Company: CDLX
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666071-25-000069
Chunk: 102

Company: Cardlytics, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 102
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 loss to net cash used in operating activities:Credit loss expense643 1,570 Depreciation and amortization6,291 6,250 Amortization of financing costs charged to interest expense405 445 Amortization of right-of-use assets632 549 Loss (gain) on disposal or divestiture(5,350)— Stock-based compensation expense8,694 10,985 Change in contingent consideration60 5,817 Other non-cash (income) expense, net(2,620)667 Change in operating assets and liabilities:Accounts receivable7,536 13,323 Prepaid expenses and other assets(56)(3,450)Accounts payable551 125 Other accrued expenses1,895 (7,634)Partner Share liability(3,860)(13,291)Consumer Incentive liability(8,245)(8,698)Net cash used in operating activities(6,706)(17,617)Investing activitiesAcquisition of property and equipment(119)(651)Capitalized software development costs(3,984)(4,096)Business divestiture200 — Net cash used in investing activities(3,903)(4,747)Financing activitiesSettlement of contingent consideration(3,000)(20,074)Proceeds from issuance of common stock— 48,634 Debt issuance costs(34)(239)Net cash (used in) provided by financing activities(3,034)28,321 Effect of exchange rates on cash and cash equivalents95 (21)Net (decrease) increase in cash and cash equivalents(13,548)5,936 Cash and cash equivalents  — Beginning of period65,594 91,830 Cash and cash equivalents  — End of period$52,046 $97,766 

See notes to the condensed consolidated financial statements7

CARDLYTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in thousands)

Three Months EndedMarch 31, 20252024Supplemental disclosure of cash flow information:Cash paid for interest$253 $1,862 Amounts accrued for property and equipment$171 $98 Amounts accrued for capitalized software development costs$187 $135 Issuance of common stock, net of issuance costs - Settlement Agreement (as defined below)$— $27,451 

See