voxeljet AG |
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) |
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Nine months ended September 30, |
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2023 |
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2022 |
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(€ in thousands) |
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Cash Flow from operating activities |
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Loss for the period |
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(10,067 |
) |
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(11,254 |
) |
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Depreciation and amortization |
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2,198 |
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|
2,174 |
|
Foreign currency exchange differences including loan to subsidiaries |
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(82 |
) |
|
(1,589 |
) |
Foreign currency translation reserve reclassified to profit or loss |
|
-- |
|
|
(1,475 |
) |
Change in fair value of bond funds |
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-- |
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|
773 |
|
Share-based compensation expense |
|
102 |
|
|
49 |
|
Change in impairment of trade receivables and other receivables |
|
57 |
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|
120 |
|
Non-cash interest expense on long-term debt |
|
333 |
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|
2,540 |
|
Change in fair value of derivative equity forward |
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-- |
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|
2,311 |
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| Change in fair value of derivative put option |
|
325 |
|
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-- |
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| Change in inventory allowance |
|
233 |
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|
597 |
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| Loss on disposal of property, plant and equipment and intangible assets |
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-- |
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|
23 |
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| Interest paid |
|
928 |
|
|
129 |
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| Interest received |
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(88 |
) |
|
(75 |
) |
| Interest accrued |
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(13 |
) |
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-- |
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| Other |
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(1 |
) |
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(87 |
) |
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| Change in working capital |
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(666 |
) |
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(1,635 |
) |
| Trade and other receivables, inventories and current assets |
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(2,343 |
) |
|
(6,163 |
) |
| Trade payables |
|
(143 |
) |
|
773 |
|
| Other liabilities, contract liabilities and provisions |
|
1,842 |
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|
3,776 |
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| Income tax payable/receivables |
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(22 |
) |
|
(21 |
) |
| Total |
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(6,741 |
) |
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(7,399 |
) |
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| Cash Flow from investing activities |
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| Payments to acquire property, plant and equipment and intangible assets |
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(534 |
) |
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(574 |
) |
| Proceeds from disposal of financial assets |
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1,873 |
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12,581 |
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| Payments to acquire financial assets |
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(3,715 |
) |
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-- |
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| Interest received |
|
88 |
|
|
75 |
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| Total |
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(2,288 |
) |
|
12,082 |
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| Cash Flow from financing activities |
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| Repayment of lease liabilities |
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(761 |
) |
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(356 |
) |
| Repayment of long-term debt |
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(79 |
) |
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(1,522 |
) |
| Proceeds long-term debt |
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3,028 |
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-- |
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| Debt transaction cost |
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(124 |
) |
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-- |
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| Proceeds from issue of ordinary shares in the form of ADS |
|
860 |
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-- |
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| Share issue cost |
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(71 |
) |
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-- |
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| Change in restricted cash |
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-- |
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|
294 |
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| Interest paid |
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(931 |
) |
|
(129 |
) |
| Total |
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1,922 |
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(1,713 |
) |
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| Net increase (decrease) in cash and cash equivalents |
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(7,107 |
) |
|
2,970 |
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| Cash and cash equivalents at beginning of period |
|
12,119 |
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|
7,027 |
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| Changes to cash and cash equivalents due to foreign exchanges rates |
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(44 |
) |
|
240 |
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| Cash and cash equivalents at end of period |
|
4,968 |
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|
10,237 |
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See accompanying notes to unaudited condensed consolidated interim financial statements.
