AVEX: the cash flow

MyFinsight

For the quarter ending 2026-03-31, AVEX had -$459K decrease in cash & cash equivalents over the period.

Cash Flow	2026-03-31
Net income (loss)	20,998
Depreciation and amortization	5,309
Amortization of debt issuance costs	90
Stock compensation expense	39
Change in contingent consideration	0
Deferred income taxes	0
Noncash operating lease expense	820
Provision for inventory obsolescence	67
Change in fair value of derivative liability	-2,400
Gain on sale of equipment	48
Accounts receivable, net	30,371
Contract assets	41,021
Inventories	2,034
Prepaid expenses and other current assets	-3,518
Other assets	12
Accounts payable	21,410
Accrued expenses and other current liabilities	-927
Deferred revenue	10,248
Operating lease liabilities	-837
Net cash used in operating activities	-10,351
Business acquisition, net of cash acquired	500
Purchases of property and equipment	1,250
Net cash used in investing activities	-1,750
Proceeds from series a preferred units, net of issuance costs	15,317
Repurchase of class a units	1,048
Distributions to noncontrolling interest	75
Repayment of notes payable	680
Payments of deferred offering costs	1,872
Net cash provided by (used in) financing activities	11,642
Net decrease in cash and cash equivalents	-459
Beginning of period	27,908
End of period	27,449

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.