v3.24.2.u1

Unaudited Condensed Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net income	$ 392	$ 2,125
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Right-of-use asset non-cash expense	539	511
Deferred income taxes	23	22
Depreciation of property and equipment	135	150
Stock-based compensation	595	525
Amortization of intangible assets	982	783
Changes in operating assets and liabilities:
Trade accounts receivable	(4,963)	(1,620)
Unbilled accounts receivable and deferred revenues	(816)	687
Inventories	(1,409)	(693)
Prepaid expenses and other assets	118	(1,182)
Trade accounts payable and accrued expenses	1,268	3,354
Operating lease liabilities	(482)	(616)
Net cash provided by (used in) operating activities	(3,618)	4,046
Cash flows from investing activities
Purchases of property and equipment	(24)	(168)
Capitalized software development costs	(97)	(588)
Net cash used in investing activities	(121)	(756)
Cash flows from financing activities
Proceeds from stock option exercises	10	257
Tax withholding payments for net share settlements of performance stock units	0	(6)
Repurchases of common stock	(621)	0
Net cash (used in) provided by financing activities	(611)	251
(Decrease) increase in cash, cash equivalents and restricted cash	(4,350)	3,541
Cash, cash equivalents and restricted cash at beginning of period	25,975	16,727
Cash, cash equivalents and restricted cash at end of period	21,625	20,268
Supplemental schedule of non-cash investing and financing activities:
Lease liabilities arising from obtaining right-of-use assets	129	121
Purchases of fixed assets in accounts payable	103	0
Capitalized software development costs in accounts payable and accrued liabilities	$ 74	$ 234

Amortization Of Intangible Assets, Including Cost Of Sales

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Capitalized Computer Software Costs Incurred But Not Yet Paid

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Future cash outflow to pay for purchases of fixed assets that have occurred.

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ITERIS, INC. 10-Q