Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 189

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 189
---
 This was primarily comprised of our net loss of $10.1 million, adjusted for non-cash items such as, depreciation and amortization expense of $3.9 million, stock-based compensation expense of $3.3 million, amortization of lease right-of-use assets of $0.3 million, and other non-cash expenses of $0.3 million. Net cash used in operations also reflected a decrease of $5.7 million from changes in operating assets and liabilities, which primarily reflected a decrease in accrued expenses and other current liabilities of $4.6 million, a decrease in accrued employee expenses of $1.7 million, an increase in prepaid expenses and other assets of $1.4 million, and a decrease in operating lease liabilities of $0.5 million. These were offset by an increase in accounts payable of $2.2 million and a decrease in accounts receivable of $0.3 million.

Cash provided by operating activities for the three months ended March 31, 2024 was $2.0 million. This was primarily comprised of our net loss of $5.8 million, adjusted for non-cash items such as, depreciation and amortization expense of $4.6 million, stock-based compensation expense of $2.6 million, amortization of lease right-of-use assets of $0.6 million, other non-cash expenses of $0.4 million, and bad debt expense of $0.2 million. Net cash provided by operations also reflected a decrease of $0.6 million from changes in operating assets and liabilities, which primarily reflected a decrease in accrued employee expenses of $3.5 million, a decrease in accrued expenses and other current liabilities of $2.6 million, and a decrease in operating lease liabilities of $0.9 million. These were offset by a decrease in accounts receivable of $2.9 million, an increase in accounts payable of $2.3 million, and a decrease in prepaid expenses and other assets of $1.1 million.

Investing Activities 

Cash used in investing activities of $2.7 million for the three months ended March 31, 2025 consists primarily of investments in software and computer hardware.

Cash used in investing activities of $2.6 million for the three months ended March 31, 2024 consisted primarily of investments in software and computer hardware.

Financing Activities 

Cash used in financing activities of $3.2 million for