Grove Results Presentation Deck

Statements of Cash Flows (IN THOUSANDS) (Unaudited) 000 CASH FLOWS FROM OPERATING ACTIVITIES Net loss Adjustments to reconcile net loss to net cash used in operating activities: Remeasurement of convertible preferred stock warrant liability Stock-based compensation Depreciation and amortization Changes in fair value of derivative liabilities Transaction costs allocated to derivative liabilities upon Business Combination Non-cash interest expense Inventory reserve Loss on extinguishment of debt Other non-cash expenses Changes in operating assets and liabilities Inventory Prepaids and other assets Accounts payable Accrued expenses Deferred revenue Operating lease right-of-use assets and liabilities Other liabilities Net cash used in operating activities CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property and equipment Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of common stock upon Closing of Business Combination Proceeds from issuance of contingently redeemable convertible common stock Proceeds from issuance of shares under the ELOC Agreement Payment of transaction costs related to the Closing of the Business Combination, the ELOC Agreement and convertible preferred stock issuance costs Proceeds from issuance of debt Repayment of debt Payment of debt issuance costs Payment of debt extinguishment Proceeds from exercise of stock options, net of withholding taxes paid related to common stock issued to employees, and warrants Repurchase of common stock Net cash provided by financing activities Net decrease (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Nine Months Ended September 30, 2022 $ (75,032) (1,616) 34.348 4,291 (49.149) 6,873 447 3.540 170 (5,132) 715 (7.550) (1,826) (451) (84) 909 (89,547) (3,580) (3,580) 97,100 27.500 138 (5,358) (865) (211) 270 (32) 118,542 25.415 78,376 $ 103,791 2021 $ (103,909) 1,526 10,858 3,633 509 1,933 1,027 396 (14,819) (2,081) 7.400 5,431 159 62 (878) (88,753) (4,268) (4,268) (340) 50,000 (21,523) (375) (2,499) 749 (297) 25,715 (67,306) 176,523 $ 109,217

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