$GCTS Cashflow Statement | Understand Stock

$GCTS

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD; shares in millions, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 10 months to Dec 31, 2021
Operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Income from cash and investments held in trust account
Depreciation and amortization
Loss on impairment of long-lived assets
Amortization of right-of-use assets
Stock-based compensation
Issuance of common stock to underwriter
Change in provision for credit losses
Change in fair value of warrant liabilities
Fair value of Private Placement Warrants in excess of purchase price
Offering costs attributable to warrant liability
Recovery of offering costs attributable to warrant liability
Loss from initial recognition of common stock forward liability
Change in fair value of convertible promissory notes
Change in fair value of common stock forward liability
Gain on extinguishment of liability
Changes in operating assets and liabilities:
Expense reimbursement receivable from GCT
Prepaid expenses
Due to related party
Accounts receivable
Inventory
Contract assets
Prepaid expenses and other current assets
Other assets
Accounts payable
Contract liabilities
Accrued and other current liabilities
Net defined benefit liabilities
Other taxes payable
Income tax payable
Accounts payable and accrued offering costs
Accrued legal expense
Accrued capital markets advisory expense
Other accounts payable and accrued expenses
Lease liabilities
Other liabilities

Net cash used in operating activities
Investing activities:
Cash withdrawn from trust account to pay taxes
Investment of cash in Trust Account
Cash withdrawn from trust account in connection with redemptions
Purchases of property and equipment
Net cash used in investing activities

Financing activities:
Proceeds from sale of Units, net of underwriters' discount
Proceeds from issuance of private placement warrants
Proceeds from issuance of promissory note to related party
Redemption of common stock
Proceeds from reverse recapitalization and PIPE Financing, net of transaction costs
Proceeds from issuance of convertible promissory notes
Proceeds from borrowings
Proceeds from issuance of common stock under common stock purchase agreement
Proceeds from issuance of common stock under at-market agreement
Proceeds from issuance of common stock and common stock warrants in a private placement
Proceeds from issuance of common stock and common stock warrants in a registered direct offering
Proceeds from exercise of stock options
Payment of common stock issuance costs
Repayment of promissory note to related party
Tax withholding on restricted stock units
Repayments of borrowings
Repayments of convertible promissory notes
Payments of finance lease liabilities
Net cash provided by financing activities

Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Cash paid for operating leases
Non-cash financing activities:
Increase in redemption value of shares subject to possible redemption
Initial classification of warrant liability
Deferred Underwriting Fee Payable
Offering costs included in accounts payable and accrued offering expenses
Non-cash contribution - non-redemption agreements
Partial waiver of deferred underwriter commission
Excise tax payable attributable to redemption of common stock
Conversion of Class B common stock to Class A common stock
Extinguishment of debt
Federal income tax paid
Issuance of common stock from conversion of convertible promissory notes
Issuance of common stock from cashless warrant exercise
Settlement of common stock forward liability in equity
Proceeds from issuance of common stock withheld for outstanding payables
Operating lease right-of-use assets obtained in exchange for operating lease liabilities
Purchase of property and equipment in accrued expenses and other current liabilities

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