Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 161

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 161
---
 Stock AccumulatedDeficitStockholders’Equity SharesAmountAPICBalance at December 31, 202391,091,541 $9 $722,504 $(562,298)$160,215 Net loss— — — (5,848)(5,848)Stock-based compensation— — 2,822 — 2,822 Shares issued in connection with employee stock plan, net of shares withheld for employee taxes482,197 — (1,156)— (1,156)Balance at March 31, 202491,573,738 $9 $724,170 $(568,146)$156,033 

See accompanying notes to condensed consolidated financial statements.

7

TRUECAR, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited) Three Months Ended March 31, 20252024Cash flows from operating activities  Net loss$(10,136)$(5,848)Adjustments to reconcile net loss to net cash (used in) provided by operating activities:  Depreciation and amortization3,898 4,585 Bad debt expense and other reserves31 217 Stock-based compensation3,346 2,632 Increase in the fair value of contingent consideration liability36 92 Amortization of lease right-of-use assets337 591 Other noncash expense339 383 Changes in operating assets and liabilities:Accounts receivable250 2,941 Prepaid expenses and other assets(1,426)1,101 Accounts payable2,241 2,309 Accrued employee expenses(1,678)(3,483)Operating lease liabilities(514)(877)Accrued expenses and other current liabilities(4,619)(2,594)Net cash (used in) provided by operating activities(7,895)2,049 Cash flows from investing activities  Purchase of property and equipment(2,675)(2,560)Net cash used in investing activities(2,675)(2,560)Cash flows from financing activities  Payment of contingent consideration liability(2,784)(1,610)Taxes paid related to net share settlement of equity awards(455)(1,156)Net cash used in financing activities(3,239)(2,766)Net decrease in cash, cash equivalents and restricted cash(13,809