Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 170

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 18
Chunk 170
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 2023                  19,021      8,312      266,774      ( 15,189      194          ( 130,699       129,392  
  Net loss                                      —           —                —      —             —            ( 43,328       ( 43,328  
  Other comprehensive loss                      —           —                —      —             ( 2,494      —               ( 2,494  
  Exercise of vested options                    564         247          ( 134      —             —            —                   113  
  Vesting of restricted stock units             130         57            ( 57      —             —            —                     —  
  Redemption for employee tax withholdings      ( 59        ( 26       ( 1,317      —             —            —               ( 1,343  
  Repurchase of common stock                    ( 178       ( 78       ( 3,425      —             —            —               ( 3,503  
  Stock-based compensation                      —           —           27,255      —             —            —                27,255  
  Balance at December 31, 2024                  19,478      8,512      289,096      ( 15,189      ( 2,300      ( 174,027       106,092  

  (1)      Retroactively adjusted for the twenty-to-one share combination, effective April 7, 2025 – See Note  

See accompanying notes to consolidated financial
statements.

F-6

NEWEGG COMMERCE, INC.

Consolidated Statements of Cash Flows

Years ended December 31, 2024, 2023 and
2022

(In thousands)

                                                                                                 2024                    2023                    2022                
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash flows from operating activities:                                                                                                                              
  Net loss                                                                                       $         ( 43,328      $         ( 58,990      $         ( 57,429  
  Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                                                                          
  Depreciation and amortization                                                                              10,703                  13,437                  11,021  
  Allowance for expected credit losses                                                                        1,208                     245                     697  
  Recovery of related party receivable