included in operating expense. |
| (2) | Per share and share amounts reported above were retroactively updated for the effect of the 10-to-1 reverse stock split that occurred in May 2026. For further information, refer to “Note 3 - Stockholders’ Equity and Share-Based Compensation” in the Notes to the Consolidated Financial Statements included in Part I, Item 1, of the Form 10-Q. |
CARPARTS.COM, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited, In Thousands, Except Par Value Data)
| | October 3, | | January 3, | ||
| | 2026 | | 2026 | ||
ASSETS |
| | |
| | |
Current assets: |
| | |
| | |
Cash and cash equivalents | | $ | 33,779 | | $ | 25,821 |
Accounts receivable, net | |
| 9,859 | |
| 7,061 |
Inventory, net | |
| 76,893 | |
| 95,180 |
Other current assets | |
| 7,638 | |
| 6,996 |
Total current assets | |
| 128,169 | |
| 135,058 |
Property and equipment, net | |
| 17,428 | |
| 20,191 |
Right-of-use - assets - operating leases, net | | | 15,504 | | | 18,586 |
Right-of-use - assets - finance leases, net | | | 5,292 | | | 7,233 |
Other non-current assets | |
| 5,147 | |
| 3,788 |
Total assets | | $ | 171,540 | | $ | 184,856 |
LIABILITIES AND STOCKHOLDERS' EQUITY | |
| | |
| |
Current liabilities: | |
| | | | |
Accounts payable | | $ | 40,261 | | $ | 44,884 |
Accrued expenses | |
| 23,850 | |
| 24,642 |
Right-of-use - obligation - operating, current | | | 4,958 | | | 4,858 |
Right-of-use - obligation - finance, current | | | 2,005 | | | 2,767 |
Other current liabilities | |
| 4,422 | |
| 4,090 |
Total current liabilities | |
| 75,496 | |
| 81,241 |
Convertible notes payable | | | 25,545 | | | 25,161 |
Right-of-use - obligation - operating, non-current | | | 12,180 | | | 15,771 |
Right-of-use - obligation - finance, non-current | | | 4,815 | | | 6,082 |
Other non-current liabilities | |
| — | |
| 3,125 |
Total liabilities | |
| 118,036 | |
| 131,380 |
Commitments and contingencies (Note 6) | |
| | | | |
Stockholders’ equity: | |
| | | | |
Common stock, $0.001 par value; 100,000 shares authorized; 8,070 and 7,005 shares issued and outstanding as of October 3, 2026 and January 3, 2026 (of which 378 are treasury stock) | |
| 8 | |
| 7 |
Treasury stock | |
| (11,912) | |
| (11,912) |
Additional paid-in capital | |
| 354,695 | |
| 344,176 |
Accumulated other comprehensive income | |
| — | |
| 1,223 |
Accumulated deficit | |
| (289,287) | |
| (280,018) |
Total stockholders’ equity | |
| 53,504 | |
| 53,476 |
Total liabilities and stockholders' equity | | $ | 171,540 | | $ | 184,856 |
| (1) | Common stock, shares issued and outstanding, and treasury stock reported above were retroactively updated for the effect of the 10-to-1 reverse stock split that occurred in May 2026. For further information, refer to “Note 3 - Stockholders’ Equity and Share-Based Compensation” in the Notes to the Consolidated Financial Statements included in Part I, Item 1, of the Form 10-Q. |
CARPARTS.COM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, In Thousands)
| | Thirty-Nine Weeks Ended | | ||||
| | October 3, | | September 27, | | ||
| | 2026 | | 2025 | | ||
Operating activities | | | | | | | |
Net loss | | $ | (9,269) | | $ | (38,879) | |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | | | | | | | |
Depreciation and amortization expense | |
| 12,322 | |
| 15,702 | |
Amortization of intangible assets | |
| 25 | |
| 40 | |
Noncash interest expense | | | 384 | | | 24 | |
Share-based compensation expense | |
| 3,259 | |
| 7,434 | |
Stock awards issued for non-employee director service | |
| 36 | |
| 40 | |
Gain on sale of subsidiary | |
| (2,292) | |
| — | |
Amortization of deferred financing costs | |
| 419 | |
| 84 | |
Loss from disposition of assets | |
| — | |
| 4 | |
Loss on early lease termination | | | — | | | 393 | |
Changes in operating assets and liabilities: | | | | | | | |
Accounts receivable | |
| (2,798) | |
| (1,251) | |
Inventory | |
| 18,287 | |
| (3,930) | |
Other current assets | |
| (1,042) | |
| (113) | |
Other non-current assets | |
| (1,941) | |
| (486) | |
Accounts payable and accrued expenses | |
| (5,954) | |
| (5,151) | |
Other current liabilities | |
| 331 | |
| (509) | |
Right-of-use obligation - operating leases - current | | | 607 | | | (150) | |
Right-of-use obligation - operating leases - long-term | | | (893) | | | 8 | |
Other non-current liabilities | |
| (1,438) | |
| 263 | |
Net cash provided by (used in) operating activities | |
| 10,043 | |
| (26,477) | |
Investing activities | | | | | | | |
Additions to property and equipment | |
| (7,553) | |
| (6,281) | |
Proceeds from sale of subsidiary | |
| 300 | |
| — | |
Net cash used in investing activities | |
| (7,253) | |
| (6,281) | |
Financing activities | | | | | | | |
Borrowings from revolving loan payable | |
| 97 | |
| 20,565 | |
Payments made on revolving loan payable | |
| (97) | |
| (20,565) | |
Proceeds from convertible notes payable | | | — | | | 25,000 | |
Payments made on finance leases | |
| (2,028) | |
| (2,615) | |
Net proceeds from issuance of common stock for ESPP | | | — | | | 154 | |
Proceeds from issuance of common stock | | | 8,000 | | | 10,733 | |
Payment of issuance costs - common stock | | | (54) | | | (383) | |
Statutory tax withholding payment for share-based compensation | |
| (157) | |
| (517) | |
Net cash provided by financing activities | |
| 5,761 | |
| 32,372 | |
Effect of exchange rate changes on cash | |
| (593) | |
| — | |
Net change in cash and cash equivalents | |
| 7,958 | |
| (386) | |
Cash and cash equivalents, beginning of period | |
| 25,821 | |
| 36,397 | |
Cash and cash equivalents, end of period | | $ | 33,779 | | $ | 36,011 | |
Supplemental disclosure of non-cash investing and financing activities: | | | | | | | |
Right-of-use operating asset acquired | | $ | 2,391 | | $ | — | |
Accruals for property and equipment | | $ | 494 | | $ | 396 | |
Share-based compensation expense capitalized in property and equipment | | $ | 299 | | $ | 685 | |
Accrued issuance costs - purchase agreement | | $ | — | | $ | 550 | |
Supplemental disclosure of cash flow information: | | | | | | | |
Cash paid during the period for income taxes | | $ | 8 | | $ | 152 | |
Cash paid during the period for interest | | $ | 869 | | $ | 1,094 | |
Cash received during the period for interest | | $ | 587 | | $ | 631 | |